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Immigration, A reason For Hot market in TO, Ontario
Changes in population from migration and immigration: A total of 20,452 people were added to the province’s population as a result of net inter-provincial migration and international immigration in the first quarter of 2010. As has been the case Read More...
Investment Opportunity
I wanted to take a moment to introduce you to a group that The Politis Brienza Team have been working with for the past several years on the real estate development front- Marchant Securities Inc. and Greybrook Capital. We have partnered with Greybrook Read More...
Home sales decline in May!
June 16, 2010 Madhavi Acharya-Tom Yew Business Reporter Home sales and prices fell in May as would-be buyers felt the pinch of changing regulations and higher interest rates.The decline is a “departure from the normal seasonal pattern,” the Read More...
HST Transition Rules
December 16, 2009 -- The provincial government has provided rules/guidance on how it will transition to the implementation of the proposed Harmonized Sales Tax. Background The provincial government has announced that it intends to combine the eight percent Read More...
The federal government is ready to clamp down further on mortgage rules if the boom turns into a bubble.
http://www.theglobeandmail.com/report-on-business/flaherty-warns-on-mortgage-rules/article1407223/ OTTAWA -- The federal government is ready to clamp down further on mortgage rules if the boom in the Canadian housing market turns into a bubble, says Finance Read More...
Your HOME, is it an investment or not?
More often I hear people say that they have a good investment in their homes and they do thier best to get rid of the mortgage and have it out-right as their beloved homes. Ok to me, my home is a piggy-bank. Like a piggy-bank, I put in it little by little Read More...
Harmonized Sales Tax Not Yet in Effect
June 10, 2009 -TREB- The provincial government has announced that it intends to combine the eight percent Provincial Sales Tax with the five percent federal Goods and Services Tax, creating a 13 percent Harmonized Sales Tax (HST). The HST is NOT YET IN Read More...
A real estate market with plenty of reasons to buy!
For first-time buyers with secure employment, the housing market may look rather more appealing now than it has in recent years, when they struggled with affordability. "We know for Toronto, and for Ontario as a whole, there's been a pretty dramatic Read More...
Hiring a contractor? Here are some tips
The program will also create work for contractors. It pays to do your homework before you hire a contractor. Make sure the contractor is licensed: it is your right to ask a prospective contractor to produce their license. If the contractor is reluctant Read More...
The home Reno tax credit
Hello Everyone, Did you know that you can receive a tax credit for renovations to your home under the Home Renovation Tax Credit in the 2009 Federal budget? It starts on expenditures over $1,000 and does not apply to anything over $10,000! On a $10,000 Read More...
It is the Best time to BUY!
Bank of Canada reduced its target overnight rate by 50 basis and the major banks followed the suit and reduced their prime rates by 0.5%. This move made it easier for those who can afford a house to move ahead and buy. With the existing Buyer's market, Read More...
Why should you invest in Real Estate and Canada now.
OK, we all now that US sub-prime made the financial institute all over the world to melt down. The Canadian Banks were among those who had impacted by this melt down the less. The economic slow-down, made our CA$ to lose some ground to US$. As our currency Read More...
Infrastructure spenditure brings hope to communities
It is not funny to see the Canadian government telling us everything is ok when they are going to fastest election period ever, and come back and say everything is ok when they introduced the budget and finally when getting slammed by the opposition parties, Read More...
Fewer homes getting built, what does that translate to?
Companies wanting to conserve cash rather than invest in new structures, along with slumping prospects for homeowners, hammered the residential and non-residential ends of the building sector. As a result, fewer homes and big structures are getting built Read More...