GST TAX ON NEW HOMES
If your thinking about purchasing a brand new home, (or one that is substantially renovated click here for more info on renovated homes ) You are also going to want to think about GST! WHAT IS GST? The goods and services tax (GST) is a value added tax introduced in Canada on January 1, 1991, by
Things to Know About Mortgage Insurance
WHAT IS MORTGAGE DEFAULT INSURANCE? Mortgage default insurance, which is commonly referred to as CMHC insurance or just mortgage insurance, is mandatory in Canada for down payments between 5% (the minimum in Canada) and 19.99%. Mortgage default insurance protects lenders, in the event a borrower ev
What You Need to Know About Pre Qualification vs Pre Approval
Pre Approval Vs Pre Qualificationhttps://youtu.be/nGzJPPGIMSE Austin Towne from RE/MAX Lifestyles Realty partners with Alex McFadyen, and Deryk Williamson from Thrive Mortgage Co. to discuss the difference between Pre Approval Vs Pre Qualification. Pre Approval and Pre Qualification is something peo
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