Navigating Toronto's 2025 Vacant Home Tax In Episode 74 of the Toronto Living's podcast, Mark Savel and Joey Virgilio discuss the latest updates to the Toronto Vacant Home Tax, including the critical 2024 declaration requirements and significant changes to the tax rate. They highlight the importance of declaring your property's status, the impact of the tax increase from 1% to 3%, the exemptions available, and the necessity for all property owners in Toronto to comply. The episode also features their recent food adventures, including a visit to Burger Drops and a recap of Marks trip to Buffalo, NY. Additionally, they touch on their latest real estate listings and transactions, providing valuable tips for both buyers and sellers. Tune in for all the essential details every Toronto property owner needs to know about the Vacant Home Tax for 2024. Podcast Episode Breakdown (00:00) Introduction and Episode Overview (00:13) Vacant Home Tax Announcement (00:47) Podcast Introduction and Hosts (01:15) Casual Catch-Up and Personal Updates (03:03) Food Adventures and Reviews (06:12) Buffalo Trip Highlights (13:39) Current Real Estate Listings (17:27) Vacant Home Tax Deep Dive (24:53) Speculations and Initial Reactions (25:08) Understanding Property Tax Assessments (25:37) Calculating Your Vacant Home Tax (26:33) Exemptions and Special Cases (27:30) Declaration Process and Deadlines (30:17) Principal Residence and Vacant Home Tax (32:58) Exemptions Explained (38:57) Change of Ownership and Responsibilities (42:32) Final Thoughts and Summary (44:10) Shoutouts and Closing Remarks Show Notes Vacant Home Tax Toronto Portal: https://www.toronto.ca/services-payments/property-taxes-utilities/vacant-home-tax/ Toronto Vacant Home Tax 2024-2025: Complete Guide & Important Changes: https://www.torontolivings.com/toronto-vacant-home-tax-2024-2025-complete-guide-important-changes For the Best Pizza in Buffalo: La Nova https://lanova-pizza.com/ 5151 Main St. Williamsville, NY 14222 Phone: (716) 634-5151 Bar-Bill North Address: 8326 Main St, Williamsville, NY 14221, United States Phone: +1 716-710-9464 Menu: barbill.com Burger Drops Address: 116 Atlantic Ave, Toronto, ON M6K 1X9 https://www.burgerdrops.com/ Where You Can Find Us 🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/ 🖥️ Instagram Mark Savel: https://www.instagram.com/torontolivings/ Joey Virgilio: https://www.instagram.com/joey_torontolivings/ 🎙 Weekly Podcast https://podcasters.spotify.com/pod/show/toronto-real-estate

Join Mark Savel and Joey Virgilio in Episode 73 of the Toronto Livings Podcast for a comprehensive market update, focusing on the exciting stats and trends from October. They discuss a surprising jump in home transactions and prices, share insights on the city's real estate landscape, and celebrate Joey's birthday with a rundown of all the food spots visited, including experiences from Mars Diner and Sugo. Get ready for some laughs, references to popular social media trends, and a deep dive into the local housing market. Don't miss the important reminders about the vacant home tax declaration and a special shoutout to various places and events! Chapters (00:00) Market Update: October's Numbers (00:14) Joey's Birthday Bash: Food Adventures (00:49) Toronto Living Podcast: Hosts Introduction (01:28) Market Stats: October Insights (02:37) Call to Action: Engage with Us! (04:20) Birthday Week Recap: Joey's Food Journey (07:04) Comedy Night: Improv Fun (08:49) Food Extravaganza: Mars Diner and Sugo (11:54) Costco Adventures: Double Chocolate Chunk Cookie (17:25) Vacant Home Tax Reminder (22:45) Superb Acting and Character Building (23:22) Filming Locations in Toronto and Hamilton (23:43) Donald Trump's Origin Story (24:45) Market Overview: Toronto Showing Signs of Life (25:17) Spring Market Revival (25:31) Sales and Inventory Analysis (27:01) October Transactions and Price Trends (39:21) Impact of New Mortgage Rules (42:09) Months of Inventory Breakdown (46:39) Shoutouts and Closing Remarks Shoutouts Restaurant name: Mars Diner Website: https://www.facebook.com/marsuptown/ Location: 2363 Yonge St, Toronto, ON M4P 2C8 Restaurant name: Casa Portuguesa Location: 180 Bentworth Ave, York, ON M6A 1P7 Restaurant name: Sugo Website: http://www.sugotoronto.com/ Location: 1281 Bloor St W, Toronto, ON M6H 1N7 Where You Can Find Us 🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/ 🖥️ Instagram Mark Savel: https://www.instagram.com/torontolivings/ Joey Virgilio: https://www.instagram.com/joey_torontolivings/ 🎙 Weekly Podcast https://podcasters.spotify.com/pod/show/toronto-real-estate

In this episode of the Toronto Living's podcast, Mark Savel and Joey Virgilio, realtors with Sage Real Estate, dive deep into the intricacies of condo status certificates. They break down the critical components, including checking the legal numbers, parking, maintenance fees, reserve funds, legal proceedings, and insurance. The hosts also discuss the importance of using experienced real estate lawyers for thorough reviews. Additionally, Mark and Joey share personal stories, recommended eateries like Paris Bakery, and celebrate Joey's 33rd birthday with a surprise treat. Don't miss out on the valuable insights for condo buyers and fun moments from Episode 72! Chapters (00:00) Imaginary Cap and Dream Condo (00:32) Introduction to Status Certificates (00:59) Podcast Introduction and Hosts (01:44) Bruce Springsteen and Listener-Inspired Episode (03:28) Food Adventures and Shoutouts (06:16) Sound Bath Experience (08:18) News You Can Use: Renoviction Bylaw (11:30) Joey's Birthday Surprise (13:54) Deep Dive into Status Certificates (21:05) Understanding the Seller's Financial Status (22:19) Importance of the Reserve Fund (23:31) Special Assessments and Their Impact (29:36) Legal Proceedings and Claims (34:01) Agreements with Other Buildings (34:59) Leasing of Units and Insurance (37:33) Reviewing the Status Certificate (41:35) The Role of a Real Estate Lawyer (45:37) Conclusion and Final Thoughts Where You Can Find Us 🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/ 🖥️ Instagram Mark Savel: https://www.instagram.com/torontolivings/ Joey Virgilio: https://www.instagram.com/joey_torontolivings/ 🎙 Weekly Podcast https://podcasters.spotify.com/pod/show/toronto-real-estate