Every now and then, I receive mail from banks about getting title insurance for my home. Title insurance is a very valuable tool; it protects you from any problems with the title to your property that could not be discovered before your purchase was completed, and protects you going forward against fraud (either a false… Continue reading Title insurance: you probably already have it
Mortgage Monday Rate Update – December 2011
This is going to be the last Mortgage Monday blog post for 2011 (we’re all going to take next week off). I figure the best way to end the posts for the year is a look back at rates. Whether you like it or not, stats and numbers are a part of the world of… Continue reading Mortgage Monday Rate Update – December 2011
When do you have to pay HST on a house?
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 – as long as the house has been used primarily for personal use there will be no HST. For many new… Continue reading When do you have to pay HST on a house?
Selling in Winter
I have several clients right now who want to wait until the Spring to put their homes on the market. There are some common misconceptions that make sellers believe it is in their best interests to wait until the Spring market. The first misconception is that buyers aren’t looking to move from November to February… Continue reading Selling in Winter
Compound Interest: Unraveling the Mystery
Article courtesy of MCAP. “If you start saving early in life, the power of compound interest will allow you to retire comfortably.” This is what financial planners tell young Canadians. And it’s true. But what is compound interest? The most basic definition is that compound interest is interest on interest. If you have an… Continue reading Compound Interest: Unraveling the Mystery