13 June 2013

Looking for a new home in GTA – get ready for lots of fees and taxes

According to the recent report by the Building Industry and Land Development Association (BILD), new homebuyers in GTA today have to face a huge list of governmental fees. Actually, the fees stand for average 23% of the total home price.

In other words, if you want to buy a single-detached home in the GTA, it bears about $118,400 in the government fees and taxes…

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