Durham Region Real Estate Blog

Oshawa residential property assessments have been a hot topic lately, as many people realize that Oshawa has the highest municipal tax rate in the GTA.

The Municipal Property Assessment Corporation (MPAC) has released projections for 2017, and Oshawa assessments will be rising at an average rate of approximately 8.3% in 2017.  The map above shows...

Airbnb has rapidly established itself as a viable alternative to hotels for people seeking short-term rentals in many cities worldwide. It has also become a vehicle for many property owners to secure an excellent return on their real estate investments.

As with other emerging internet-based sharing services (like Uber), it also has downsides...

The new Foreign Buyer property tax that was introduced for the Greater Vancouver Area on August 2 has created a virtual end to foreign purchases there.

What is the Foreign Buyer Tax?

The 15% tax is levied on foreign nationals, corporations or taxable trustees, and is on top of the BC Property Transfer Tax (PTT), and applies to property in the Greater...

What is the Foreign Buyer Tax?

Vancouver recently introduced a 15% land transfer tax on foreign owners in an attempt to cool the ultra-hot real estate market there. It may also be coming to the Ontario market soon, according to a leading CIBC economist.

The tax is levied on foreign nationals, corporations or taxable trustees, and is on top of the BC...

Property tax rates have been dropping consistently across the GTA for over a decade.  

Getting lower?  Did you read that right?

Yes, property tax rates are getting lower!

Why haven't you noticed on your tax bills, then?  In short, the property tax rate (also known as the mill or millage rate) has been dropping as property...

This is an old article - here are the 2024 Durham Region Property Tax Rates.

Here are the property or municipal tax rates for 2016 within Durham Region and the GTA.  I have included Toronto and other places, as many of my clients express frustration at the higher taxes that Durham residents face when compared to the rest of the GTA.

Last year's tax...