Down Payment Changes: February 14/16 will be the last day that applications will be accepted before the new down payment changes come into effect. If you’re planning on buying a home for $500,000 or more, don’t wait to get your financing in order. If you have questions about this, contact me today for more details. […]
mortgage financing
Watch Out for an Extra Land Transfer Tax!
The Ontario Ministry of Municipal Affairs & Housing is seriously considering extending the Land Transfer Tax to municipalities. This would mean a double land transfer tax on the purchase of a property. This was implemented in Toronto in 2008. It works out to an extra $10000-15000 on a home priced about $450000. If the Liberals […]