Toronto’s housing market never stops moving. Here’s your quick, easy-to-digest guide to what every buyer, seller, landlord, and tenant needs to know.
Don’t Forget: Vacant Home Tax - File by April 30th
If you own a property in Toronto that was vacant for more than six months last year, the Vacant Home Tax return is due soon. Filing is required, even if your home was rented or exempt - no surprises at tax time!
File your Vacant Home Tax here
Luxury Home Transfer Tax (Toronto) - Starting April 1, 2026
Buying a high-value home in Toronto? The Municipal Land Transfer Tax (MLTT) is getting an update. Homes over $3 million will face higher tiered rates, with the steepest increases for properties above $20 million. Planning your purchase now? Closing dates matter.
First-Time Home Buyer GST/HST Rebate (Proposed)
Planning your first home? The government has proposed an expanded GST/HST rebate, making more new homes eligible and increasing the rebate amount. Important: This is not yet in effect - it will only be available once the legislation passes.
Mark Your Calendar: January 28 - Interest Rate Announcement
The Bank of Canada will announce its next interest rate decision on January 28. Whether you’re buying, selling, or refinancing, this update can impact mortgage rates — a key factor in planning your next move.
Bank of Canada – Key interest rates
Ontario Rental Property Tax Incentive (2026)
Landlords and investors, take note: starting in 2026, Ontario municipalities can reduce property taxes on eligible affordable rental units by up to 35%. This is a great incentive to build or maintain rental housing while helping the city’s housing supply.
Let’s Make Sense of the Market
The Toronto market is always moving and the noise can be overwhelming. We cut through the headlines and focus on what actually matters, helping you move forward with clarity and confidence. See how the 2025 market really ended, based on the numbers on our January 2026 Market Insider Report.
