In Ontario, HST always applies to the purchase of land unless there is a specific exemption. For most residential resale transactions, there is an HST exemption in place so that it does not apply. For many new homes, there are significant rebates for HST, as long as you intend to live in the new home… Continue reading When do you have to pay HST on a house?
Happy Easter!
Happy Easter from all of us here at BarrieRealEstateTalk.ca! Since it’s a holiday, there will be no Mortgage Monday blog post today (but we’ll finish up our 4-part series next week). We hope you’re enjoying the long weekend! TimTim is a mortgage agent in Barrie who specializes in helping first-time home buyers. He works with… Continue reading Happy Easter!
Residential Rentals Scarce in Barrie
Before most of us become homeowners, we rent apartments or sometimes houses. More often than not, however, many people are renting someone’s basement. As most people in Barrie know, the vast majority of basement (or “second suite”) units are technically not legal. In fact, there are only 676 registered second suites in the city. We… Continue reading Residential Rentals Scarce in Barrie
Wouldn’t it be nice…
Many of us have seen the commercial: happy elderly people paying for renovations, trips and university education for their grandchildren through a reverse mortgage. I came across this excellent post from the Retire Happy blog, which details the pros and cons of a reverse mortgage. There are many advantages to these plans: income is tax-free,… Continue reading Wouldn’t it be nice…
Fixed Rate Mortgage Pricing – Getting Ahead of the Curve
Starting two weeks ago and for one more week after today’s post, our regularly-scheduled Mortgage Monday blog posts are featuring a 4-part series courtesy of MCAP on how and why mortgages are priced the way they are (starting with Part 1 two weeks ago: The Bond Market and Fixed Income Yields – How Does it… Continue reading Fixed Rate Mortgage Pricing – Getting Ahead of the Curve