First-Time Homebuyer? Read This Guide!

Tuesday May 14th, 2019


There are several key elements to consider when buying your first home. Some might neglect a few of these and be surprised after signing an Agreement of Purchase and Sale or upon closing. Read on to learn more.   Land transfer tax You must pay a provincial and/or municipal (if in Toronto) land transfer tax when you acquire land. It is calculated based on the purchase price, and will vary depending on which province where the land is. This applies only to resale... [read more]

Bank of Canada Rate Hikes

Monday Apr 30th, 2018


With the Bank of Canada keeping its rates at the current rate. It does raise the question as to when the current mortgage rate will rise. The central bank’s next interest-rate announcement is May 30, 2018, followed by one on July 11, 2018.  In theory, the central bank has to lift its current benchmark by 1.75 percentage points in order to return to normal. Markets see an 80 per cent probability the Bank of Canada will raise rates in May, while a hike is fully priced in for... [read more]

7 Common Myths About Buying a Pre-Construction Condo

Wednesday Apr 11th, 2018


Source: Tridel.com Buying a pre-construction condo is a big financial investment. First, it’s not built yet, so you’re buying based on a conceptual understanding of what the final building and suite will be like. Second, unlike buying a freehold property like a house, you’re also paying for maintenance, upkeep and common amenities. That’s why it’s important to consider all of the facts about buying a pre-construction condo before you... [read more]

Best Time to BUY - A Seasonal Guide

Thursday Mar 01st, 2018


If you’ve settled on the idea of buying a house within the next year, then first of all, congratulations! But now you’re probably wondering what specific factors could affect the deal you get for your new home. For example, can buying at a certain time of year make a difference to the price of a new home?   Like most markets, house prices are based largely on demand. The more demand there is, the more competition and the more price elasticity sellers can play with. Of... [read more]

Gallery Square Condos - Downtown Markham

Saturday Oct 21st, 2017


Gallery Square is a new condominium project by the The Remington Groupin the Downtown Markham. An art-inspired condominium community with creativity at its heart. Modern urban condos in one of North America’s most environmentally conscious master-planned communities, surrounded by art, culture, commerce, nature, education and more. It’s contemporary living raised to an art from. North America’s largest urban park, the rouge park, is just moments away. This is the setting... [read more]