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It's Not Too Late!

   In the Greater Toronto Area, we have seen a steady growth in our real estate market even with a couple of major changes that affected our market place in the last 5 years. One major change was in 2008 which was the additional land transfer tax that buyers paid on properties registered with the Toronto Land Registry Office. Since this is an out of pocket expense, some buyers have steered ...

New Changes With Canada's Mortgage Rules

      Canada's housing financing rules for government-backed insured mortgages are going to be adjusted once again. Yesterday Jim Flaherty announced that these changes are to help hard working Canadians to not become overextended. The 4 new measures below will take effect on July 9th, 2012. Since 2011, the current maximum amortization is 30 years which was ...
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