The Ontario Government has changed the rules governing the Land Transfer Tax that must be paid on the purchase of land in the province of Ontario. For many years, non-Canadian residents were charged a 20% Land Transfer Tax on agricultural and recreational properties while Canadian residents were charged about 1%. Now foreign residents pay the same tax as Canadian residents.

This initiative means that vacation property in Ontario will cost foreign residents about 19% less than it did a year ago. On a typical cottage purchase of $750,000 (Canadian dollars), the 20% Land Transfer Tax would have added $150,000 to the purchase price. The cost to foreign residents would have been $900,000. The Canadian resident would have paid only an additional $11,475 for a total of $761,475, a difference of $138,525.

Save $138,525 or more on a sound investment Muskoka vacation property.

As the Canadian economy continues to grow, we expect the cost of Muskoka real estate to continue to rise. Have you and your friends, relatives, or business associates spoke about owning vacation property in Muskoka?

Now is simply the best time in years to invest in a Muskoka waterfront vacation property.

As a waterfront specialist, having lived and worked in Muskoka almost all of my life, I have extensive knowledge of the waterfront properties on Lake Muskoka, Lake Joseph and Lake Rosseau and can assist my clients in finding the property that meets their specific needs. My knowledge, unique marketing plan and many referrals have allowed me to sell tens of millions dollars in property since 1994.

Please call, write, or e-mail me. I will send a complete package of information on all that Muskoka has to offer, a large map of the lakes in the area, and a selection of vacation properties (including photographs) that meet your criteria.

All inquiries are treated as strictly confidential.