Congratulations, you bought your first house! You may have spent months, or even years searching for the perfect property, followed by a few weeks gathering documents for your mortgage financing, home inspection, and home insurance. Everything … Read More
It’s been a slower couple of years for house sales in the Greater Toronto Area; demand for higher-priced detached options struggled after the Ontario Fair Housing Plan was announced in April 2017, and then tighter mortgage … Read More
The Home Buyers’ Plan (HBP) is a federal government program that helps first-time buyers purchase their first home. As a first time home buyer, you can borrow up to $35,000 from your RRSP to use toward … Read More
The first-time homebuyers’ tax credit allows you to claim back $750 on your tax return after buying your first home in Canada. Here’s what you need to know.
Confusingly, a townhouse can refer to very different property types in Canada. Most of it has to do with ownership. You own an entire freehold townhouse, also known as a row or attached house. Whereas with … Read More
Property prices grew steadily this December across Canada, past the rate of inflation. Benchmark prices rose 3.4% in the last 12 months to $643,700 in the 19 markets the Canadian Real Estate Association (CREA) tracks. (CREA … Read More
December was the best month all year for the Toronto housing market in terms of price growth. Property prices in the 416 continue to skyrocket – up 12% from December 2018 to $837,788. “As anticipated, many … Read More
For people who can’t borrow enough to afford a home, having someone co-sign a mortage can help. However, co-signing a mortgage can be risky… here’s why.
With rising prices, million dollar homes are becoming the norm – as are million dollar mortgages! Let’s see if you can you afford a million dollar home.
Canada’s housing market is well on the road to recovery after hitting a slump in late 2017 through 2018 due to government intervention and a new mortgage stress test. November figures from the Canadian Real Estate … Read More