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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com





News
18 September 2019

Divorces and issues they bring to mortgages

It has been said that half of marriages don’t last forever and end up with a divorce. The exact number may be a little bit different, but there are serious issues when it comes to dividing assets, including houses, and further mortgage payments.

“A home purchase is a strictly commercial deal which doesn’t depend on your marital status,” - noted Nathalie Boutet of Boutet Family Law & Mediation. “In case one partner moves out and the other keeps living in the house, they will still face the previous mortgage obligations, and the faster they find a solution the better it is for their credit ratings”.

Statistics Canada says there were about 2.64 million divorced people in Canada in 2018. And although divorcing couples tend to fight over their marital home as an asset, the range of issues is actually much wider.

 
17 September 2019

Liberals' plans of a new foreign buyers’ tax could hardly bring results

According to specialists, the Liberals’ promise of a new tax for foreign home buyers could be not enough for cooling the recovering real estate markets.

As you know, the party said in case of re-election, it would address the issue of foreign speculation, pushing housing prices higher. The new measure will be represented by a 1% speculation and vacancy tax on residential properties applied to non-resident, non-Canadian buyers.

The tax will add up to the current measures aimed at foreigners in numerous markets, especially in Vancouver and Toronto. The Liberals said their measure will be similar to the one in British Columbia, where a 2% foreign buyers tax has been implemented.

 
16 September 2019

Toronto new home buyers pay the highest government fees in North America

The recent report by Altus Group shows that new-home buyers in Toronto are dealing with one of the highest government-related fees in North America.

It turns out the government-related charges can raise the total cost of buying a new detached house by $222,652, which is about 20% of the final home prices.

It’s three times more than the average fee on the same housing type in such U.S. areas as San Francisco, Miami, Boston, New York City, Chicago and Houston, and about twice higher than in Ottawa, Vancouver, Calgary and Montreal.

 
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News

18 September 2019

Divorces and issues they bring to mortgages It has been said that half of marriages don’t last forever and end up with a divorce. The exact number ma...Read more >>

17 September 2019

Liberals' plans of a new foreign buyers’ tax could hardly bring results According to specialists, the Liberals’ promise of a new tax for foreign home...Read more >>

16 September 2019

Toronto new home buyers pay the highest government fees in North America The recent report by Altus Group shows that new-home buyers in Toronto are ...Read more >>
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