Yesterday the Bank of Canada (BoC) held their key overnight rate at ½ percent a rate has remained unchanged for years now. Something that hasn’t changed in years, yet makes big news with each announcement begs the question, ‘what is the overnight rate and what’s all the big fuss about?’
If you are planning on buying your first home in the near future, you will be happy to hear that yesterday, the Ontario government announced they will be doubling their land transfer tax refund for first time homebuyers from $2,000 to $4,000. Now I know this isn’t a ‘make-it-or-break-it’ deal for most of you, but it is a welcomed change! The other announcement, was an increase in land transfer taxes for properties sold over $2M. Both these changes will come into effect on January 1st, 2017. Read on as we explore together. Continue reading “GOOD NEWS for First Time Homebuyers! Ontario Doubles It’s Land Transfer Tax Refund”
Introducing ‘Knowledge for Success’! Developed as a simple blog with a singular mandate; To provide readers with simple educational articles keeping you up to date on changes in the world of real estate and mortgages.
When helping our clients through the complexities of buying a home and securing the right kind of mortgage; We thoroughly enjoy educating and teaching throughout the process, and always make sure our clients understand the ‘HOW’ and ‘WHY’. We do this because we firmly believe that the more you know, the better the decisions you can make.
We quickly realized that more people could benefit from the lessons that we go through everyday with our clients. We want to reach out to everybody!
The more you know, the better the decisions you can make
That is the first and biggest step towards ensuring SMART AND SUCCESSFUL HOME OWNERSHIP!
Continue reading “Introducing ‘Knowledge for Success’”