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After just 86 days, Canada quietly reversed sections of its foreign buyer ban

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After just 86 days, Canada quietly reversed sections of its foreign buyer ban After hours of enforcement, Canada’s restriction on sales to the foreign buyer should be relaxed. The nation discreetly eased limits on non-resident investors and temporary residents only 86 days after adopting limitations on non-resident purchasers. The prohibition was probably only a diversion […]

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What You Should Know About the Toronto Vacant Home Tax

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What You Should Know About the Toronto Vacant Home Tax The Toronto Housing Affordability Task Force has proposed a new 1% vacant home tax that could go into effect as soon as the beginning of 2022. The Toronto City Council voted in favor (24-1) in December to implement the tax levy on vacant homes in

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Condominium homeowners

Three common components tips for new homeowners

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Three common components tips for new homeowners The convenience of having a low-maintenance lifestyle is a major selling point for a condominium for homeowners. Not to bother about yard work, gardening, or pressure cleaning the driveway. Yet, this does not give you the licence to disregard the shared spaces in your building completely. Discover the

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How To File A Warranty Claim And What You Can Anticipate

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How To File A Warranty Claim And What You Can Anticipate There has been a recent surge in the population of small towns in Ontario’s rural areas. More and more people migrate there from the city’s crowded core. The pandemic has helped to speed up this migration, as telecommuting has already proven to be an

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Three Improved Ways to Understand Your Warranty

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Three Improved Ways to Understand Your Warranty Purchasing a home in the pre-construction phase can be a thrilling adventure. In addition, it may be quite lengthy. Your move-in date may be months or even years away from the time you sign the purchase agreement. The Ontario New House Warranty Program affords you certain guarantees as

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Can I Have A New Home Warranty Even If It’s Not New?

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Can I Have A New Home Warranty Even If It’s Not New? Did you buy a previously owned house recently? A new home warranty may still be in effect if the home is less than seven years old. For the most part, Ontario’s new construction warranties cover a period of seven years. A fact that

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Reasons a robust labour market could affect your mortgage interest rate

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Reasons a robust labour market could affect your mortgage interest rate Over the past year, Canada’s job market has been red hot thanks to the country’s booming economy and the easing of pandemic lockdowns. Statistics Canada’s most recent data confirms this trend. In December, the national employment rate rose by 0.5% from November (representing an

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Is it necessary to pay Toronto’s new vacant home tax?

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Is it necessary to pay Toronto’s new vacant home tax? The new Vacant Home Tax in the City of Toronto has begun to be levied against homes in the city. Unless exempted, the tax is levied on dwellings that were unoccupied for more than six months in the preceding calendar year. Many unwary homeowners may

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Toronto Residents Are Leaving At Record Rates, Immigration Overtakes Growth

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Toronto Residents Are Leaving At Record Rates, Immigration Overtakes Growth There has been a dramatic increase in population in the Greater Toronto Area, but that growth may be levelling out soon. According to Stat Can data from the year 2022, the population of the Toronto CMA was soaring. When we look at the data more

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