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How Do I Get HST Back on My New Home?

  • Published by admin
  • on August 15, 2022
On July 1, 2010, Ontario transitioned to the Harmonized Sales Tax (HST) on the sales of new homes, raising the tax payable on new-builds from 5% to 13%. As you may imagine, this increase has made the cost of purchasing a new home more expensive. Individuals who purchase newly…

How Much HST Do You Pay On A New Home?

  • Published by admin
  • on November 25, 2021
Buying a new house or condo is an exciting time in any person’s life. It signals new beginnings and new investments in our future. It also signals an important investment and a long repayment period. When buyers first purchase a new property, they may be shocked to find that…

The Benefits of Purchasing A New Residential Rental Property

  • Published by admin
  • on November 18, 2021
The idea of investing in a rental property is gaining a lot of interest across Canada. More people are realizing the potential advantages of owning rental property, including using it to grow their wealth. In order to help you effectively weigh the pros and cons of investing in real…

What Is An Assignment Agreement?

  • Published by admin
  • on November 11, 2021
With Ontario property prices on the rise and a shortage of homes, more people are wondering how they can buy a new home for less. Condominiums seem like the perfect solution. Builders and condominium corporations are taking advantage of the demand for housing by building condominiums. Condos are space-saving,…

How Rebates Work With Pre-Construction Homes

  • Published by admin
  • on September 2, 2021
Did you know that if you buy a newly constructed home from a builder and use it as your (or a family member’s) primary residence, you will receive a GST/HST rebate in Ontario? Unlike when you purchase a new residential rental property or undergo substantial renovations and have to…

What First-Time Homebuyers Should Know About Rebates

  • Published by admin
  • on August 29, 2021
Buying a home can be an expensive but worthwhile endeavour. There are many costs to be paid on the closing date including the down payment, land transfer fees, title insurance and more. On top of this, there is your monthly mortgage payment to make! The Federal Government is well…