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  • Provincial Land Transfer Tax Refund Extended

    The Province of Ontario has just announced that it is extending the land transfer tax refund for first time buyers of newly constructed homes to now include resale homes. This means that first time home buyers can now save up to $2,000 on a resale home purchase. The legislation for this rebate has not yet been passed, but any first time home ...
    Posted to Richmond Hill, Ontario, Real Estate (Weblog) by Anonymous on December 17, 2007
  • Rules Changed for Mortgage Insurance

    A quick update for anyone who missed the announcement. The Government of Canada has passed Bill C37 which changes the minimum loan to value amounts for conventional mortgages. What does this mean to you? In the past if you were borrowing more than 75% of the purchase price, or value of the property, you had to get CMHC or Genworth mortgage ...
    Posted to Richmond Hill, Ontario, Real Estate (Weblog) by Anonymous on May 27, 2007
  • Real Estate Market Update April 2007

    Busy! That pretty much sums up the current greater Toronto Real Estate markets and why I have not posted in too long. February and March had very strong sale, just lower that Feb. and Mar. 2006, but April 2007 blew past April 2006's 8361 sales. With 9452 sales in April 2007 this sets a new record for April sales in the GTA real estate ...
    Posted to Richmond Hill, Ontario, Real Estate (Weblog) by Anonymous on May 27, 2007