How You Can Own Your Home Sooner
A recent Scotiabank poll found that nearly three-quarters (72 per cent) of Canadians are taking at least one step to becoming mortgage-free sooner. The biggest advantage of paying your mortgage off sooner is the amount of interest you would save. A
Major Banks Raise Interest Rates
Following months of speculation, three of the major Canadian banks have raised their interest rates.
HST around the house
With HST tax coming into effect July 1st, many new home owners are wondering what exactly will be affected, and what won't. About 83% of products and services purchased by consumers will see no new tax.
HST around the house
With HST tax coming into effect July 1st, many new home owners are wondering what exactly will be affected, and what won’t. Many household items that were previously subject to 8% provincial and 5% federal tax will now simply switch over to the 13% HST,
The Hidden Costs of Popular Mortgages
Four popular mortgage terms: the venerable five-year fixed, the conservative 10-year fixed, the open mortgage, and the full-featured mortgage with big pre-payment privileges, why people pick these terms and how statistics impact each term's total cost of
Builders working to reduce impact of HST on new home buyers
The controversial new HST rules have been causing quite a stir as their July 1, 2010 implementation date approaches, and nowhere is this more evident than in the realm of the biggest of big purchases, new home sales.The good news for most Ontario
Is your income at risk? Your home doesn’t have to be
When life delivers an unexpected blow – like a serious illness, a marital separation or loss of employment – it can be difficult to stay on track. Sometimes, it can even put your ability to make your mortgage payments at serious risk.This scenario
HST squeezes middle-class homebuyers, hits GTA hardest, new report finds
Greater Toronto Area homebuyers will absorb an exorbitant share of the whopping $800 million tax increase on new homebuyers across the province under the Provincial government's harmonized sales tax (HST), which could threaten up to 21,200 jobs, a
Don't let your mortgage automatically renew
(NC)-When's the last time you thought about your mortgage? Do you know your rate? Do you know when your term is up for renewal? Do you know what happens if you don't renew your mortgage? Many Canadians don't. It's no wonder when it comes time to renew a
Sales tax harmonization will hurt resale home market
TORONTO, March 26 /CNW/ - Ontario's REALTORS(R) say the McGuinty governments plan to harmonize the GST and PST will add over $2,000 to the cost of a real estate transaction, hurting the resale home market and prolonging the housing industry's recovery
