NEWS RELEASE TREB Releases Monthly Market Figures Reported By GTA REALTORS® TORONTO, January 4, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB’s MLS® System in 2017.  This total was down 18.3 per cent compared to the record set in 2016. Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) was announced.  The pace of sales... [read more]

First-Time Byuers' Tax Credit Program First-time home buyers may be  eligible for a 15 percent income tax credit for  closing costs. Details • To assist first-time home buyers with the costs related to the purchase of a home. • The First-Time Home Buyers’ Credit (FTHBC) provides a 15 percent credit on a maximum of $5,000 of home purchase costs (e.g. legal fees, land transfer taxes, etc.), meaning maximum tax relief of $750. • Applicable to first-time... [read more]