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Sat Apr 3, 11:17 AM Derek Scott, The Canadian Press By Derek Scott, The Canadian Press VANCOUVER, B.C. - Buying a house in the hot housing markets of Vancouver, Toronto and other major cities in recent years has been a possible dream for some first-time
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Mon Mar 29, 5:27 PM Sunny Freeman, The Canadian Press Enlarge Photo (The Canadian Press) By Sunny Freeman, The Canadian Press TORONTO - Rising mortgage rates announced Monday signal the end of historically low home borrowing costs and present Canadian
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Finance Minister Jim Flaherty announced new rules Tuesday aimed at preventing homebuyers from getting into financial difficulty when mortgage rates rise. After consulting with major Canadian lenders, Flaherty outlined the latest weapons at Ottawa's
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Île-des-Soeurs, January 19, 2010 –Québec’s provincial real estate market performed well in 2009, with sales increasing by 3 per cent over 2008 for a total of 79,185 MLS ® sales transactions, according to the Québec
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Thu Jan 21, 5:31 PM By Louise Egan OTTAWA (Reuters) - Canada's economy is on track to recover this year and the outlook has improved since October, the Bank of Canada said on Thursday, while giving few hints on how soon it will start raising record-low
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Mon Dec 21, 11:24 AM OTTAWA (Reuters) - Canada may require people taking out mortgages to come up with a larger downpayment if it looks like indebtedness is getting too high, Finance Minister Jim Flaherty said in a interview released late on Sunday. Flaherty's
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To stimulate economic growth and encourage Canadians to invest in improvements to their homes, Budget 2009 proposes to introduce a temporary Home Renovation Tax Credit (HRTC). The HRTC will provide meaningful tax relief to help Canadian homeowners make
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The Home Buyers’ Plan (HBP) allows first-time home buyers to withdraw amounts from a Registered Retirement Savings Plan (RRSP) to purchase or build a home without having to pay tax on the withdrawal. Budget 2009 proposes to increase the HBP withdrawal
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Budget 2009 proposes to introduce a new non-refundable tax credit based on an amount of $5,000 for first-time home buyers who acquire a qualifying home after January 27, 2009 (i.e. the closing is after that date). The credit for a taxation year will be
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The recent budget has some great incentives to help stimulate the housing sector! These apply to both 1st time purchasers as well as available grants for renovations. We are attaching the highlights as posted from the Canadian Government website so that
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Fri Dec 26, 1:54 PM By Brenda Bouw, The Canadian Press VANCOUVER, B.C. - Canada's housing market made skeptics proud and put eternal optimists to shame in 2008 as the favour turned quickly to buyers, after years of smug sellers having the upper hand.
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by Eric Beauchesne, Canwest News Service OTTAWA -Housing is starting to become more affordable across Canada, the country's largest bank said Monday. RBC's third-quarter housing report was issued amid news from Canada Mortgage and Housing Corp.
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