Archive for finance

Most Toronto Real Estate Buyers Confused About HST

Most Toronto real estate buyers are still confused about the Harmonized Sales Tax that was implemented on July 1st. If this headline seems familiar, that’s because a few months back Royal LePage announced the results of a poll they conducted regarding home buying and the HST. Home buyers were confused then, and home buyers are [...]

Being asked to be an estate executor in Toronto

One facet of owning anything in Canada is what happens to your possessions after you die, and this is very true for Toronto home owners. Most Canadians will choose someone to act as the executor of their estate, and if you have been chosen as an executor you should be aware of the lengthy and [...]

Choosing an amortization period on a Toronto mortgage

The amortization period is the length of time it takes to pay off a mortgage. The average amortization period is 25 years, but some are longer and some are shorter. While recent Ontario mortgage rule changes suggested amortization rates would be reduced, it never ended up happening. Choosing an amortization period can be a difficult [...]

Toronto Home Buyers And Sellers Now Face Additional Closing Costs

Now that July 1st, 2010 is past, all Toronto real estate buyers and sellers will have to deal with paying the new HST tax when they buy or sell. But it’s not all bad… for buyers of resale homes, the impact is minimal For sellers the costs will be somewhat higher. Take a look at [...]

Best Way To Save For Your First Home

Use Your RRSP To Generate A Larger Down Payment. Learn how to buy your first home or condo in the Toronto Real Estate Market with a tax refund from Revenue Canada.