12 May

Ontario’s Housing Legislation: Faster Builds, Fewer Delays

Housing

Posted by: Michael Greene

Big changes are coming to the housing market by way of the Ontario’s Housing Legislation. On Monday, the province is introducing sweeping new legislation aimed at fast-tracking construction and tackling the housing crisis head-on. Whether you’re a buyer, builder, or investor, this move is worth watching. The headline? Ontario’s Housing Legislation—officially called the Protect Ontario […]

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30 Jan

Variable Rate Mortgage Holders Celebrate With Rate Announcement

Latest News

Posted by: Michael Greene

Prime Rate Drop: What Homeowners and Buyers Need to Know On Wednesday, Canada’s six major banks announced a quarter-percentage-point reduction in their prime rates, dropping from 5.45% to 5.2%. This follows the Bank of Canada’s decision to lower its key interest rate for the sixth time since June, bringing it down to 3%. The central […]

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26 Jan

Considering a Private Mortgage?

General

Posted by: Michael Greene

What you need to know about an alternative or private mortgage? Borrowers who are unable to qualify for a traditional bank mortgage may need to consider an alternative or private mortgage for their financing. If this is your case, remember that these mortgages are supposed to be a short-term financing solution. These loans are often […]

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4 Nov

Condo in Crisis: What to Do if Your New Purchase Faces Receivership

Pre-Construction

Posted by: Michael Greene

Is Your Condo Project Facing Receivership? Picture this: You’ve been excitedly waiting for your new condominium to be completed in just a few months. All day, you’ve been imagining how you’ll decorate it, learning about local shops, and planning your housewarming party. Then, suddenly, the builder stops sending updates. You turn on the news and […]

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3 Nov

Boost Your Income and Property Value with The Secondary Suite Refinance Program

Refinancing

Posted by: Michael Greene

Ontario’s New Secondary Suite Refinance Program is designed to expand the availability of affordable housing by offering financial aid to homeowners interested in adding secondary suites. These suites, commonly referred to as accessory dwelling units (ADUs), can be a great asset to your property, providing extra income while helping address the housing shortage. Program Highlights […]

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18 Oct

Federal Housing Measures Support Secondary Suites, Vacant Land Taxes, and More Homes on Public Lands

Latest News

Posted by: Michael Greene

On Tuesday of last week, the federal government announced some new housing measures that are aimed at helping homeowners, especially those looking to add a little extra income with secondary suites, while also tackling some of the bigger housing challenges Canada is facing. We’re talking new taxes, refinancing options, and plans to repurpose underused federal […]

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1 Oct

Boldest Mortgage Reforms in Decades Set to Unlock Homeownership for All Canadian First-Time Homebuyers and Buyers of New Builds

First-Time Homebuyers

Posted by: Michael Greene

These mortgage reforms, touted as the boldest in decades, aim to unlock homeownership for all Canadian first-time homebuyers and buyers of new builds by address housing affordability and ease the path to securing to homeownership. In an effort to making it easier to qualify for a mortgage, significant reforms are being introduced across Canada, specifically […]

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2 Sep

How Ontario’s New Planning Statement Could Impact Toronto Housing Prices and Development

Latest News

Posted by: Michael Greene

At a recent conference hosted by the Association of Municipalities of Ontario, minister of municipal affairs and housing Paul Calandra introduced the new Provincial Planning Statement, addressing Toronto housing market impact. He emphasized that this update provides municipalities with greater tools and flexibility, allowing them to better address their unique local challenges and priorities in […]

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1 Aug

New 30-Year Amortization Incentive for First-Time Home Buyers in Canada

General

Posted by: Michael Greene

Advocates are commending Ottawa’s Department of Finance decision to extend the amortization period on insured mortgages for some homebuyers, while suggesting that expanding this policy to all Canadians would enhance home ownership affordability. During a speech in Toronto on Thursday, Finance Minister Chrystia Freeland revealed that the federal government will now permit a new 30-year […]

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24 Jul

How the Bank of Canada Rate Cut Will Impact Your Mortgage?

General

Posted by: Michael Greene

Understanding the impact of the Bank of Canada rate cut on your mortgage is important.  In an increasingly complex mortgage market, one major factor influences many Canadians’ ability to own their homes: interest rates. The recent drop in the Bank of Canada’s (BoC) prime rate by 25 basis points to 4.5% has a significant ripple […]

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