Buying Real Estate

Are you a prospective buyer? Read our thoughts on buying your next dream property.

Buying Real Estate
—
Apr 10, 2024
First Time Home Buyer Incentives in Ontario: A Comprehensive Guide
In this guide, we’ll delve into the specifics of what it means to be a first-time home buyer in Ontario, exploring the financial incentives and support available to ease the journey into home ownership. Understanding these incentives can significantly reduce the financial burden and complexity of buying a home in this competitive market. From land transfer tax rebates to affordable housing programs, Ontario offers a range of benefits designed to help first-time buyers navigate the often complex path to owning a home.
Joel Fox
Co-founder and COO
Buying Real Estate
—
Mar 28, 2024
What is the First-Time Home Buyer Land Transfer Tax Rebate?
Buying your first home is an exhilarating journey, filled with dreams of the future but also quite a few financial hurdles. You have to save up enough for a downpayment, get approved for a mortgage, and be confident in your ongoing ability to service that mortgage, amongst all the other home ownership costs. On top of that, our provincial (and sometimes municipal) government charges a Land Transfer Tax (LTT) in Ontario. This tax is no joke as its calculation is directly attached to the purchase price of your home. However, the Ontario government offers some relief for first-time homebuyers: a Land Transfer Tax Rebate. Let's dive into what this means for you.
Joel Fox
Co-founder and COO
Buying Real Estate
—
Mar 8, 2024
Navigating the Waters of Canada's Anti-Flipping Tax: What You Need to Know
Welcome to our deep dive into one of the hottest topics in Canadian real estate: the anti-flipping tax. As housing markets across the country continue to evolve, the federal government introduced this tax measure in the 2022 budget and it came into effect as of January 1, 2023. The aim of the tax is to cool down speculative real estate transactions in order to help address ongoing housing affordability concerns. Whether you're a seasoned investor or considering your first property venture, understanding the ins and outs of this tax is crucial. Let’s unpack what it means for you.
Joel Fox
Co-founder and COO
Buying Real Estate
—
Feb 23, 2024
Everything You Need to Know About Status Certificates in Ontario
Whether you’re thinking about entering the condo market in Ontario as a buyer or seller, there’s one document you can’t overlook; the status certificate. This document is like the biography of a condominium corporation, telling you everything from its financial health to the rules residents need to follow. Understanding status certificates is crucial, whether you're eyeing your dream condo or preparing to list your unit. Let's break down what you need to know.
Camille Archer
Client Success Manager
Buying Real Estate
—
Feb 16, 2024
Why You Shouldn't Do Same Day Property Closings
The idea of closing on your property sale and immediately purchasing a new home on the same day can seem like a streamlined, efficient approach. At first glance, it sounds like a seamless transition from one home to another without the hassle of temporary housing and/or bridge financing. The problem is, this strategy is filled with complexities, risks, and unexpected challenges that can turn what seems like a convenient solution into a stressful experience.
Joel Fox
Co-founder and COO
Buying Real Estate
—
Jan 19, 2024
10 Red Flags When Buying A House | Homebuyer Guide
Buying a new home can be one of the most stressful experiences in life. But it doesn’t need to be. In this article, we will reveal the top 10 red flags when buying a house to look out for to minimize your risk of buying a ‘money-pit.’ After all, knowledge is power, especially when it comes to buying a house.
Joel Fox
Co-founder and COO