Not only can owning a home provide shelter and serve as an investment, it can also provide you with many avenues towards tax savings.
As such, CIBC is introducing a series of tax tips during the month of April intended to make homeowners aware of ways that they can be fully leveraging tax savings that are available to them.
"With spring in the air, house-hunting season is in full bloom," says ...
C
Canadians are in for more of the same, at least for now.
Citing such reasons as; the economy is not at full capacity and there is room still for growth, inflation is still manageable, signs of recovery in global economies are becoming more firmly entrenched, and while still unstable, have been balanced by stronger than expected domestic growth, and the strength of the Canadian dollar, the ...
A property owner emailed the Real Estate Board and asked, “If someone buys a home and tears it down and builds a new home, do they pay the HST?”
This property owner had read an article, “Real Estate Millionaires double in Richmond,” (Richmond Review, January 6, 2011) which quoted Landcor Data Corporation president Rudy Nielsen as stating, “In South Surrey…there’s a ...
Some of Canada’s biggest banks are lowering some of their fixed rate mortgages to counteract the effect of jittery investors moving to bonds, which causes a drop in long-term interest rates.
Tougher mortgage rules starting today are getting a failing grade by mortgage industry professionals who say the federal government effectively dropped the ball in a half-hearted attempt to deal with rising consumer debt.If Ottawa were genuinely interested in tackling high amounts of personal debt, it needs to address other means of high-interest loans such as credit cards, personal loa ...
At midnight, March 17, 2011, Canadians will no longer be able to qualify for CMHC High Ratio Insured Mortgages with a 35-Year Amortization.
Effective on March 18th, 2011, Canadians with less than 20% down payment will have to qualify for their CMHC Insured Mortgages with a maximum 30-Year Amortization.
Since Finance Minister Jim Flaherty announced new Canadian mortgage rules that will be used ...
Knowing that the odds are heavily stacked for a rate increase sooner rather than later, the real ...
1. The government is reducing the maximum mortgage amortization period to 30 years from 35 years.
2. The government is reducing the maximum amount of the value of a home that can be re-financed to 85 per cent from 90 per c ...
Why Should I Bother Getting Pre-Approved Before I Start Shopping?
Do you want to ensure that you get the home you want?
Then it's extremely important that you
arrange for financing before you go
shopping: get “pre-approved”.
To define getting pre-approved:
Your lender has calculated how much of a
mortgage they’re willing to offer you,
depending on your down payment and
current financial situ ...
Before the offers start rolling in, you should prepare for the massive amounts of money that will pass through your hands.
Still have a way to go paying off your mortgage? Here are some things to consider.