Mar 18, 2023 – Real Estate And Mortgage Insights And Updates
Hello and welcome to my second newsletter of 2023 where we discuss Real Estate and Mortgage insights and updates, particularly in Ontario and GTA. The
Ontario More Homes Built Faster Act
What does it mean? With the More Homes Built Faster Act, up to three residential units are permitted “as of right” on most land zoned
Interest-Free Student and Apprentice Loans
What is it? Once passed and officiated, the act would eliminate interest on Federal loans starting on April 1, 2023. Key Points Important information to
Non-Resident Speculation Tax (Ontario Only)
What is it? For any agreement of purchase and sale that was entered into on or after March 30, 2022, the Non-Resident Speculation Tax (NRST)
Anti-Flipping Tax
What is it? As of January 1st 2023, any profit that is made from the sale of a property which was owned for less than
City of Toronto Vacant Home Tax
What is it? As of January 1, 2023, all properties deemed vacant for more than 6 months during the previous year will be charged a
Specifics of Canada’s Foreign Homebuyer Tax
[29 March 2023 Updates To Canada’s Foreign Homebuyer Ban And Underutilized Housing Tax link here] Further to my Jan 4 post on Canada’s ban on
Jan 6, 2023 – Real Estate and Mortgage insights and updates
Hello and welcome to my first newsletter of 2023 where we discuss Real Estate and Mortgage insights and updates, particularly in Ontario and GTA. In
British Columbia Homebuyer Rescission Period
What is it? As of Jan 3rd, 2023, buyers have a 3-business day period to cancel the purchase and sale contract with no reason required
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