Fri, 03 Apr 2026 09:51:24 -0400WeeblySat, 11 Feb 2017 13:14:15 GMThttps://www.niagarapropertyguys.com/news/20-increase-in-prices-over-january-2016The average sale price for a residential home in Niagara has increased by more than 20 per cent this January, compared to January 2016, according to the Niagara Association of Realtors.

The group released statistics this week showing the average sale price averaged $337,888 across Niagara last month, up from $273,000 last January.

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]]>Thu, 09 Feb 2017 05:00:00 GMThttps://www.niagarapropertyguys.com/news/testThe Ontario government is moving to double the maximum tax rebate offered to first-time homebuyers while boosting the land-transfer tax on house purchases above $2 million.
Finance Minister Charles Sousa made the announcements in his fall economic statement, delivered in the provincial legislature on Monday afternoon. The changes are to take effect on Jan.1, 2017. 
"Purchasing your very first home is one of the most exciting decisions in a young person's life, but many are worried about how they will be able to afford their first condo or house," he told the Legislature Monday. "Improving housing affordability will help more Ontarians to participate [in the housing market]."

Sousa said first-time buyers won't pay any land transfer tax on the first $368,000 of a purchase price, and they will become eligible for a rebate of up to $4,000 in provincial land transfer tax, levied on the purchase of every house and condominium. Meanwhile, the land-transfer tax rate on the amount of a purchase above $2 million will rise to 2.5 per cent, from the current rate of 2 per cent. 

Original Article Here]]>Wed, 01 Feb 2017 05:00:00 GMThttps://www.niagarapropertyguys.com/news/toronto-real-estate-board-foresees-another-year-of-double-digit-price-increasesThe Toronto Real Estate Board is expecting another year of double-digit price increases and a similar number of property sales to those last year.

It says the average price for all types of housing is expected to rise to about $825,000 _ up from $730,472 in December and $729,922 for the 2016 calendar year.

The board says the highest year-over-year price increases will be for low-rise types of housing such as detached, semi-detached and townhouses.

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