Tag Archives: legal

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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Title Insurance

Title insurance is usually an afterthought for people getting a mortgage. But it’s becoming more of a decision point since so many lenders now require it. The purpose of title insurance is to protect you if there’s a problem with … Continue reading

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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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Many people new to an area choose to rent first while they decide whether the location is right for them or while they save up for the downpayment on their house. Finding a suitable rental can be nearly as trying … 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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Competition Consent Agreement

There has been a lot of reporting about the new changes to the way the real estate market will operate in Canada with the acceptance by Canadian Real Estate Association (CREA) of the Competition Consent Agreement. This agreement states that … Continue reading

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