All in Real Estate
Buying your first home in Canada just became more affordable. As of March 2026, the Canada Revenue Agency (CRA) is now accepting applications for the First-Time Home Buyers (FTHB) GST/HST rebate—a new incentive designed to help Canadians enter the housing market. Whether you're purchasing a newly built home, renovating, or building from scratch, this rebate could save you up to $50,000 in taxes. Here’s everything you need to know about eligibility, rebate amounts, and how to apply.
In the fast-paced world of real estate, deals can often go awry, leaving both buyers and sellers scrambling. One such case unfolded in New Tecumseth, Ontario, where an avoidable breach of contract in a cooling real estate market cost one buyer dearly. Here’s a look into the legal drama and the crucial lessons learned.
As you know, this year will be an exciting yet challenging one. We are hopeful that the interest rates will fall and stabilize for home buyers, but we are also approaching that time when many mortgage holders are renewing their mortgage at a substantially higher interest rate than what they started with at the height of the pandemic. Based on a recent Royal LePage survey, 15% of the Ontarians in the survey will be renewing their mortgages this year alone and 74% of these mortgage holders are worried about their mortgage renewals. Not to mention that variable rate holders are already feeling the weight on their shoulders, from interest rates to gas and food prices. Unfortunately, financial struggle and re-organization is inevitable for many.
This appeal emerges from a real estate transaction that hit a financing snag. The Buyers engaged in an agreement to purchase a residential property in Waterloo, Ontario. Unfortunately, the deal fell through as their financing became unattainable within the agreed timeframe. Subsequently, the Sellers sold the property to third parties at a higher price and retaining the buyers' deposit.
It is important to note that even if the parties meet the legal definition of common law, this does not mean that they have any interest in the other person's property. A legal common law relationship can impose support obligations on each other. However, parties must legally be married, before a party acquires any interest in real property.
A common problem in Family Law situations is when the client sells a matrimonial home and plans to use their share of the proceeds to buy another home. his can become a nightmare if the agent is not careful!
