Deeded

Bringing home and mortgage closings into the 21st century

[Deeded @getdeeded]

It's that special time of year again! 🏌‍♀️

The Canadian Mortgage Brokers Association - Ontario annual Summerfest golf tournament.

We're excited go see our friends and partners. Swing by holes 13 & 14 for a fun-packed experience. Let's make it an epic day!

[Deeded @getdeeded]

The Canadian condo market brings a perfect storm and a crisis at the same time.

https://t.co/SUjwJQ4YcF

[Daniel Foch @danielfoch]

Fewer homes sold in March 2024 than:
1. March 2023, worst sales year since the 90's
2. March 2020, when covid started

The last time fewer homes sold in March was 2009.

[Deeded @getdeeded]

Closing costs are going up in Alberta come January 2025z. Still a bargain compared to Ontario and BC.

https://t.co/CDev9vgqA1

[Deeded @getdeeded]

@therobcampbell @VinceGaetano Thanks so much, Rob!

[Deeded @getdeeded]

@emacgabhann @VinceGaetano Yes, we have a fixed fee model. As @VinceGaetano mentioned, title insurance can be a variable cost, depending on the purchase price.

[Deeded @getdeeded]

Thank you so much @VinceGaetano. You made our day!

[Vince Gaetano @VinceGaetano]

Our brokerage has been using @getdeeded to close our client home purchases and mortgage transactions and it’s a god send.

Three borrowers in three different locations able to close a purchase transaction virtually. Easy, seamless and efficient.

Give it a try & impress clients.

[John Pasalis @JohnPasalis]

Detached Active Listings in the Toronto area

April 1996 ➡️ 9,349
April 2023 ➡️ 4,536

Last month had the lowest number of detached listings on record

[Deeded @getdeeded]

Today is the deadline for Toronto property owners to fill out the online property declaration.

If you miss the deadline, you may incur a penalty and your property may be deemed vacant, and therefore subject to the #vacanthometax

https://t.co/FjtyQh4XCE

[Deeded @getdeeded]

Change is abound in Canadian Real Estate. Here’s what’s new, effective January 2023. https://t.co/pTU4HENK0K

[Deeded @getdeeded]

More about the vacant home tax and other key topics on our blog: https://t.co/aGzESPESv1

[Deeded @getdeeded]

If you own a property in the city of Toronto, you likely received a letter from the city asking you to submit an online declaration for the purposes of the vacant home tax.

[Deeded @getdeeded]

Feb 2, 2023 is the deadline and more info can be found on the city of Toronto’s website: https://t.co/sjxjGtcqc7

[Deeded @getdeeded]

More in our blog… https://t.co/dDEAVMBOk4

[Deeded @getdeeded]

Effective January 2023, the Canadian government is introducing an “anti-flipping” tax.

Flipping has been defined in government documents as “purchasing real estate with the intention of reselling the property in a short period of time to realize a profit.”

[Deeded @getdeeded]

Essentially, under the new tax law, anyone who sells a property which they owned for less than 12 months (specifically, 365 consecutive days) will be considered to have “flipped” the house and any profits from the deal will be taxed as business income.