In response to the public outcry regarding Miller’s new taxes, BMO is offering a promotion in which they will pay the city’s new land transfer tax for buyers. Of course certain restrictions apply including you must switch your primary bank account to BMO if it is not there already. However, if their interest rates are […]
It has only been a week since the news came out the BMO would be offering a program designed to eliminate the sting of Toronto’s new land transfer tax, and now TD has announced a similar program for home buyers in Toronto. If you are planning on buying a house in the next few months […]
Not a very sexy post title I know, but just because you are buying a pre-construction condo in Toronto doesn’t mean that you can avoid the world of traditional mortgages. Normally when you buy a pre-construction condo you have to put down a series of deposits to secure your suite with the developer. How much […]
As I talked about in my previous post, understanding deposit structures and mortgage approvals is essential to purchasing a new condo from a developer in Toronto. However, what do you do when you can get the funds for the deposits, but you run into trouble when it comes to securing mortgage preapprovals? This can occur […]
BMO Offers to Pay Land Transfer Tax
November 20, 2007 / by Andrew la Fleur / Insights
In response to the public outcry regarding Miller’s new taxes, BMO is offering a promotion in which they will pay the city’s new land transfer tax for buyers. Of course certain restrictions apply including you must switch your primary bank account to BMO if it is not there already. However, if their interest rates are […]
Read more
TD to Pay Land Transfer Tax Too!
November 30, 2007 / by Andrew la Fleur / Insights
It has only been a week since the news came out the BMO would be offering a program designed to eliminate the sting of Toronto’s new land transfer tax, and now TD has announced a similar program for home buyers in Toronto. If you are planning on buying a house in the next few months […]
Read more
Deposit Structure and Mortgage Approval for Pre-Construction Condos
August 18, 2008 / by Andrew la Fleur / Insights
Not a very sexy post title I know, but just because you are buying a pre-construction condo in Toronto doesn’t mean that you can avoid the world of traditional mortgages. Normally when you buy a pre-construction condo you have to put down a series of deposits to secure your suite with the developer. How much […]
Read more
Mortgage Approvals for Pre-Construction Condos: Part 2
August 19, 2008 / by Andrew la Fleur / Insights
As I talked about in my previous post, understanding deposit structures and mortgage approvals is essential to purchasing a new condo from a developer in Toronto. However, what do you do when you can get the funds for the deposits, but you run into trouble when it comes to securing mortgage preapprovals? This can occur […]
Read more