Sutton Systems

Mortgage Insurance Rules are changing!  Finance Minister Jim Flaherty has unveiled some new rules and we have outlined them below to help you.  In keeping you up to date with today's changing market, we thought you would like to know that Finance Minister Jim Flaherty has unveiled three new rules:  Mortgage amortization ...

Ontarians really like their cottages and 2nd condos!  But since April 19th, and the new stricter lending guidelines obtaining financing is getting a bit trickier than for a principal / primary residence.Lenders have tougher requirements for second homes, figuring that if you get in financial difficulty, you’ll be more ...

The First-Time Home Buyers Tax Credit (HBTC) is one of the measures provided by the federal government in 2009 to encourage investment in Canadian housing.For 2009 and subsequent years, the HBTC is a new non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home after January 27, 2009 (i.e., ...

The Basics on how the HST is calculated if you are a Home Buyer, Seller, Landord or Tenant.  The Ontario provincial government has provided rules/guidance on how it will transition to the implementation of the proposed Harmonized Sales Tax.   How the HST will work:     The Ontario provincial government has ...

With the Canadian Government constantly sending us messages about saving for our retirement, I can't think of a better way of creating wealth than paying off your own mortgage than your landlords.   But let's look at some survey's of what other Torontonians and Canadians think about real estate as an ...

Toronto Real Estate Update on Mortgage Rates.   We all knew it was coming, little hints that rates would not stay this low forever, but it still came as a surprise today when three big banks announced they would be hiking their mortgage rates overnight..Predictions were rates would stay unchanged until June with many economists saying ...

The April 19th deadline is quickly approaching, and you can feel the rush in the active March real estate market.   Sales for the GTA were up 70% from the same time last year reported the Toronto Real Estate Board members.   Finance Minister Jim Flaherty new mortgage rules are being aimed at stopping housing speculators ...

The Basics on how the HST is calculated if you are a Home Buyer, Seller, Landord or Tenant.  The Ontario provincial government has provided rules/guidance on how it will transition to the implementation of the proposed Harmonized Sales Tax.   How the HST will work:     The Ontario provincial government has ...

Canada's red hot housing market may get a little hotter following the federal government that new mortgage rule changes are coming to discourage cash-light buyers and speculators.Market analysts say those who were just managing to qualify for government-insured mortgages may rush into the market before stricter rules take effect ...

The Real Estate market at a Glance:The Toronto Real Estate Board reported an increase of 74% in sales in the first two weeks of February, 2010 compared to the same period in 2009 when resale transactions dipped due to the recession..The mid February sales total was 7.7 percent above the previous high set in 2006.  .The Average price of a ...