Tag: Homebuyer

HST New Housing Rebate – What New Homebuyers Should Know

In Ontario, the sale of newly built homes is subject to GST/HST. This means that anyone in Ontario who purchases a new home from a builder is required to pay HST/GST on their purchase. The GST/HST New Housing Rebate (the...

By of Merovitz Potechin LLP on Wednesday October 30, 2019.

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...

By of Merovitz Potechin LLP on Monday September 30, 2019.

Drugs, Murder and Nudists

When purchasing a home, most buyers want the confidence that the home they are buying is in good shape and that the neighbourhood they are moving into lives up to their expectations. With the help of real estate agents, a...

By Merovitz Potechin on Wednesday August 28, 2019.

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...

By Merovitz Potechin on Friday March 22, 2019.

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,...

By Merovitz Potechin on Friday October 26, 2018.

By Merovitz Potechin on Tuesday October 9, 2018.