Incoming luxury tax hike may spur home sales in affluent pockets of Toronto
The spring real estate market may come early to Forest Hill, Rosedale, Lawrence Park and other affluent pockets of Toronto as some buyers and sellers sprint to get in front of an increase in the “luxury tax” set to take effect on April 1.
Homeowners may move up listings or strategically set a lower asking price, while buyers may haggle for a reduction in the price they pay, agents say.
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