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Rebate Blog

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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Brexit and Canadian Mortgage Rates: What’s next?

United Kingdom’s vote to leave the European Union (dubbed ‘Brexit‘) has shocked the world. Frankly, the panic that it has caused has been spreading like wildfire. From David Cameron’s sudden resignation, Nigel Farage’s condemnation of the EU to the real possibility of EU break-ups, Europe’s economy is facing uncertain times. The UK currency, the pound, […]

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Selling or Renting Your House – the Pros and Cons

When the time comes to move out of a house or a condominium, there are some tough decisions to be made. For some, the question of selling a house or renting it may arise. Clearly, there are personal reasons for choosing either, and obviously, every individual has different priorities and aspirations. But regardless, having a […]

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Is the Percentage of Foreign-owned Real Estate in Canada about to Change?

The percentage of foreign-owned real estate in Canada has risen in Toronto and Vancouver in the past year, according to the Canada Mortgage and Housing Corporation (CMHC). The CMHC reported that the amount of foreign investors in Toronto and Vancouver real estate has risen, while the percentage of foreign investors in real estate in other cities […]

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Avoiding Mistakes with Your Ontario HST Rebate Application

Homeowners applying for an Ontario HST rebate can benefit from a cash refund that’s based on the HST paid out on their property purchase. In Ontario, the HST rebate (and the HST rebate on a new condo) are offered if you have built a new home or condo. As long as eligibility has been confirmed, […]

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Types of Homes Eligible for the New Home HST Rebate in Ontario

The Ontario New Home HST Rebate makes it possible for new homebuyers to recover a portion of their HST tax after purchasing a new property. The property must be either a newly built home OR an existing home that has undergone “substantial renovations” (this qualifies under the HST Rebate on home renovations). These Ontario rebates […]

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