The Riz Team Blog

Posts Tagged ‘KW Realtor’

JANUARY HOME SALES SNOWED UNDER BY LOW INVENTORY

Wednesday, February 7th, 2018

The Riz Team January Stats

There were 270 residential sales in January through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 18 per cent compared to January 2017.

“On the surface, activity appears to be somewhat sluggish in January, says Tony Schmidt, KWAR President. “However if we set aside the past two years, it was a very typical January in terms of the number of sales. What is less typical is that listing inventory is still at historic low levels, and we continue to see multiple offers on properties putting upward pressure on prices.”

Total residential sales in January included 149 detached (down 23.6 per cent), and 70 condominium units (down 11.4 per cent) which includes any property regardless of style (i.e. semis, townhomes, apartment, detached etc.). Sales also included 27 semi-detached homes (down 18.2 per cent) and 22 freehold townhouses (up 10 per cent).

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First Time Buyers – Land Transfer Tax rebate NOW $4000

Monday, November 14th, 2016

land-transfer-tax-revenue-draft

The Ontario Real Estate Association had asked the government to expand the land-transfer tax rebate program for first-time buyers as one way to help more of them get into the housing market.
Finance minister Charles Sousa is giving first-time home buyers a $4,000 land transfer tax rebate
The change, which takes effect on Jan. 1, means first-time buyers will not pay land transfer tax on the first $386,000 of the cost of their homes.

“For many this will mean no land transfer tax on the purchase for their first home,” said Sousa.

“The housing market is an important source of economic growth and employment in Ontario and improving housing affordability will help more Ontarians participate,” he said

Under the land transfer tax break, more than half of first-time home buyers won’t have to pay land transfer tax at all.

ontario-land-transfer-tax-rates

Source:  https://www.thestar.com/news/queenspark/2016/11/14/first-time-home-buyers-to-get-4000-land-transfer-rebate.html

Did you see Riz in Home Plus Magazine?

Thursday, February 18th, 2016

Agent Spotlight Feature in

Homes Plus Magazine

Check it out on page 62!

Agent Spotlight- RIZ


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