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Rebate Blog

What to look out for when buying a preconstruction home

With many new condos and houses being built all over the country, a homebuyer may want to get in on the action by buying a pre-construction home. Whether you’re drawn by the fact that you can customize your home since it’ll be built especially for you or you’re looking for a longer amount of time […]

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Ever heard of a skinny home?

When it comes time to buy a home, you’ve probably heard of townhouses, condos, duplexes, triplexes, semi-detached or detached homes. But chances are, you probably haven’t heard of a “skinny home” or a “thin home” before. Recently, a skinny split-level home on West 15th Avenue in the Point Grey neighbourhood in Vancouver sold for $1.35 […]

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Bill proposed for greater transparency of Tarion’s builder records

The Government-created corporation protecting new home buyers, Tarion, may become more transparent if recently proposed legislation passes. In December, Queen’s Park tabled a bill that would require the private corporation to provide details about home builders and their track records. The Tarion Accountability and Oversight Act bill was tabled by NDP MPP Jagmeet Singh. It […]

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Wood-frame building codes changing across Canada

The case for building taller wood-framed buildings is gaining traction with provinces and cities adapting their building codes to allow for taller wood structures. Most recently, Calgary announced a change to its rules allowing for six-storey buildings with wood frames, an increase from four-storeys. City planners hope this will encourage developers to build more mid-rise […]

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Maintain your new home to preserve its value

When we buy a home, we hope that it’ll be a great place to live. But we also hope to own a property that will see its value appreciate over time and become a nice retirement nest egg when the time comes. It’s important to maintain your property so it’ll help you achieve the retirement […]

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How to choose a builder for your home

If you’re looking to buy a preconstruction home, the process is slightly different than buying resale. You’ll have the floor plans to help you decide whether the home’s layout is suitable for your needs and by visiting the builder’s sales centre they can walk you through more details of what the finished product should look […]

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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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