Canada’s New Downpayment Rules
On December 11th 2015, Finance Minister Bill Morneau announced in a press conference that the Canadian government is making changes to the minimum downpayment for insured mortgages between $500k and $1M.
The changes will come into effect on February 15th 2016. Find more information on the original post.
Property Transfer Tax Calculators
If you are wondering about the cost of the property transfer tax, our friends over at Spagnuolo & Company Lawyers have just updated the calculators on their site. Not only to they have a standard PTT calculator, they have just added new calculators for First Time Home Buyers and New Home Construction. Have a look right here.
Click the image below… see what happens! We dare you!
Happy To Help
If you’re looking to purchase your first home, refinance or renew an existing mortgage, or if it’s time to upsize or downsize, or maybe you have no idea what you want, you have come to the right place! Here at HomeHappy we are with you every step of the way!
And we’re not just saying that! We really mean it. We would be happy to hear from you anytime!