It’s no surprise that Covid-19 has affected the globe and the mortgage industry is not exempt from this. Job loss, business closure, lack of immigration has all played a role in impacting the housing market.
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Foreign Buyers Tax
On April 20, 2017, the Ontario government introduced the Ontario’s Fair Housing Plan, a 16-point plan to control real estate, address the demand for housing, increase supply, and protect buyers and renters.
3 Tips To Green Your Home For Spring
(NC) Creating a more eco-friendly home and lifestyle is a great goal for the change of season, especially with warmer weather encouraging us to spend more time outdoors. Here are some tips in and around your home to help get you started: Read More
Why this housing tax break is so important Canadians
(NC) For the 70 per cent of Canadians who own a home, it is a place to live, raise our family, and it connects us to our community.
Due to Canada’s tax system’s Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed.
First Time Home Buyers: harness the power of your RRSPs
RRSP (Registered Retirement Savings Plan) season is here!
Use the first 60 days of the year to contribute to your RRSP. You have until March 1st, 2017 to reduce your 2016 income and get a higher tax refund.
Annual Financial Reviews
The holiday season is once again upon us. With decorations filling our homes and our thoughts turning to friends and loved ones, your finances might be the furthest thing from your mind.
Make Your Home Energy Efficient & Put Money In Your Pocket
Energy-efficient homes can increase comfort and promote healthier living, while reducing greenhouse gas emissions and lowering home expenses. Canada Mortgage and Housing Corporation (CMHC) is upgrading its Green Home Program.
Canadian Household Debt Hits Another Record
Canadian household debt ascended to another record in the third quarter, underscoring why policy makers are stepping up efforts to limit the risks of a collapse in the nation’s real estate market.
Down Payment Requirements Increase Feb 15, 2016
Earlier this morning, Finance Minister Bill Morneau made the announcement that the minimum down payment for houses will increase effective Feb. 15, 2016. To see the full announcement, please watch the video by clicking here.