Wade and Jackie Adams's (theadamsfamily) Blog

New Info Re. Toronto LTT Rebates Provided By CityDecember 14, 2007 -- The City of Toronto has indicated that it has been able to make arrangements that will allow purchasers who are eligible for a FULL rebate of the Toronto Land Transfer Tax (TLTT) to close their transactions without paying the T...

A second land transfer tax, on top of the provincial land transfer tax, at the following rates:Residential: 0.5% of the amount of the purchase price up to and including $55,000, plus 1% of the amount of the purchase price between $55,000 and $400,000, plus 2% of the amount of the purchase price a...

A reduction in the GST from 6 per cent to 5 per cent was announced by the federal government on October 30, 2007. With regard to the purchase price of residential properties, GST only applies to sales of newly constructed and substantially renovated homes. GST is not applied to the purchase price...

  It's your money, that is why The Adams Family gives you choice when selling your home. Most agents will charge you the same commission, usually 5%, regardless of how your home is sold.The Adams Family has a no nonsense approach to commissions that keeps money in your pocket and can't be found a...