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HST New Housing Rebate – What New Home Builders Should Know
Most agreements of purchase and sale for newly built homes in Ontario are premised on buyers qualifying for the HST New Housing Rebate and assigning it to the builder. In exchange, the builder credits the buyer with the amount of...
Federal Budget 2019
Real estate professionals at Merovitz Potechin LLP are considering the impact of possible incentives for first time homebuyers recently announced by Federal Finance Minister, Bill Morneau, in Federal Budget 2019. The marquee announcement is the creation of a shared equity...
New Build Condo Closing Costs: Tarion And Utilities
For our final post in our series on closing costs for new build condos, we will take a look at more complex costs that are payable upon closing. In previous weeks, we looked at the down payment and legal fees,...
Majority Of Home Sales Driven By Older Individuals
There has been a noticeable decline in mortgage activity amongst Canadians. Generally speaking, younger individuals - ages 38 and younger - seem to be struggling to break into the residential real estate market. While overall home sales have been down...
