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Jatinder Samra's blog
Ontario Caps 2023 Rent Increase guideline to help protect tenants from significant rent increases !!
The Ontario rent increase guideline for 2023 has been set at 2.5 per cent. The 2023 guideline is applicable to most rent increases between January 1 and December 31, 2023.
First -Time Home Buyers may be eligible for a 15% income tax credit for closing costs .
The FTHBC is claimable for the taxation year in which the home is acquired .
Whether you hide out in your house, allergies will always find you. Allergies present a number of health problems for people, including respiratory issues, itchiness, watery eyes, and general discomfort. When you couple some budding flowers with a good “spring cleaning”, you end up having a recipe for allergy disaster.
Generally, title fraud harms the individual homeowner. Often, it involves someone using stolen identification or forged documents to transfer a registered owner's title (deed) to himself/herself. It also involves that person securing a mortgage on a property and then disappearing with the mortgage proceeds. Title fraud usually occurs in 10 reported cases out of 2.2 million real estate transactions per year.
Now is not the time to panic. Now is the time to know the facts !!
A Recession Does Not Equal a Housing Crisis. The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. Recessions and decreased by less than 2% in the 4th. All things considered, an economic slowdown does not equal a housing crisis and this will not be a repeat of 2008.
Working with Older Homes
People looking for a new home will go for an older model for several reasons. It might be because they feel it has more character, or because the price point makes them feel like they get a better “bang for their buck”. Some people prefer an older home because they like the idea of renovating a new space, top to bottom. However, there are always some things to consider when a buyer chooses an older home.
1. Purchase Offers Purchase offers dated prior to September 2nd, 2019 are eligible to apply for the program, so long as they are not closing prior to November 1st, 2019.
2.The program is expected to be operational Purchase transactions that have already closed prior to September 2nd, 2019 cannot be considered for the program.