With HST tax coming into effect July 1st, many new home owners are wondering what exactly will be affected, and what won’t. Many household items that were previously subject to 8% provincial and 5% federal tax will now simply switch over to the 13% HST, and consumers will incur no additional costs. However, some items [...]

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Two thirds of Ontario buyers will be unaffected by new HST , big ticket homes subject to increase

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  When life delivers an unexpected blow – like a serious illness, a marital separation or loss of employment – it can be difficult to stay on track. Sometimes, it can even put your ability to make your mortgage payments at serious risk. This scenario shouldn’t mean that your home, and everything you’ve worked so [...]

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  Greater Toronto Area homebuyers will absorb an exorbitant share of the whopping $800 million tax increase on new homebuyers across the province under the Provincial government’s harmonized sales tax (HST), which could threaten up to 21,200 jobs, a new report released by the Building Industry & Land Development Association (BILD) revealed today. The report, [...]

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(NC)-When’s the last time you thought about your mortgage? Do you know your rate? Do you know when your term is up for renewal? Do you know what happens if you don’t renew your mortgage? Many Canadians don’t. It’s no wonder when it comes time to renew a mortgage, many people fall into the auto [...]

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TORONTO, March 26 /CNW/ – Ontario’s REALTORS(R) say the McGuinty governments plan to harmonize the GST and PST will add over $2,000 to the cost of a real estate transaction, hurting the resale home market and prolonging the housing industry’s recovery from the current economic downturn. “Now is not the time to be erecting barriers [...]

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As the price of energy continues to rise, homebuyers are becoming more conscious of the energy efficiency of their potential home. Today, more options exist to buy an energy efficient abode than ever before. The growing demand for energy efficiency has led homebuilders to accommodate these requests by building more R-2000 standard homes. What is [...]

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