by Rakhi Madan | Dec 5, 2016 | First Time Home Buyer, News |
It’s a great time to be a first time home buyer in Canada right now! On November 14th the Ontario government announced it’s doubling the maximum Land transfer tax refund, so now it’ll be $4000. This will take effect on January 1, 2017 and will affect more than half of...
by Rakhi Madan | Oct 10, 2016 | News |
The Minister of Finance announced the fixed rate home buyers will now need to qualify for payments at the posted interest rate instead of the discounted interest offered by Toronto mortgage brokers like myself. It’s important to know a few things about the changes to...
by Rakhi Madan | Dec 7, 2015 | News |
On Friday, Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000....
by Rakhi Madan | Oct 22, 2015 | News |
The Liberal majority win was a surprise for many. The effects of this win will reach far, especially in terms of the financial impacts for both Canadian families and businesses. The Liberals have promised to lower the tax rates for small businesses and get rid of the...
