Sutton Systems

Lending money to someone you know or are related to is a generous gesture, but must be gone about cautiously. See if you can help them out in an alternative form. Perhaps offer babysitting services, help them search for discounts or bargins at furniture stores, etc. If you do decide to offer financial support however use these ...

Two of the combatants in Canada’s latest mortgage war are already signaling they wants a truce. Royal Bank of Canada and TD Bank say they will move residential mortgage rates higher on Thursday. The rate increase comes less than three weeks after Bank of Montreal appeared to launch a new mortgage war among lenders by cutting its rates, ...

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 ...