Overview: an in-depth guide to Power of Sale and Foreclosures in Ontario, with information on the process, risks and benefits, plus advice for homeowners. When that happens, they’re faced with two very difficult choices: Power of Sale or Foreclosure. But what do these two terms mean? And what exactly are…
Tag: Canada
Should You Open A First Home Savings Account (FHSA)?
Overview: a look at the new Tax-Free First Home Savings Account (FHSA), including what it is, who’s eligible, and its benefits and limits. What Is The First Home Savings Account? The First Home Savings Account (FHSA) is a new registered savings plan that allows first-time home buyers to save up…
Ontario Hikes Non-Resident Speculation Tax (NRST)
Overview: a look at Ontario’s updated Non-Resident Speculation Tax or NRST, including who it applies to, the properties it covers, and exemptions to the tax. What Is The Non-Resident Speculation Tax? The 15% tax was created to deter foreign nationals from buying up residential property in Ontario and making home…
Ultimate Guide to Estate Sales & Preventing Probate
Overview: a guide to estate sales and probate in Ontario, with information on probate law and advice on how to prevent it. The very idea of making a will can be stressful, but even more stressful is the reality of probate. That’s why I put together this guide. It walks…
Canada’s Vacant Home Tax & Foreign Buyer Ban [Updated]
Overview: a look at Toronto’s Vacant Home Tax (VHT) and Canada’s Foreign Buyer Ban, plus their impact on home sales, prices, inventory and more. Two of the biggest include Toronto’s Vacant Home Tax (VHT) and The Prohibition on the Purchase of Residential Property by Non-Canadians Act. The goal of both…