Since November and December 2024, a straight switch at renewal no longer requires requalification at the minimum qualifying rate — for insured, uninsured and low-ratio mortgages. Three limits matter.
The Bank of Canada puts the average increase for the five-year fixed pandemic cohort at about 15 per cent, revised down from 20. Here is the full grid by original and renewal rate, plus the arrears numbers stated properly.
The gap between renting and owning is a sequence, not a savings target. Minimum down payments, the stress test, closing costs, and the notice mistake that costs people a purchase.
A sale does not end a tenancy. Buyer showings need 24 hours’ written notice with a stated day and time. A purchaser’s own use notice is only available in narrow circumstances, and still carries compensation.
An AGI is capped at 3 per cent above the guideline per year over up to three years, rests on only three statutory grounds, and can be dismissed where work orders are outstanding. Sourced to the Act.
A rent-versus-buy comparison that counts mortgage interest rather than the whole payment, includes the forgone return on the down payment, and refuses to guess at price growth. Calculator included.
The full Toronto MLTT bracket table effective 1 April 2026, topping out at 8.60 per cent, plus the first-time buyer rebates and the municipal 10 per cent non-resident tax that stacks on the provincial one.
The Vacant Home Tax forms a lien on the property and the City states the purchaser will be held responsible where no declaration was made. Rate, deadlines and what to confirm before closing.
CRA Notice 323 excludes a deposit reimbursement from taxable consideration on an assignment only if the assignment agreement says so in writing. Silent agreements are taxed on the full amount.
Check which of the four Ontario new-home tax rebates you fall inside — the $50,000 federal first-time buyers GST rebate, two separate $80,000 Ontario programmes with different date windows, and the existing $24,000 rebate. Runs in your browser.
