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Posts Tagged: First Time Home Buyer

October 2017 Market Watch

October was an incredibly interesting month for the GTA’s real estate market. The Toronto Real Estate Board (TREB) just recently released the housing statistics for last month. For your convenience, we have summarized the most important points here, but if you’d like more information, you can see the full report at the TREB website here. If… Read more »

Fall Maintenance Checklist

Fall is officially here, and it is the perfect time to take care of both the little and not-so-little things in your home that need attending to. By doing this you’re preparing your home for the colder weather around the corner which can help you save time and money in the future.   Clean out… Read more »

Canada’s New Mortgage Rules

A few days ago the Office of the Superintendent of Financial Institutions (OSFI) released changes to its mortgage rules. Let’s talk about how it will affect affording a home from next year onwards. The changes require borrowers to undergo a “stress test” in order to make sure they will be able to withstand higher interest rates. Previously,… Read more »

September 2017 Market Watch

For this month’s episode of Market Watch we will be talking about what the September market looked like. The Toronto Real Estate Board (TREB) released their market watch report for the last month and we’re going to discuss the numbers. 2017 is almost over, with roughly three months to ago. In contrast to last month… Read more »

Fall Home Decor

Color Contrast Using a minimum of two contrasting colours you can create a big impact with your fall display. Use a blue colored vase that complements the color of the leaves you use. This makes the leaves stand out and adds more interest to the room. You can even use colors like purple or green… Read more »

August 2017 Market Watch

For this month’s episode of Market Watch we will be talking about what the August market looked like. The Toronto Real Estate Board (TREB) released their market watch report for the last month and we’re going to discuss the numbers.   We’re through most of 2017, and we’ve witnessed quite a few fluctuations in the… Read more »

Toronto Land Transfer Tax Changes

  The City of Toronto has approved changes to the Toronto Land Transfer Taxes, increasing the costs associated with the tax. This affects those whose closing dates are on March 1st or later. Added an additional LTT of 0.5% of the value of a residential or non-residential property from $250,000 to $400,000 (an additional $750)… Read more »

Land Transfer Tax Refunds for First-Time Homebuyers

First time homebuyers are eligible for all or part refund of the land transfer tax. As of recent, the refund amounts are now a maximum of $4000, which is double the previous maximum of $2000. In order to qualify, a list of requirements have been constructed: The purchaser must be at least 18 years of… Read more »

USEFUL INFORMATION FOR FIRST TIME HOME BUYER’S

A few weeks ago I held a first time home buyer’s seminar.  A lawyer, a mortgage advisor, an inspector and I talked about some of the important things first time home buyers should have knowledge of prior to purchasing, and I just thought I would share some of that information with you. ADVANTAGES OF BUYING… Read more »