Thinking of Buying a New Home? 5 Home-Buying Myths Debunked
Ready to buy a home? Become aware of these top five home buying myths and consider yourself an informed buyer. Buying a home is a complex transaction surrounded by a fair few misconceptions, and these myths can be costly. Not only can they result in…
Buying a Home? A Guide to Closing Costs in Canada
Buying a home can be stressful and comes with a number of costs. Knowing what to expect from closing costs in Canada will give you peace of mind. There are two parts to this: Before you Close Before you close on your mortgage, expect to…
Principal Residence Tax Exemption Canada: What It Means for Homeowners
Are you getting ready to buy a home? Here’s a quick summary of the principal residence tax exemption in Canada – and its recent changes – and what it can mean for homeowners. What administrative changes in reporting requirements does the Canada Revenue Agency (CRA)…
Buying a Home in Canada: How Do I Calculate My Mortgage?
Buying a home in Canada get determined by its price and the buyer’s maximum mortgage. Here’s a quick overview on how you can calculate your optimal mortgage amount. Before lenders calculate your maximum affordability, they consider the following factors: Down Payment When buying a home…
Buying a New Condo Versus a Resale Condo
Pondering buying a new condo versus a resale condo? Here’s a quick review of the pros and cons of both to help you make your purchase decision. Buying a home is one of the big milestones in your life. Condominiums allow the owner to have…
A Quick Guide to Land Transfer Tax in Ontario
When you purchase a home, you have to pay Land Transfer Tax in Ontario to the government. How much depends on a couple of factors. Here’s a quick guide on what you need to know. What is Land Transfer Tax? Land Transfer Tax is paid…
How Principal Residence Tax Changes May Affect You
Why the CRA changed the principal residence tax exemption, and how it may affect the sale of your home. When a Canadian sells his or her home, a capital gain is realized. Under Canadian law, such a profit would generally be subject to capital gains…
What Does a Real Estate Lawyer Do and Why Do You Need One?
Are you thinking of becoming a first-time home owner? One thing on your to-do list is to find a real estate lawyer. Here’s a quick summary of what we do and why you need us. When you’re buying a home or selling a home for…
Ask a Real Estate Lawyer: How Much Home Can I Afford?
As real estate lawyers, we’ve seen a lot of property change hands. Here’s our take on 3 easy calculations you should make to determine how much home you can really afford to buy. If you’re a first-time home buyer looking to talk to a real…
