If you own a property in Toronto you probably know by now that an annual tax will be levied on vacant residences, payable beginning in 2023.

A property is considered vacant if it was not used as the principal residence by the owner(s) or any permitted occupant(s), or was not occupied by tenants for a total of six months or more during the previous calendar year. Properties may also be deemed (or considered to be) vacant if an owner fails to make a declaration of occupancy status as outlined in the bylaw .

Though all homeowners are required to submit a declaration of occupancy status, the tax does not apply to:

• properties that are the principal residence of the owner
• properties that are the principal residence of a permitted occupant or tenant
• properties that qualify for an exemption

Click on the button below to access the form:

Do you have a son or a daughter currently in grade 12?

RE/MAX Canada is pleased to expand the existing Quest for Excellence scholarship program in 2023, now offering 40 scholarships of $1,000 each to students across Canada (except for Quebec). To qualify, participants must be a Grade 12 student attending high school in the 2022/2023 academic year, who have not previously participated in graduation commencement ceremonies in the past.

Click here to find out more and apply!

Have a great rest of the week!

First Time Home Buyer Seminar - You are invited!

Buying your first home is a big financial commitment - very likely, the biggest financial investment you'll ever make in your life. It can be an exciting experience, but it can also, at times, be overwhelming and very confusing.

There are a lot of preparations to make and costs to plan for. Our Complete Home Buyer’s Seminar will remove the confusion and walk you through the home buying process step-by-step.

Please take a moment to view the short video below.

All the answers to "Ready To Buy?" will be revealed at the seminar.

Buying your first home is a big financial commitment. There are a lot of preparations to make and costs to plan for. Our Complete Home Buyer’s Seminar will remove the confusion and walk you through the home buying process step-by-step. Please take a moment to view the short video below.

All the answers to "Ready To Buy?" will be revealed at the seminar!