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Times are tough: Survival Financing or Bankruptcy?

Times are tough: Survival Financing or Bankruptcy?

The following information comes courtesy of Dan White, President, Tax Audit Solutions. This company has decades of experience in all areas of tax problems. They are Tax Representatives. Solving Tax Problems is their main focus. If you are in trouble trying to resolve...

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A (Hard!) Lesson Learned!

A (Hard!) Lesson Learned!

An Ontario Court of Appeal delivered an expensive lesson to a GTA homebuyer who made an unconditional offer that was later retracted. Back in 2017, 'Sammy'  had made an unconditional offer on an East GTA, Ontario, home for $1,871,000. Following the introduction of the...

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CMHC’s FTHB Incentive Off to a Slow Start

CMHC’s FTHB Incentive Off to a Slow Start

As reported recently by Canadian Mortgage Trends, the voice of Canadian Mortgage Professionals, CMHC’s First-Time Home Buyer Incentive (FTHBI) is off to a slow start. The initiative had been widely criticized at its inception as nothing more than a cynical election...

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Scams against Seniors

Scams against Seniors

Fraud comes in all shapes and sizes, from investment swindles and suspicious phone calls to online scams and ID theft. There are many reasons as to why and how this takes place.Generally, this generation was raised to be polite, so may be easily pressured or...

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Missed a Mortgage Payment Lately? How can I help?

Missed a Mortgage Payment Lately? How can I help?

There are times in our lives when the unexpected happens and we find it difficult to cope financially. It could be a job loss, an unexpected illness, the death of a loved one or separation and divorce. There may be enough money to get by for a few months, but soon...

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First Time Home Buyers Incentive Programme

First Time Home Buyers Incentive Programme

A boon for first time home buyers or a cynical election ploy? A new CMHC (Canada Mortgage and Housing Corporation) program designed to make it easier to buy a home would be limited to first-time buyers who earn less than $120,000 a year. On Monday September 2nd the...

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Realtors: Helping your clients downsize

Realtors: Helping your clients downsize

1. HELP YOUR CLIENTS DOWNSIZE Many older clients are looking to downsize so that they can pay-off their debt and free up some income for retirement. However, downsizing may require your client to move out of their neighborhood, or move to a much less desirable...

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The Pros and Cons of Land Lease Home Purchases

The Pros and Cons of Land Lease Home Purchases

The advantages of a land lease: Land-leasing is a form of home ownership that reduces the capital costs of buying a house. By going this route, residents buy their home and own it outright and lease the land. As a result, the purchase price is often reduced because...

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Tougher Mortgage Rules “Stress Test”

Tougher Mortgage Rules “Stress Test”

According to a recent article in Canadian Mortgage Trends, by Mortgage Professionals Canada, only half of Canadians are aware of the stress test requirements. While this isn’t necessarily alarming, given that most people aren’t imminently buying a house and don’t need...

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