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Rebate Blog

Canadians see a buyer’s market on the horizon

It’ been a seller’s housing market for some time, but more Canadians (36 per cent from 33 per cent last year) expect this year will be a buyer’s market. Almost half of Canadians (49 per cent) said it makes sense to buy with the majority of Canadians (37 per cent) believing the housing market is […]

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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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Toronto and Vancouver housing markets see a busy May

Canada’s hottest housing markets continue to see a busy spring with both the Toronto and Vancouver markets showing no signs of slowing down. In May, there were 11,706 sales in Toronto, which is a 6.3 per cent jump from the year before, with sales up for all types of housing, according to the Toronto Real […]

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Low mortgage rates you see advertised aren’t everything you think they are

If you’ve considered taking a dive into the housing market, chances are that you’ve seen the media headlines over the past few months that showed financial institutions dropping their advertised mortgage rates to record lows. Last month, Ontario’s largest credit union, Meridian, caused a kerfuffle when it announced a 1.49 per cent fixed rate mortgage […]

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Shipping container homes tackle Canada’s lack of housing supply

Shipping containers that once sat in junkyards have been given new life as they’re used as the building blocks for homes across Canada. In Canada’s competitive housing market, shipping containers are being used to help offset the lack of supply in some markets and improve affordability by using inexpensive materials. In Vancouver, non-profit Atira Women’s […]

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Overvaluation in the housing market doesn’t mean a housing bubble, says BoC governor

When it comes to discussing Canada’s housing market, there are many different opinions on the amount of overvaluation in our real estate market. A survey by the Economist magazine found that Canada’s housing is 35 per cent overvalued compared to Canadians’ incomes. The International Monetary Fund said Canada’s housing prices are 33 per cent above […]

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Your Landlord Is Selling The Property. Can You Be Forced To Move Out?

If your landlord is selling the property you live in, you have certain rights during the transaction, and you have certain responsibilities. Obviously, as a tenant, you’ll have many questions to ask. When will the sale take place? Can I find a similar residence? How long do I have to make a move? Probably the […]

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GST/HST new housing rebate application for owner-built houses

If you’re a property owner filling out a GST/HST new housing rebate application, it’s important to comply with all the guidelines, and provide all the requisite paperwork. You will be using the GST/HST new housing rebate application if you’ve built a brand new house, or if you’ve made a substantial renovation to your house. How […]

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