March 15, 2011 Toronto Star Mary Gazze

The national average price for homes rose 8.8 per cent year-over-year in February, but a group of Canada's realtors suggest they might not stay at those levels for much longer as stricter mortgage rules come into effect.

The Canadian Real Estate Association

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Jim Flaherty, Minister of Finance, and Christian Paradis, Minister of Natural Resources, announced the following adjustments to the rules for government-backed insured mortgages to support the long-term stability of Canada's housing market. Reduce the maximum amortization period to 30 years from

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With winter comes snow.  But before it flies, here is some important information to help you make it through the season:

City Streets

• Primary and secondary roads are salted and sanded first, followed by residential streets
• Snowplows are dispatched on primary and secondary routes when accumulation

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56% mistakenly believe HST applies to purchase price

Toronto, Ontario, October 27, 2010 - An Ipsos Reid survey commissioned by the Ontario Real Estate Association (OREA) and released today reveals that fully 56 percent of Ontarians mistakenly believe that the new Harmonized Sales Tax (HST) applies

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A U.S.-style housing crash is unlikely in Canada, says a study by the C.D. Howe Institute.

A decline in underwriting standards played an essential role in the American housing boom and subsequent bust. That has not been the case in Canada, says the study released Tuesday.

It comes on the heels of

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This credit is based on eligible expenditures for work preformed or goods acquired after January 27, 2009 an before February 1, 2010.

An individual's principal residence where it is owned by the individual and ordinarily inhabited by the individual will be considered as an eligible dwelling.

The

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 We need your help.

The Ontario Real Estate Association is urging the government of Ontario to avoid harmonizing the PST with the federal GST.

As you know, Premier Dalton McGuinty and Finance Minister Dwight Duncan have been openly musing about the possibility of harmonizing the goods and services

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The Bank of Canada cut its benchmark overnight lending rate by one-half of one percentage point to 3 1/2 per cent on March 4th, and signaled further cuts in the near future. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, now stands at 3.75 per

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Government of Ontario just announced and extension on the First Time Home Buyers Program Land Transfer Tax rebate of up to $2,000 on Resale homes as well as New Homes, click here for more details;

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