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HOW TO PREPARE YOUR OUTDOOR SPACE FOR SUMMER

HOW TO PREPARE YOUR OUTDOOR SPACE FOR SUMMER

In summer, outdoor spaces can become extensions of our living space. If you have a garden or patio, adding some comfortable furniture, sources of light and other outdoor accessories can help transform your outdoor space into an inviting place to relax and unwind. Here is our list of outdoor living essentials that you need to […]

IMPORTANT INFORMATION FOR BUILDERS, VENDORS, CONSUMERS, AND  OTHER ONTARIO NEW HOME INDUSTRY STAKEHOLDERS

IMPORTANT INFORMATION FOR BUILDERS, VENDORS, CONSUMERS, AND OTHER ONTARIO NEW HOME INDUSTRY STAKEHOLDERS

February 1st, 2021, The Ontario government established the Home Construction Regulatory Authority (HCRA) to enhance the professionalism of the new home building industry in Ontario and to increase consumer protection.   The establishment of a separate regulator for new home builders and vendors will ensure that new home builders and vendors are held to professional standards and […]

What Landlords and Tenants need to know about Bill 184

What Landlords and Tenants need to know about Bill 184

On March 12, 2020, Ontario’s Minister of Municipal Affairs and Housing introduced Bill 184, proposing the new Protecting Tenants and Strengthening Community Housing Act.   The new legislation officially passed on July 22, 2020, and received Royal Assent. The changes will apply retroactively to March 17th, 2020. The legislation, which updates the Residential Tenancies Act, 2006 […]

TIPS ON STARTING YOUR OWN HOME VEGETABLE GARDEN

TIPS ON STARTING YOUR OWN HOME VEGETABLE GARDEN

Tips On Starting Your Own Home Vegetable Garden Have you ever considered starting your own garden? With summer finally here, there’s no better time to do so than now! It can be a daunting task at first but it’s not that bad once you get a start on it. If you’re still debating whether or […]

What you need to know about Home Inspections

So you’ve fallen in love with a new home and have decided to make an offer. But before you do, speak to your real estate agent about getting a home inspection. Having a professional home inspector go through the property and assess its current condition will give you a better sense of whether you want […]

Condominium Occupancy Fees

Condominium Occupancy Fees

Whenever you purchase a new condo, there is a period of time between when you take occupancy of your unit and when you take ownership of your unit. This is known as the ‘occupancy period’ or ‘interim occupancy’. During this period you will be requested by the developer to pay occupancy fees or ‘phantom rent’ […]

Claim Your First Time Home Buyers Tax Credit

Did you buy your first home in 2019? If so, the Federal Government has a program that just might put $750.00 back in your pocket, or half of that, if only one of the two people on title is a first-time home buyer. To confirm whether or not you meet the criteria be sure to […]

Is Your Roof at Risk?

The following will help you identify the potential for roof failure.   CURLING The upward curling of shingle tabs makes them highly susceptible to wind and ice damage. This is a problem on older roofs where moisture build-up in the attic affects the underside of the shingle.   BROKEN SHINGLES   Damage can be caused […]

Pricing Your Home Competitively

Pricing Your Home Competitively Pricing your home correctly is one of the most important aspects of selling your home, and it can also be one of the most difficult. If you price your home too high above its market value, you risk discouraging serious, qualified buyers. If you price your property below market value, then […]

ONTARIO LAND TRANSFER TAX REFUND

ELIGIBILITY REQUIREMENTS NOTE: On November 14, 2016, the Ontario government increased the first time buyer deduction from $2,000 to $4,000 (on first $368,000 of price) on purchases closing after January 1, 2017. Eligibility requirements for refund/deduction for first time buyers for Ontario Land Transfer Tax are: 1) Purchaser must be 18 years or older 2) Must […]

FIRST-TIME HOME BUYERS’ TAX CREDIT

As of January 27, 2009, first-time home buyers may be eligible for an income tax credit for their closing costs.  However, “first-time home buyer” can be misleading.  Please consider the following: WHO:  An individual is considered a First-Time Home Buyer if neither the buyer, or his/her spouse or common law partner owned and lived in […]

RRSP HOME BUYER PLAN

DID YOU KNOW? Qualified buyers may borrow INTEREST FREE for 15 years from your RRSP savings.  You are allowed to borrow up to $25,000 per buyer ($50,000 per couple) towards the cash down payment on the purchase of a residence. Banks often discourage clients from going this route when purchasing a residence, because banks want […]