Toronto Condos: 8 Scollard St – The Lotus, Yorkville.

8-Scollard-St-The-Lotus-Yorkville-Condos

  • 8 Scollard St.
  • The Lotus
  • Walk to Yonge and Bloor TTC,  Luxury Shopping and Restaurants in Yorkville, Starbucks, Galleries and the Museum.  Amenities include 24 hour concierge, gym, party room & guest suites.
  • Walk Score 100, Transit Score 95
  • TSCC/1972
  • Location:  Yorkville, Yonge and Bloor.
  • 16 Story Condo Tower
  • Completed 2009
  • Built by Shuipong Group
  • M5R 1M2
  • MLS District C02 – Annex

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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Downtown Toronto Condos: 75 Portland St, Seventy5 Portland, King St West and Bathurst

75-Portland-St-Seventy5-Condos

  • 75 Portland St
  • Seventy5 Portland
  • Walk to Starbucks, groceries, LCBO, Financial/Entertainment/Fashion districts and shopping, Restaurants, parks.
  • Walk Score 92, Transit Score 100
  • TSCC/2102
  • Location:  Downtown Toronto Fashion District, King St West and Bathurst.
  • 11 Story Condo Tower
  • Completed 2010
  • Built by Freed Development
  • M5V 2M9
  • MLS District C01 – Waterfront Communities – C1

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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Downtown Toronto Condos: 80 John St, Festival Tower, King St West, TIFF Bell Lightbox

80-John-St-Festival-Tower-Tiff-Bell-Lightbox-Condos

  • 80 John St
  • Festival Tower, TIFF Bell Lightbox
  • Condo amenities include Indoor Pool, Whirpool, Business Center,Spa Tretment Rooms. Yoga/Pilates/Dance Studio, Water Fall, Sauna & Sundeck, 55 Seat Cinema. Walk to Starbucks, groceries, LCBO, Financial/Entertainment/Fashion districts and shopping, Restaurants
  • Walk Score 100, Transit Score 100
  • TSCC/2155
  • Location:  Downtown Toronto, King St West and John St.
  • 42 Story Condo Tower
  • Built by Daniels Corporation
  • M5V 3X4
  • MLS District C01 – Waterfront Communities – C1

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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Toronto Condos: 271 Ridley Blvd, Avenue Rd and York Mills

271-Ridley-Blvd-Residences-of-ridley-boulevard-condos

  • 271 Ridley Blvd
  • Residences of Ridley Boulevard Condos
  • Condo amenities include 24 hour gatehouse security, outdoor pool, exercise room, recreation and games room, sauna.
  • Walk Score 67, Transit Score 67
  • MTCC/819
  • Location:  Toronto, Avenue Rd and York Mills.
  • Completed 1989
  • Built by Tridel
  • M5M 4N1
  • MLS District C04 – Bedford Park – Nortown Toronto

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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REALTORS® Tell City Council that Proposed 2014 Budget Reliance on Land Transfer Tax Poses Risks and Call for Relief for Home Buyers

TORONTO, January 28, 2014 – With Toronto City Council meeting tomorrow to give final approval to the City’s 2014 Budget, the Toronto Real Estate Board (TREB) is telling Councillors that the proposed budget’s reliance on the Toronto Land Transfer Tax poses risks and that City Council should begin cutting this tax instead. TREB’s views are being echoed by thousands of Torontonians who have been contacting City Councillors by email and other means.

“Relying on an unpredictable revenue source like the Land Transfer Tax, which fluctuates with the City’s real estate market, poses risks. The proposed budget that City Council will be debating relies on this unpredictable revenue more than ever before. Torontonians deserve better than that and City Council should be focusing on predictable budgeting options and cutting the Land Transfer Tax, instead,” said Dianne Usher, President, Toronto Real Estate Board.

When the City’s 2014 budget process began last November, City staff recommended budgeting $335 million in revenue from the Land Transfer Tax for 2014, which allowed for a buffer in revenue expectations to account for potential fluctuations in the real estate market. Since then, the City’s Budget Committee and Executive Committee made amendments to the proposed Budget to increase the budgeted revenue from the Land Transfer Tax by over $20 million, exposing the City’s budget to greater risk if real estate market trends change. In a letter sent to City Council, TREB has warned City Councillors of this risk, and called for City Council to cut the Land Transfer Tax instead, and focus on predictable budgeting options.

“The Home Buying Tax hurts people when they can least afford it. It penalizes people like growing families or retirees. City Council should do its part in keeping Toronto affordable by providing relief from the Home Buying Tax for all home buyers,” said Dianne Usher, President, Toronto Real Estate Board.

TREB has told Councillors that eliminating the Land Transfer Tax on the first $400,000 value of a property, at a minimum, for all home buyers, would be a good first step in providing relief from this tax.  Setting this threshold at $400,000 would ensure that first-time home buyers would be no worse off (Currently, first-time home buyers are eligible for a rebate on the Land Transfer Tax payable up to a $400,000 property). TREB also told Councillors that if a lower threshold is preferred, then the current rebate for first-time home buyers should be maintained, and potentially expanded, and indexed to inflation going forward. With the current average price in Toronto at approximately $570,000, TREB believes that the current first-time home buyer rebate is inadequate because it has not kept pace with inflation.

“Even first-time home buyers purchasing below average–priced properties are currently being forced to pay thousands of dollars in Toronto Home Buying Tax, because the City’s first-time home buyer rebate has not kept pace with inflation,” said Von Palmer, TREB’s Chief Government and Public Affairs Officer.

TREB has also pointed out to City Council that the current Land Transfer Tax rates are regressive because they force people purchasing below-average priced homes to pay the highest tax rate. Currently, the highest Land Transfer Tax rate kicks in on homes priced over $400,000 for ALL home buyers, considerably lower than the City’s current average price of approximately $570,000 and rising.

“The Home Buying Tax has become more and more regressive as home prices have increased, because its tax rates have not been adjusted with inflation. Someone purchasing a home priced below the City’s average price is being charged the highest tax rate. That’s not right,” said Palmer.

TREB also told City Council that potential new real estate transactions resulting from a reduction in the Land Transfer Tax could help off-set any impact to the City’s budget.

“Potential growth in home sales resulting from a Land Transfer Tax rate reduction could help offset the impact to the City’s budget. Research by the C.D. Howe Institute has shown that the Land Transfer Tax has dampened home sales in Toronto by 16 percent annually. If a Land Transfer Tax rate reduction helps to reduce or reverse this effect, the resulting extra home sales, which may not have occurred otherwise, could generate new off-setting revenue for the City, while bringing more balance into the market,” said Usher.

TREB is encouraging the public to visit www.LetsGetThisRightToronto.ca to tell City Council to do the right thing and phase out the Home Buying Tax. Thousands of Torontonians have already done so.

Source: Toronto Real Estate Board (TREB)

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Downtown Toronto Condos: 438 King St West, The Hudson

438-King-St-West-The-Hudson-Condos

  • 438 King St West
  • The Hudson
  • Condo amenities include 24 hour concierge, visitor parking, gym, Glukenstain Dining Room & Lounge, billiard room, home theatre room , outdoor patio/garden with BBQ area. Walk to Starbucks, groceries, LCBO, Financial/Entertainment/Fashion districts and shopping, Restaurants
  • Walk Score 98, Transit Score 100
  • TSCC/1810
  • Location:  Downtown Toronto, King St West and Spadina.
  • 21 Story Condo Tower
  • Completed 2006
  • Built by Great Gulf Homes
  • M5V 3T9
  • MLS District C01 – Waterfront Communities – C1

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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Downtown Toronto Condos: 8 Charlotte St, Charlie, King St West and Spadina

8-Charlotte-St-Charlie-Condos

  • 8 Charlotte St
  • Charlie Condos
  • Condo amenities include 24 hour concierge, fitness room, spa, yoga studio, billiards room, party room, and rooftop patio. Walk to Starbucks, groceries, LCBO, Financial/Entertainment districts and shopping, Restaurants
  • Walk Score 100, Transit Score 100
  • TSCC/2298
  • Location:  Downtown Toronto, King St West and Spadina.
  • 36 Story Condo Tower
  • Completed 2013
  • Built by Great Gulf Homes
  • M5V 0K4
  • MLS District C01 – Waterfront Communities – C1

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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North York Condos: 85 Skymark Dr, The Classic

85-Skymark-Dr-The-Classic

  • 85 Skymark Dr.
  • The Classic
  • Amenities include an  Indoor And Outdoor Pool, Squash, Racquetball, Tennis, Guest Suites, BBQ area.
  • Walk Score 70, Transit Score 74
  • MTCC/661
  • Location:  North York, Don Mills and Finch.
  • 29 Story Condo Tower
  • Completed aprroximately 1981
  • M2H 3N3
  • MLS District C15 – Hillcrest Village.

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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Downtown Toronto Condos: 400 Wellington St West, King St West and Spadina

400-Wellington-St-West-King-St-West

  • 400 Wellington St West
  • Walk to Starbucks, groceries, LCBO, Financial/Entertainment districts and shopping, Restaurants
  • Walk Score 97, Transit Score 100.
  • TSCC/2230
  • Location:  Downtown Toronto, King St West and Spadina.
  • Built by Sorbara Development
  • 12 Story Boutique Condo Tower
  • M5V 1E3
  • MLS District C01 – Waterfront Communities – C1

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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Downtown Toronto Condos: 25 Oxley St, Glas, King and Spadina

25-oxley

  • 25 Oxley St
  • Glas
  • Walk to Starbucks, groceries, LCBO, Financial/Entertainment districts and shopping, Restaurants
  • Walk Score 100, Transit Score 100.
  • TSCC/2025
  • Location:  Downtown Toronto, King St West and Spadina.
  • 16 Story Condo Tower
  • Completed 2009
  • M5V 2J5
  • MLS District C01 – Waterfront Communities – C1

Steven Campbell, Sales Representative
Forest Hill Real Estate Inc., Brokerage

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