New rules to make it easier to self-employed in Ottawa to get a mortgage
Are you self-employed and having a hard time getting approved for a mortgage to buy a house in Ottawa? Well, we have good news!! Canada Mortgage and Housing Corporation (CMHC) has announced that it would be changing the documentation that lenders can use...
Ottawa’s 2018 spring market update
Ottawa’s 2018 spring market update We wanted to update our clients and readers about the situation of the real estate market in Ottawa because it is VERY COMPETITIVE at this time. The market conditions have changed this year because of low inventory levels...
Pet friendly condominiums in Ottawa
List of some pet-friendly condominiums in Ottawa As pet lovers ourselves, we know how important it is to make sure that our prospective next home will accept our dogs. It is very common to find condominiums that don't allow pets and specifically dogs. As a...
Master Bathroom Staging Step by Step
Bathrooms and kitchens sell homes. Our goal is to recreate a spa-like experience to Buyers so they would feel attracted to it. You don't have to spend a fortune to create the illusion of a spa. With Patricia's advice and these well-kept secrets, you will...
Buying a home for the first time? Take advantage of the Home Buyers’ Plan (HBP)
If you are buying a home for the first time in the Ottawa area, you definitely should take advantage of the Home Buyers’ Plan (HBP). With the use of this plan, you may even get more cash to add to your downpayment. The Home Buyers' Plan (HBP) is a program...
New rules make more difficult for homebuyers to finance a home
If you are thinking of buying a house with a mortgage, get pre-approved for your financing before starting the process Why? because under the new lending rules, you may find that you can't afford as much house as you were before. in the last years, the...
RENTING YOUR PLACE…FURNISHED OR UNFURNISHED?
If you’re are renting your house or condo in Ottawa, chances are at some point you’ll be considering a furnished vs. unfurnished lease. Each option has its pros and cons. The bottom line is that most places will perform better unfurnished...
Your backyard could become extra income…
A coach house (separated second house) is now permitted in any lot in Ottawa also containing a detached or semi-detached house, linked detached, townhouse or duplex dwelling, under certain rules. For example, the coach house has to be built in...
Land Transfer tax for First Time Home Buyers in Ottawa
MORE GOOD NEWS FOR FIRST TIME HOME BUYERS IN OTTAWA! Beginning January 1, 2017, no land transfer tax would be payable by qualifying first‑time purchasers on the first $368,000 of the value of the consideration for eligible homes in Ontario....
BIG NEWS! If you sold your home, you have to report it to the CRA
Starting for the taxation year of 2016, a home sale that took place after January 1, 2016 needs to appear on your income tax return. This is part of the changes that the Liberal government introduced with the new federal mortgage rules last...