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Rebate Blog

Ottawa considering tactics to intervene in housing market

The Bank of Canada’s recent move to drop its overnight lending interest rate by 0.25 per cent has many talking about its effect on the housing market. Soon after the drop was announced, Canada’s banks swiftly followed with prime lending rate cuts of 10 or 15 basis points which left rates at 2.7 per cent. […]

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Detached houses in Toronto continue to rise in price

The city of Toronto set a new record for home sales in June. Last month, 11,992 homes were sold, which is an 18.4 per cent increase from the year before. The housing price for all the types of homes sold went up and the average selling price of a home within the GTA rose to […]

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A property’s past could come back to haunt you

If you live in a city with a hot housing market, any property that’s being sold at a reasonable price could catch your eye. While you may want to jump on offering a bid before it’s scooped up, take some time to research the property before doing so since there may be more than meets […]

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Housing affordability remained the same thanks to regional trends

Housing affordability improved in some cities during the first quarter of 2015, but it was offset by rising unaffordability in other cities. The national affordability of three types of housing (condominium apartments, two-storey bungalows and detached bungalows) saw little change, according to RBC’s recent Housing Trend and Affordability report. Owning a condo became more affordable […]

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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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Should you hire a designer for your home renovation?

For some people looking to do a home renovation, they may be unsure of how a designer can help. A designer can help homeowners plan out their renovation with drawn up plans and specifications. You’ll want to choose someone who’s familiar with designing renovations and willing to collaborate with the contractor doing the work. If […]

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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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