What your property taxes pay for in the City of Toronto Image

What your property taxes pay for in the City of Toronto

Property taxes can be confusing. Fortunately, the City of Toronto has a Property Tax Calculator that actually shows how your money is being distributed to various services and infrastructure developments and maintenance. 

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Should we be worried about the increase in mortgages with alternative lenders? Image

Should we be worried about the increase in mortgages with alternative lenders?

Government policy like the mortgage stress test was introduced to cool Canada’s housing market, which it did, but some buyers have decided to simply go a different route, and it could be bad for the overall health of the market. 

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Everything you need to know about Canada’s First-Time Home Buyer Incentive Image

Everything you need to know about Canada’s First-Time Home Buyer Incentive

If you’re a first-time buyer in Canada, you’ve likely been waiting for details on the federal government’s First-Time Home Buyer Incentive program. Well, the details are here, including a start date.

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Canada creating a Real Estate Task Force to ensure tax-compliance Image

Canada creating a Real Estate Task Force to ensure tax-compliance

According to the government of Canada and the Canada Revenue Agency, tax non-compliance and money laundering can be a significant factor causing the rising cost of housing in the country’s hottest markets. 

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The mortgage stress test is flawed because it doesn\

The mortgage stress test is flawed because it doesn't consider income growth

There’s a mortgage stress test duel underway, and the weapons of choice are reports and open letters. Who will win?

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Mortgage activity slows as Canadians fall deeper into debt Image

Mortgage activity slows as Canadians fall deeper into debt

Since late 2015, the mortgage delinquency rate among 65+ mortgage holders has been on the rise and the highest among all age groups, says the Mortgage and Consumer Credit Trends report by CMHC.

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What would happen if the mortgage stress test was eliminated? Image

What would happen if the mortgage stress test was eliminated?

Sixteen months after the implementation of the federal government’s B-20 mortgage stress test regulations, TD Bank released an examination of its effects. Basically, the stress test did what it was supposed to do, but had some unintended consequences. 

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Taking another look at increasing property taxes in Toronto Image

Taking another look at increasing property taxes in Toronto

Earlier this year, the Centre for Urban Research and Land Development released a report saying that the City of Toronto could afford to hike residential property taxes by approximately 20% when compared to the median GTHA municipality.

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Is your credit score high enough to get approved for a mortgage in the GTA? Image

Is your credit score high enough to get approved for a mortgage in the GTA?

Whether or not you get approved for a mortgage in the GTA has a lot to do with your credit score, among other factors such as your employment status and debt levels.

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See what people in Toronto sacrifice to buy a home Image

See what people in Toronto sacrifice to buy a home

With would-be buyers finally adjusting to the stress test and interest rates looking like their taking a breather, 2019 may be a strong year for home sales in Toronto and other major markets in Canada. 

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