Posted 11.12.12 @ 10:5
If you’ve been thinking about luxury Oakville homes for sale, now is the best time to buy! Soon Toronto homeowners will get a 5.5% property value increase, which is great for people that already own homes... but this will also hike taxes up too. That means that while property values are still skyrocketing in Toronto proper, you’re going to want to make sure you take a look at luxury Oakville real estate! Taxes will remain the same here and you can find many beautiful luxury condos and homes to fit your needs.
Property Values Keep Rising
In Toronto alone, homes have shot up in value over 20% in the last 4 years. Another 5.5% on top of that means you’re paying taxes on an extra 25% of value – value that may deflate when the housing boom is over. No one knows when that might be, but no one wants to be on the end of a housing boom. You need to know that you’re paying what a home is actually worth, not what you hope it’s worth or what the buyer hopes it’s worth.
Some Valuations May be Inaccurate
According to MPAC.ca, all valuations won’t be taxed until 2014 – but they will go into effect in 2013. Some valuations may be inaccurate, but it’s important to know that just because assessed value goes up doesn’t mean taxes will necessarily go up, it’s rated on a case by case basis.
If you happen to be a homeowner that things the value of your assessment is incorrect, you’re going to want to file a request for reconsideration with MPAC (they’ll check over everything for free).
Oakville Homes Have a Lot to Offer
Luxury Oakville homes have much to offer and it’s not hard to see why! Oakville is one of the safest cities in Canada and you’ll love living here. There is a diverse collection of communities to choose from, great schools, great views and everything in between. If you don’t want just a house, but a home, this is the best place to start looking! There is a huge selection of Oakville luxury real estate on the market right now (but not too huge!) and many buyers are looking to Oakville when Toronto turns out to be too expensive. You’ll be able to figure out where you belong, and if not that’s what we’re here for.
Oakville is a great place to live and we’d love to show it to you. Even if you’re not sure what you’re looking for yet, that’s okay! We’ll help you find the right kinds of luxury Oakville homes for sale that will fit your budget and lifestyle. We know all the best places to shop and as your Oakville luxury realtor we’ll work with you to get the best home, not just a house to live in, but a home for whatever you need.