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The condo market and foreign investment in Canada for 2016 - what to expect

By HST ReliefReal Estate Market UpdatesFebruary 22, 20160 comments

  Foreign investors have long shown an interest in the condo market in large Canadian cities like Toronto and Vancouver.  International buyers are not slowing and foreign investors continue to help drive the Canadian housing market.  Internationally, Canada is considered a ...

Condo prices are expected to rise - where should I invest?

By HST ReliefReal Estate Market Updates Condos & HousesFebruary 9, 20160 comments

  Recently, economists and real estate experts have proclaimed their sustained love for Toronto's real estate market.  Barry Fenton, CEO of Lanterra Developments, gives BNN's newscaster some seriously impressive arguments to defend the position that the Toronto condo market ...

Toronto's Real Estate Market in 2016 - Why to expect the boom to go on!

By HST ReliefReal Estate Market Updates Condos & HousesJanuary 20, 20160 comments

  2015 was a record year for the Toronto real estate market.  Although, to be fair, almost every year of the last 20 has been record breaking too.  Why is the Toronto market so strong?  Well, with over 100,000 people moving to the GTA every year, there is no ...

New Condo Legislation in Ontario aims to protect Condo Owners

By HST ReliefReal Estate Market Updates Condos & HousesDecember 11, 20150 comments

  Did you know that over 1.3M Ontarians reside in condominium housing?     In an attempt to protect condo home owners and to sustain agreeable condominium living,  the Provincial Ministry of Government and Consumer Services passed new legislation on December ...

What are the closing costs for a Toronto condo purchase?

By HST ReliefReal Estate Market Updates First Time BuyersOctober 23, 20150 comments

Many close to the Toronto real estate market talk about how expensive the closing costs are when purchasing a property or a condo in the City.  But, what exactly makes up these "closing costs"?  For a $350,000 condo, you could be looking in the neighbourhood of ...

Tax lawyers are warning condo investors about flipping preconstruction condos

By HST ReliefReal Estate Market Updates Condos & HousesOctober 23, 20150 comments

Tax lawyers are issuing warnings to their investor clients.  CRA is currently looking for those who fit the description of a "flipper".  A "flipper", defined as someone who has bought and sold new condos over the last 7 years, unfortunately (and unfairly) this also extends ...

What to know when buying a pre-construction condo in Toronto

By HST ReliefReal Estate Market Updates Condos & HousesSeptember 9, 20150 comments

Here are some of the most common questions we encounter from clients purchasing pre-construction condos from builders in Toronto:      1. How do builder deposits work?   While in the past, developers have offered great deposit deals such as only 5% down ...

HST for first time investors and home buyers

By HST ReliefReal Estate Market Updates First Time BuyersSeptember 8, 20150 comments

Often times the purchase of a home or investment property is the largest investment one will make in their lifetime.  So, it's important to understand the critical aspects of the real estate purchasing process, whether your first purchase is going to be your primary residence ...

HST & Rental Investment Property

By HST ReliefReal Estate Market UpdatesSeptember 8, 20150 comments

Here is a brief outline of the HST implications with respect to purchases of new residential housing for residential rental investment:   1. The purchase price of new homes and condos is typically provided based on residential, owner occupied status.  The builder assumes ...

Why it is so important for investors to understand HST rules and HST rebates for real estate in Ontario

By HST ReliefReal Estate Market UpdatesSeptember 4, 20150 comments

Don't let a misunderstanding or mistake with HST on your newly built condo or property put your investment at risk!   Background:   Those who purchase a newly built residential property in Ontario qualify for an HST Rebate if: 1) they make this property their principle ...