Rebate Blog

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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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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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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Housing affordability worsens at the end of 2014

Housing in Ontario continued to go up in price, which contributed to homes becoming more expensive for homebuyers at the end of last year. A detached bungalow cost Canadians 42.7 per cent of their pre-tax income at an average price of $402,700 during Q4 of 2014, while a two-storey house cost Canadians 48.1 per cent […]

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Where is the housing market headed?

With oil prices taking a hit and low interest rates available, it’s no wonder homeowners and homebuyers are apprehensive about how these changes will affect the housing market. In Alberta, a province where oil is a major economic driver, there was signs of panic, especially in Calgary’s luxury real estate market, according to the Globe […]

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Ways to Reinvest Your HST Residential Rental Property Rebate

The New Residential Rental Property Rebate (also known as the NRRP Rebate) is made available to landlords and property owners who meet the guidelines specified by Canada Revenue Agency. The NRRP Rebate is available only to property owners who have paid the HST on a property purchased to be used as a residential rental property. […]

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How the HST Housing Rebate Can Help You Own a Home

If you’re planning to build a new house, or planning to make substantial renovations on an existing house, you could qualify for Ontario’s HST housing rebate. You’ll need to comply with CRA rules and regulations and provide all of the supporting paperwork for the rebate claim. In addition to owner-built homes, the HST housing rebate […]

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