14 11, 2016

Ontario Changes Land Transfer Tax

By |2023-12-21T02:15:26+00:00November 14th, 2016|Categories: Mortgage & Housing Market Updates|0 Comments

Changes to Ontario Land Transfer Tax Today, the Province of Ontario announced changes to Land Transfer Tax (LTT) to try and ease the cost of buying for First Timers while making other changes to maintain the cash flow generated from the tax by increasing [...]

2 11, 2016

Should you stress about the mortgage stress test?

By |2023-12-21T02:20:15+00:00November 2nd, 2016|Categories: Mortgage & Housing Market Updates|0 Comments

What you should know about new mortgage rules. On October 3rd, Finance Minister Bill Morneau announced that new mortgage rules will include more stringent “stress testing” for borrowers. The new rules are designed to lower debt levels, enforce some belt-tightening, and protect the housing [...]