Rebate Blog

How will the BoC’s interest rate drop affect home ownership?

You’ve likely heard by now that the Bank of Canada (BoC) dropped its overnight lending rate by 0.25 percentage points to 0.75 per cent. But it might not stop there. With two banks predicting that the BoC may drop its rate further due to the plunging cost of oil, it could benefit house  hunters or […]

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Would you live in a micro condo or home?

Home ownership in Canada is high and it’s no surprise that many Canadians want to own a home. But as housing costs climb, homebuyers are looking into investing in smaller spaces to live. In Surrey, BC, a city within Metro Vancouver, which boasts the second most unaffordable housing market in the world, a developer is […]

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Vancouver named 2nd most unaffordable housing market in the world

If you live in Vancouver and you’re looking to become a homeowner, you may want to consider buying in another city. The annual International Housing Affordability Survey conducted by Demographia named Vancouver as the second most unaffordable housing market in the world. Vancouver comes second to Hong Kong, which has held the title of most […]

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More homes selling for over $1 million

If you want to own a house in Canada, in some markets you might need to put down more than $1 million for the property you want. In four of Canada’s major real estate markets, Toronto, Vancouver, Calgary and Montreal, more homes sold for prices over $1 million, according to a recent report by Sotheby’s […]

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More rental vacancies in Canada’s housing market in October

Canadians had an easier time finding an apartment to rent in Canada’s 35 largest cities during October. The average rental apartment vacancy rate inched up to 2.8 per cent in October from 2.7 per cent the year before, according to the Canada Mortgage and Housing Corporation (CMHC) fall rental market survey. “Overall, this increase in […]

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Housing prices fall for the first time this year

As we move into a slower period of the housing market cycle, the debate rages on over where housing prices are expected to head in the new year: whether they’ll continue going up or if we’re in for a correction. While the average housing price was $413,000, which is a 5.7 per cent jump from […]

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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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