Blogs

With interest rates and property values constantly shifting, Ontario’s real estate market is experiencing an unprecedented increase in mortgage defaults. When a borrower defaults on their mortgage, lenders have several statutory remedies available to recover the money owed. One of the most common is a power of sale, as it is typically more cost-effective and […]

Have you recently purchased a new home in Ontario? If so, you may be eligible for a New Home HST Rebate. Understanding The Rebate When purchasing a newly built home or condo in Canada, many buyers are often surprised by the additional cost of Harmonized Sales Tax (HST). What’s less commonly known is that a […]

Introduction Thinking of buying your first home? The federal Government of Canada (“Government”) has proposed a new GST rebate (the “proposed rebate”) aimed at helping first-time home buyers and boosting housing supply. If passed, this measure could significantly reduce the cost of purchasing newly built homes, potentially saving eligible buyers up to $50,000 in sales […]

Prohibition on the Purchase of Residential Property by Non-Canadians Act  The Prohibition on the Purchase of Residential Property by Non-Canadians Act prohibits non-Canadians from purchasing, directly or indirectly, any residential property in Canada. As discussed in our previous blog, Non-Canadians Will be Prohibited from Buying Canadian Residential Property in 2023, non-Canadian is defined as:  The […]