Getting a mortgage to buy a home is a significant decision. Five things you should know about mortgages include lending terms, security for the mortgage, open vs. closed mortgages, and defaulting on the mortgage. AUTHOR'S NOTE Some of the following content is adapted from CPLEA’s Nested course. … [Read more...]
Canada’s First-Time Home Buyer Incentive Explained
Answers to your questions about Canada's First-Time Home Buyer Incentive, including who is eligible, how it works, repaying it, and other associated costs. In September 2019, the Government of Canada introduced the First-Time Home Buyer Incentive. The purpose of the Incentive is to make home … [Read more...]
What To Know When Buying your First Home
Eight things to know when buying your first home, including the professionals who will support you, real property reports and title insurance, property insurance, adjustments, holdbacks and more. Buying your first home can be an overwhelming and stressful process. Here are my top 8 things to … [Read more...]
Your Principal Residence and Taxes
Capital gains have been subject to taxation in Canada since 1972. At present, only half of any capital gain is included in income. While this includes property such as real estate, most Canadians are aware that there is a “principal residence exemption”, and believe gains on their home will not … [Read more...]
Expropriating Land: A Balancing Act
Introduction The somewhat foreboding term “expropriation” in Canada describes the right of the government (the Crown or one of its agencies) to legally take real property (land), that is in private hands and apply it for a greater public use or benefit. This concept is called “compulsory purchase” … [Read more...]
