When it comes to home improvement, undertaking a full-scale remodel has never been more popular. As land transfer taxes (LTT) make it incredibly expensive to move in Canada, many homeowners are instead choosing to convert their current property into their dream home. While it used to be more common to do some smaller-scale renovations — the kitchen, the bathroom, maybe some flooring — it’s now typical to gut a place to the studs and builds it back up from scratch to get exactly the kind of fixtures, flooring, and layout that you want.
Searching for your dream home in a hot housing market? Looking at skyrocketing sold house prices in Toronto or other major cities would make any perspective buyer a little nervous – and those looking for a family home, with specific needs for kids and parents alike, are likely to feel the pressure the most.