Interested in learning more about property mortgages in Canada? Look no further!
Latest News
GTA home sales drop 16% in 2018, fewer houses listed: TREB + MORE Jan 5th
The number of homes sold in Toronto and the surrounding area fell in 2018 as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules..... More »
The $13 Billion Question: Will Ottawa’s “Build Canada Homes” Fix Our Broken Housing Market, or Just Build More Problems? + MORE Sep 28th
Another week, another blockbuster announcement from Ottawa aimed at solving our national housing crisis. This time, it’s a shiny new federal agency dubbed “Build Canada Homes,” launched with a cool $13 billion of your money. The promise? To slice through the red tape, leverage public lands, an.... More »
Housing sales fall in most markets across Canada - The Globe and Mail + MORE Jul 17th
The Globe and MailHousing sales fall in most markets across CanadaThe Globe and MailHouse sales fell in a majority of markets across Canada in June, suggesting the real estate sector is cooling just as interest rates are starting to climb and Ottawa is proposing tougher mortgage rules. Sales fell in.... More »
Home Sales Fall Sharply From January + MORE Mar 15th
The Canadian Real Estate Association reported today that national home sales plunged 9% from January to February, with 75% of local markets, including all major cities, recording fewer transactions. It’s not the first time CREA has reported such a steep month-over-month decline—home sales also d.... More »
IMF Cautions Against Relaxing Mortgage Rules, Says Market Still Heated in Canada + MORE May 24th
The housing market remains the biggest threat to Canada’s economic health. That is according to a report by the International Monetary Fund (IMF), published this week after an official visit to Canada.
They are responding to calls by several real estate boards in Canada to ease the new B-20 stres.... More »
Make more of your tax-exempt home
– moneysense.ca
(Getty Images/Alex Slobodkin)Canadians are in love with real estate, and no wonder: When you buy a home you can afford, you take a giant step towards tax-efficient wealth creation. Your principal residence will likely be the largest single contributor to your overall net worth; it’s an investment that can provide tax-exempt capital appreciation, the potential for income from rentals or a home business, and leverage with which to acquire new income-producing assets.
Of course, buying a home comes with some big risks as well. In 2012, home mortgages accounted for 77% of all Canadian debt. That debt can become a crushing burden if you suffer a job loss, marriage breakdown or you are forced to renew your mortgage at a much higher interest rate. Capital gains enjoyed on the sale of your principal residence are not taxable, but losses incurred are not deductible either—so it’s doubly painful if you must sell in a hurry at a loss.
Clearly, you need to manage this purchase carefully. The interest rate you pay is important, especially because mortgage interest costs aren’t tax-deductible, unless your home is used for income-producing purposes, such as providing rental accommodation or a home business…
2014 CMHC First-Time Homebuyers Survey
– canadianmortgagetrends.com
Today’s generation of first-time homebuyers are increasingly using the Internet to their advantage when researching mortgages. CMHC’s recently released 2014 First-Time Homebuyers Survey backs that up. The report found that 84% of first-time buyers went online to gather information about mortgage options and features. The figure was 76% for repeat mortgage consumers. First-timers were also more active online […]
