Non-Canadians can buy property more easily Certain limitations on foreigners buying residential property were loosened by the government mere months after the new laws went into effect. Residential property can now be purchased by non-Canadians with a work permit or legal authorization to work in Canada. To qualify, they must have at least 183 days remaining […]
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Want to Build on Your Own Land? Here Are Five Things You Can Count On From Your Contractor If you want your custom-built new home in Ontario to be covered by the province’s new home warranty programme, you must hire a contractor or builder registered with the province as a new home builder and seller.
Quick tips for first-time homebuyers How will someone know when it’s “the proper moment” to buy a house? maybe a question you have if you’ve been considering it. Is it still ok to think about buying if you don’t have a 20% down payment saved up? Like any major undertaking, the secret to a smooth
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First-time homebuyer Government incentives and tax credits First-time homebuyers can take advantage of a number of government programmes and tax credits. The Home Buyers’ Plan enables you to access up to $35,000 from your RRSPs ($70,000 for a couple) for a down payment on your first home. If you return the funds to your RRSP within
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What is the real cost of homeownership? Many people who are buying their first house may need to take out a loan. There are costs associated with completing a purchase. These expenses can add up quickly, so it’s crucial to include them. It is not uncommon for there to be additional, unseen costs on top
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