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Mississauga Family Law Facts

• Land Transfer Tax: Toronto has a municipal land transfer tax in addition to the provincial tax. Buyers should be aware of these taxes, which can significantly impact closing costs.
• Condominium Market: Toronto has a thriving condo market. Buyers and sellers need to understand condo regulations, fees, and any specific rules related to condominium ownership and sales.
• Heritage Properties: Toronto has many heritage-designated properties. These homes may have restrictions on renovations and require additional approvals, making legal considerations crucial.
• Zoning Regulations: Toronto's zoning bylaws and regulations can affect property use, extensions, and redevelopment plans. Buyers and sellers should be informed about local zoning rules.
• Multiple Offers: In Toronto's competitive real estate market, multiple offers on properties are common. Understanding the legal aspects of bidding and offers is essential for both buyers and sellers.
• Foreign Buyer Tax: Non-resident buyers face additional taxes when purchasing property in Toronto. Knowledge of these tax implications is crucial for foreign investors.
• Title Searches: Due to the city's diverse property market, conducting thorough title searches and investigations is essential to ensure a clear title and avoid legal issues.