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Renting Out Your Private Parking Could Cost you $25,000 to $50,000 Fine

August 28th, 2013

Renting out a private driveway or underground parking spot to the public breaks several bylaws, said Elizabeth Glibbery, acting director of investigations at the city’s municipal licensing and standards branch. “As soon as you start renting it out, you’re now entering into a licensing, business-type agreement,” she said. The fine for a conviction, she said, [...]

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Requirements to Withdraw From your RRSP Tax Free for the Home Buyers

April 3rd, 2013

About a year ago, I introduced Home Buyers’ Plan (HBP) on my blog, and I had received many questions from readers.  Today let’s look at what are the requirements must be met for home buyers to withdrawal funds from their Registered Retirement Saving Plan (RRSP) tax free to buy or build a qualifying home. Qualifying [...]

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First-Time Home Buyers’ Tax Credit

November 16th, 2012

First-Time Home Buyers, do you know about First-Time Home Buyers’ Tax Credit (HBTC)? For 2009 and subsequent years, the HBTC is a new non-refundable tax credit based on an amount of $5,000. The HBTC is calculated by multiplying the lowest personal income tax rate for the year (15% in 2009) by $5,000. So for 2009, [...]

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Canada’s Shrinking Living Space

September 20th, 2012

Thinking about downsizing your home? Find your perfect New Home HERE When it comes to housing, Canadians are paying more for less. That’s due in part to the shifting structure of the country’s most expensive markets, Toronto and Vancouver, where more households are now living in high-rise buildings. The stock of condos is growing and the [...]

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Residential Developments in the Redeveloped Ontario Place

August 3rd, 2012

Calling it “an exciting model for a new Ontario Place,” John Tory, who headed an advisory panel on the provincially owned park – Ontario Place should sell a chunk of land to developers potentially for Condos. He is a broadcaster, former mayoral candidate, and Greater Toronto CivicAction Alliance chair. He summarized the panel is calling [...]

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RBC Economics: No Bubble in Toronto’s Condo Market

July 25th, 2012

A bubble does not exist in Toronto’s condo market, says a new report by the economics department of Royal Bank of Canada, the country’s largest bank and biggest mortgage lender. The report, titled “Booming Toronto Condo Market Does Not Imply a Bubble”, was published today and runs contrary to recent statements made by Jim Flaherty, Canada’s [...]

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New Federal Canada Mortgage Rules & Their Impact on Mortgage Clients

June 22nd, 2012

The changes will take effect on July 9, 2012.  Before then it’s important the mortgage clients know what these changes will mean to them and their mortgage. Here are the four major changes Flaherty is making to mortgage rules: 1.  Less Refinancing The maximum refinancing amount will be reduced from 85 to 80%. 2.  Shorter [...]

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Home Buyers’ Plan (HBP)

May 25th, 2012

The Home Buyers’ Plan (HBP) is a program that allows you to withdraw funds from your registered retirement savings plan (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. You can withdraw up to $25,000 in a calendar year. Your RRSP contributions must remain in the [...]

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ecoENERGY Retrofit Program Ends Early

January 31st, 2012

The Federal Government, on Sunday, January 29th, announced that it is no longer accepting applications for the ecoENERGY Retrofit Program. Set to expire at the end of March, the announcement ends the program two months earlier than scheduled. As part of the Economic Action Plan, the Government of Canada has provided the ecoENERGY Retrofit to [...]

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Waterfront Toronto Announced: New Amenities will Add to River City Neighbourhood

January 19th, 2012

Waterfront Toronto announced the new amenities will add to River City neighborhood such items as, * 82,000sq.ft. YMCA, complete with a swimming pool * A dormitory for George Brown College, to go with their new Waterfront campus * New Front Street promenade connecting the West Don Lands to Union Station * Cherry Street streetcar line, [...]

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Ashley Fray
Remax - Ashley Fray - Condos Toronto

1170 Bay Street Unit 110

Toronto,Ontario,M5S 2B4
Canada
416‐917‐4007


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