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My Experience With the New Residential Rental Property Rebate (HST Rebate)

HST Rebate: background info: I wrote about the HST issue a couple months ago, calling it the “Elephant in the Room” with respect to the pre-construction condo market. I wanted to follow up this post with my own personal experience with dealing with the HST rebates (New Residential Rental Property Rebate-NRRP) when buying a new […]

Statement of Adjustments from Hell

When buying a new condo, you need to be aware of the costs involved. Buying a new condo is not the same as buying a resale condo, there are additional costs you will incur on closing day. The sales people at the condo sales centres will NEVER bring any of these items to your attention. A […]

Developers Rolling Out Incentives

There has been such a crush of new condo launches in the past 6 weeks that developers are now actually being forced to compete with each other for buyers! Who’da thunk it! There have been so many launches (or at least soft launches to the Realtor community), representing thousands of units of inventory that even […]

Client Service Is For Clients

Using a buyer’s agent is not for everyone. Even though I constantly preach on this blog that having a buyer’s agent is absolutely necessary I recognize that not everyone agrees with me. Some buyers prefer to go directly through a seller’s agent, or in the case of new construction-directly through the developer. Everyone has their […]

10 Days is a Long Time To Think

When you buy a new condo in Ontario, you have 10 days after you receive your copy of the executed agreement of purchase and sale and the condominium documents to rescind on your agreement if you choose to do so. This can be for any reason whatsoever, technically you do not even have to provide […]

New Condo Sales Back From The Dead

After nearly a year of massive declines in sales and stagnant or falling prices, it seems that new condos are back. Urbanation’s sales figures for Q2 2009 show a dramatic change from Q1. We aren’t back to the hedy days of 2007-2008, but 2963 units sold sounds a heck of a lot healthier than the […]

New Details on The HST

The provincial government is proposing to harmonize the GST with the PST. This new tax will be known as the HST. This would underlying principle is to increase efficiencies by having just a single tax, however, some goods (like housing) that have never been subject to the PST, suddenly would be. This has many people […]

Monarch Introduces “Sales Tax Protection Program”

I received an interesting email from Monarch today that stated: Unsure of how the Harmonized Sales Tax (HST) will affect your condominium purchase? Rest assured! Let your confidence soar with Monarch! Monarch understands your concerns about the Government of Ontario’s intentions to harmonize the PST with the Federal GST. To ease your concerns of buying a new […]

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