Understanding Ontario’s Real Estate Boom – Presentation by Craig Alexander
On Wednesday, September 27th, we had the privilege of attending a presentation given by Craig Alexander, the Senior Vice-President and Chief Economist at the Conference Board of Canada. For a bit more insight into the Conference Board and Mr. Alexander’s background, click here. The subject of the presentation was ‘Understanding Ontario’s Real Estate Boom.’ We […]
Changes to Mortgage Rules & the Primary Residence Capital Gains Exemption
Tidbits on changes to mortgage rules and the primary residence capital gains exemption. In October, the federal government announced changes to the guidelines for borrowers of high-ratio mortgages. Let’s first look at the difference between a high ratio insured mortgage and conventional or low ratio non-insured mortgage. An ‘Insured Mortgage’ is one where a home […]
Implications of the New Mortgage Regulations
In an announcement from TD Economist Diana Petramala, the implications for the Ontario market are less significant due to booming demand and tight inventories. Here’s a synopsis of her comments: With demand weakening, the national sales-to-listings ratio came down more than 3 points to 59.6 in the month, tipping the national market back into balanced territory. […]
Tips for Toronto Living
Check out this short and informative video from the Toronto Real Estate Board for some useful tips. Toronto Living – Homeowners Kit for Energy Ideas and Savings
New Minimum Down Payment Rules Effective February 15, 2016
This past December, Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance. Effective February 15th, the minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000. The minimum down payment will remain at 5% for homes with a purchase […]
2016 Water & Wastewater Rates for Halton Region:
Interested in learning more about the 2016 water and wastewater rates for Halton Region? For details use the link below to view the water & wastewater rate card published by Halton Region for 2016. 2016 Water & Wastewater Rate Card for Halton Region