Canadians didn’t used to report the sale of their home, but this has changed since the Liberal government introduced new federal mortgage rules back in October. If you fail to claim the sale of your primary residence, you could face …

On April 20, 2017, the Government of Ontario unveiled a comprehensive, 16-point plan to reduce speculation, cool prices and rents, and to increase the supply of housing in the province. The plan was announced after much media speculat …

As Tembo Financial has previously noted, this is the best sellers’ market in southern Ontario history with record prices and demand. Homeowners who are selling now are seeing massive gains. Although the strong, healthy market is a f …

In today’s housing market, where prices are rising by double digits and where supply is limited, buyers need every inch of flexibility they can muster to make competitive bids. When detached home prices and even some condo prices ar …

Ontario’s home builders employ hundreds of thousands of people, pay significant taxes to pay for our public services, and are instrumental in providing people with the kind of housing they want, where they want it. Home builders mus …

In August of last year, the Government of British Columbia implemented a 15% property transfer tax on foreign buyers solely in the Greater Vancouver area. The tax was implemented to cool the Vancouver housing market, reduce speculativ …

  Take the home out of your house New buyers want to envision themselves in your house. The best way to do that is to de-personalize your home. Take down the family photos and put away the kids art that’s on the fridge. You ca …

Bigger down payments are better: Aim for 20% of the value of the home, don’t forget that you can use any RRSP funds you have towards the purchase; usually up to $25,000. Bigger down payments result in lower monthly mortgage payment. …

Home prices will continue to soar in 2017, with the Toronto Real Estate Board predicting a 10-16% increase in prices, with the average cost of a home reaching just under $800,000. In many parts of the city, prices will increase by ove …

On March 1, 2017, the Bank of Canada announced its benchmark interest rate of 0.50% would remain unchanged for the foreseeable future. Bank of Canada Governor Stephen Poloz cited uncertainty in the Canadian and global economies and th …

There’s no place like home. It’s a place for family; a place to make lifetime memories- and a place to bring in the bucks. From the tax benefits, to good ol’ fashioned financial stability, the financial benefits of home ownershi …

What is a building permit? A building permit in Toronto is a document granting formal permission to begin construction, demolition, addition, or renovation on your property. In order to obtain a building permit, an application must be …