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Land Transfer Tax
On October 22, 2007, Toronto City Council approved a new land transfer tax which takes effect on February 1, 2008. All purchasers pay: one-half of one percent of the value of the consideration on sales up to and including $55,000. one per cent of the value of the consideration on sales exceeding $55,000 up to [...]
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Rent vs. Buy
Should you rent or buy a home? Consider the pros and cons of renting versus buying a home to see what makes the most sense for you. To buy or not to buy — that is the question. In fact, it may be one of the biggest questions you ever ask yourself. Depending on your [...]
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Title Insurance
Title Insurance is an insurance policy covering the condition of title or ownership of real property at the time the policy is issued and is used to provide ownership protection for a purchaser against losses or damages suffered as a result of title problems. Title insurance is obtained, typically by the purchaser’s lawyer prior to [...]
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Home Buying Step by Step
CMHC’s Home Buying Step by Step guide is here to make things easier for you by providing the information you need to make a wise home buying decision. This section provides examples and worksheets that will guide you through the entire home buying process, from the moment you make the decision to buy your own [...]
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