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  • October 10, 2016
  • housing market, mortgage rules

Hot Toronto real estate market means paying more, new mortgage rules could give you less buying power

In this hot Toronto real estate market where every penny counts, some buyers could find themselves with less borrowing power because of new mortgage rules set to take effect within two weeks. Ottawa tightens mortgage requirements Want a detached house in Toronto? You need $1.29M As of Oct. 17, more mortgage applications will undergo a “stress […]

  • October 7, 2016
  • mortgage rules, taxes

How principal-residence tax changes will affect every Canadian homeowner

Earlier this week, Finance Minister Bill Morneau introduced tax changes that were aimed primarily at foreign investors in Canadian real estate to ensure they abide by our existing tax rules. But the changes also catch many Canadian residents who, in the past, have often inadvertently escaped paying tax on their principal residences. The tax rules […]