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Rebate Blog

Should You Purchase the Condo in Toronto You’re Currently Renting?

You’re loving your rental condo in Toronto. It may be because it’s the perfect size, or because of the wide array of amenities, or because of the smile you receive every morning from your concierge. Your rental condo is everything you’re looking for, and more. But, have you considered purchasing your condo? If so, there […]

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Is the Percentage of Foreign-owned Real Estate in Canada about to Change?

The percentage of foreign-owned real estate in Canada has risen in Toronto and Vancouver in the past year, according to the Canada Mortgage and Housing Corporation (CMHC). The CMHC reported that the amount of foreign investors in Toronto and Vancouver real estate has risen, while the percentage of foreign investors in real estate in other cities […]

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Condo in the Suburbs of Toronto as an Investment – Pros and Cons

For residents of Toronto, the sight of new high-rise developments in the form of condos or apartment buildings has been a common sight for the past few years. In fact, Toronto has been the North American leader in high rise projects for the past 3 years, with 130 projects currently underway; that’s more skyscrapers than […]

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Many condo owners buy properties to live in

If you thought many condo owners only buy the property as an investment or buy them to flip them, a recent CMHC survey says otherwise. The second annual Condominium Owners Survey found that among condo owners in Toronto and Vancouver, 83.8 per cent of those surveyed said they own a condo that they live in. […]

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Ontario condo owners will soon have a less expensive way to handle issues

Many condo owners know that when it comes to resolving issues, whether it’s with a developer, a condo board or a condo neighbour, it can become a pricey and timely endeavour with hours spent in court. This may soon change if a new Condominium Authority is created according to the Ontario government’s recently proposed Protecting […]

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Is now a good time to invest in Toronto’s condo market?

The debate rages on as to whether it’s a good idea to invest in Toronto’s condo market, especially when it looks like there may be an oversupply in the market. In the last few years, condo market growth slowed considerably after warnings about the risk of a housing downturn. But recent data now shows that […]

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Recovering Some of the Investment on Your New Home

The Ontario New Home HST Rebate allows homeowners to recoup thousands of dollars that were paid out on HST for a new-built home. This rebate would be especially attractive for homeowners who are experiencing financial constraints during COVID-19. To qualify for the Ontario New Home HST Rebate, claimants must meet certain criteria. To begin with, […]

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HST New Housing Rebate on Pre-construction Homes

Homebuyers considering the purchase of a pre-construction property (or newly built property) are sometimes confused about the HST rebate in Ontario as well as the HST Rebate on home renovations. Because of the confusion, there are myriad questions that arise.  Who actually pays the HST on a new home? How is the HST rebate in […]

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