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Rebate Blog

The HST Rebate on New Homes Can Make a Big Difference

The Ontario government has set up an HST rebate on new homes as a means of helping new homeowners with the ever-increasing cost of buying a home. By offering homebuyers an HST rebate on new homes, the aim is to lessen the financial burden for the many first time buyers. The HST rebate on new […]

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House Prices in Toronto Keep Climbing

Across the board (and across the country) real estate professionals agree that house prices in the GTA (Greater Toronto Area) are unlikely to come down from their current high anytime soon. And while everyone has their own set of statistics and data, Toronto home prices have definitely made gains in recent years. Simply put, home […]

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Be careful of fraudulent home renovations

The contractors you hire for your renovation job will make a world in difference in the amount you spend and the quality of the work you receive. We’ve all heard stories of unscrupulous renovators who have done lousy renovation jobs, leaving the homes in ruin, and billing clients for absurd costs. There was a recent […]

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Best real estate deals in Toronto

With recent news that the average cost of a detached house in Toronto climbed to more than $1 million, any homebuyers looking to get into the real estate market may choose to wait to buy a home in hopes that prices will drop. During the first half of March, the average selling price of a […]

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Top 5 best real estate deals in Canada

If you’re an investor looking to get into the real estate game, you may be torn about whether now is a good time to buy a property and whether you’ll be able to get it at a good price. It’s no surprise this is a when you keep hearing media reports about the price of […]

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What happens if you don’t qualify for a bank mortgage?

As houses get more expensive with the average price of a detached home in Toronto reaching a new high of $1 million, more homebuyers may be forced to take on mortgages through subprime loans to enter the housing market. A subprime loan is an option for people who don’t qualify for loans under the prime […]

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How to Claim the GST/HST New Housing Rebate

In Ontario, it’s possible to claim the GST/HST new housing rebate when purchasing a new home or condominium from a builder. This new housing rebate is also available when hiring a builder to construct a new home. Like many government-supported incentives, the new housing rebate can get confusing and complicated when trying to accommodate all […]

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Condo Flippers Must be Vigilant With Their Real Estate Transactions

Condo flippers should understand what defines a real estate flip Be aware “condo flippers” if you’re planning to sell a condo that you’ve recently bought as an investment, be aware that CRA is watching carefully – especially if you’ve never moved in. Indeed, CRA has become ever more watchful when it comes to reporting capital […]

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