What Is Considered A Substantial Renovation?
- Published by admin
- on March 13, 2021
On June 4, 2020, the Canadian Mortgage and Housing Corporation (CMHC) announced changes to the eligibility rules for mortgage insurance, in the agency’s…
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Do the New CMHC Regulations Make Mortgage Applications Tougher?
- Published by admin
- on August 21, 2020
On June 4, 2020, the Canadian Mortgage and Housing Corporation (CMHC) announced changes to the eligibility rules for mortgage insurance, in the agency’s…
CRA Denying Principal Residence Exemption for Pre-Construction
- Published by admin
- on August 4, 2020
The Canada Revenue Agency (CRA) audit divisions have been targeting home sales in the GTA of what they deem to be a quick resale of a newly purchased pre-construction condos. If you resell within 6 to 8 months of getting title, you could face a reassessment for taxation on…
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