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Rebate Blog

Wondering About New Home Rebates in Ontario?

Sometimes referred to as new housing rebates, new home rebates in Ontario are available to those who purchase a new home or condo directly from a builder, or who hire a builder to build a new home. In Ontario, the HST rebate is often assigned to the vendor on closing. This rebate then allows the […]

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Some Condominium Purchasers Could Lose Their HST Rebate

In today’s real estate landscape, it’s not uncommon for a condo purchaser to purchase in June and close even one year later. It’s also not uncommon to have a time gap between the closing date and the move in date. So much so, that a buyer might decide to rent out the property prior to […]

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Many Realtors are Predicting a Leveling Out of the Housing Market

Many realtors are predicting that Canada’s real estate boom will be slowing down in 2017, with predictions that the New Year will bring with it modest sales gains compared to years gone by.  Even the Canadian Real Estate Association forecasts 2017 as the year when the home market will level off. And while Toronto and […]

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How to Understand the Fine Print of HST Home Rebates

A great many homebuyers, including those with plenty of experience, get quickly confused when dealing with HST home rebates. There’s a lot of fine print, and more than enough to understand. The problem, of course, is the risk of missing something, or overlooking an important provision. This could well cost the homebuyer many thousands of […]

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Did You Purchase a Condo as an Income Property? You Might be Eligible for a Significant HST Rebate

If you’ve made a purchase of a brand new condominium from a builder, you might qualify for an HST Rebate of up to $30,000. For those who plan to use the condo as an income property, thereâ’s an opportunity to claim a rebate through the government’s HST Rental Rebate Program. With the right documentation in […]

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Five Signs Your Home Needs a Renovation

Living right starts at home. Your home is the most important place in your life; your home condition impacts your moods, health, and activities directly. For this exact reason, taking care of your home is a must. Your home is comparable to your body, it needs regular check-ups and occasional extensive examinations. When it is […]

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How to Get Money Back on Your Summer Renovations

With the summer fast approaching, it’s the perfect time in Ontario to get started on home renovations, including demolitions, remodels, and annexes. Whenever you’re starting a large home project that involves tearing down a significant portion of your property, the immensity and costs of the remodel can be understandably overwhelming. But with the Ontario New […]

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The 2022 Budget & HST Rebate in Ontario

Recently, Ontario’s 2022 budget was announced, revealing changes to how HST (Harmonized Sales Tax) will be applied to assignment purchases of pre-construction condos, homes, townhouses. For those who will be closing on assignment sales of residential properties in Ontario, the budget announcement has created confusion regarding how taxes will be applied to property purchase. With […]

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