Archive for July, 2009

Discover what has the biggest impact on your credit score Also… How to deal with less than perfect credit on the fly! Summertime is time for vacations. You tend to slow down a bit and have more time on your hands which makes it also a perfect time for cleaning up your less than perfect […]

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New home construction rose for a second straight month in June, in what analysts say is another sign that the worst may be over for the Canadian housing market. CMHC said Thursday there were 140,700 new homes constructed in June on a seasonally adjusted annualized basis. Construction was up almost 8% from the 130,300 May […]

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1) Land transfer tax. The Property Transfer Tax is a tax payable to the Provincial Government by purchasers of real estate.  The tax applies to all types of real estate, whether residential, commercial or industrial. The amount of the Property Transfer Tax is 1% on the first $200,000.00 of the property’s fair market value and […]

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The key to Canada’s bubbly housing success been the CMHC . The Canada Mortgage and Housing Corporation writes guarantees on most Canadian mortgages originated at greater than 80% Loan-to-Value. This agency has been on a massive expansion binge of late. In 2008, a year of synchronized global recession, the CMHC expanded its mortgage insurance in […]

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