The difference between the sale price and the cost of acquiring a property, including stamp duty and renovation costs, has significantly decreased

​Due to increasing stamp duty rates that have limited the ability to flip property, Hamptons estimates that there were fewer properties sold for gain after being purchased fewer than 12 months before in 2025 than we've seen in the last 10 years.

The difference between the sale price and the cost of acquiring a property, including stamp duty and renovation costs, has significantly decreased since the introduction of the 3% and subsequently 5% stamp duty surcharges on second homes.

While this form of property acquisition can create an additional supply of new homes and provide an opportunity for first-time homebuyers to purchase a home in good condition, at present, stamp duty significantly contributes to total gross profit.

Read the full article here:https://heyor.ca/Gsy2dn

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