Category Archives: Financial

Land Transfer Tax

When you buy land, or an interest in land then that purchase is liable for Land Transfer Tax.  The amount owing is dependent on the value of the property and for most purchases  (ie. land with a single family dwelling … Continue reading

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Renting while saving downpayment to buy?

There are many reasons to rent. If you are renting because you are new to an area and want to check out the different neighbourhoods before purchasing your home, or perhaps you are in a job that has a short … Continue reading

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Downpayment for a Mortgage

A question I am regularly asked is “How much money do I need to put down?” This article from the Globe and Mail does a great job explaining the issues and the options available to potential home buyers with limited … Continue reading

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Higher Mortgage Rates?

TD Economics published a Special Report on the Canadian mortgage market last month (September 2012). TD says that higher mortgage rates will be necessary to ensure sustainability for the housing market. Click here to read the report.

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New Mortgage Rules

As expected we heard yesterday (June 2012) from the Department of Finance on some  further clamping down on the Canadian mortgage market. I have attached an article below with the details but here are the hi  lites. -For mortgages when … Continue reading

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Buyers Guide to Purchasing a Home

The attached document provides a description of the home buying process and answers many of the more frequently asked questions. Home Buyers Guide      

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Mortgage for New Arrivals

Many new arrivals to Canada prefer to rent for the first year or so to be sure that they have selected the right neighbourhood for their family. But there are some, who just know right from the start that they … Continue reading

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Fixed Rate or Variable Rate……has the choice become easier?

The age old question facing consumers, do I take a fixed rate or variable rate……and a similar dilemma facing mortgage brokers as their clients ask them for advice on which option to take. We all know it depends on the … Continue reading

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New Mortgage Rules

The Canadian government announced new Mortgage rules today (January 17th 2011). The new rules are intended to prevent the Canadian housing market from suffering the same problems that has led to the recent financial crises in many other countries. The … Continue reading

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Buyer’s Protection Plan

How do I sell my home in this uncertain market?              When markets shift into a situation that favours buyers, where many listings are competing for fewer and fewer buyers, sellers become anxious about receiving a fair price for their home. … Continue reading

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