Ontario Home Energy Savings Program ends on March 31, 2011

The federal and provincial governments provide grants to homeowners who undertake renovations that improve the energy efficiency of their homes.  These programs are coming to a close as of March 31, 2011. Before undertaking any renovations, homeowners must first have an energy audit of their home performed by a licensed service organization.  The evaluation report […]

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New mortgage rules take effect on March 18!

Finance Minister Jim Flaherty announced this week that new mortgage rules come into effect on March 18th. The big three changes: Reduce the maximum amortization period to 30 years from 35 years for new government-backed insured mortgages with loan-to-value ratios of more than 80 per cent. This will significantly reduce the total interest payments Canadian […]

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Winnipeg set to be hottest housing market

Forget Vancouver or Toronto. Winnipeg is poised to be Canada’s hottest housing market this year. In fact, 2011 is shaping up to be the year of the mid-sized city with St. John’s, Fredericton, Regina and Saskatoon also enjoying some of the strongest price increases in the country. A lot of first-time buyers are already being […]

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Assignment of Agreements of Purchase and Sale

Many new condo units are being purchased as investments – some to rent out, others to re-sell once the unit is complete. But what happens when you want or need to sell before the condo is completed? Different builders have different rules. Click here for more about the Assignment of Agreement of Purchase and sale […]

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