Buying

High borrowing costs, record completions lead to condo oversupply

Condo prices in the Greater Toronto Area fell as the number of active listings grew. Experts predict a gradual...

Mortgages

What is porting a mortgage in Canada—and when should you do it?

While there are many factors to consider, porting a mortgage makes the most sense when your existing mortgage rate...

Ask a Planner

Tax implications of adding a child’s name to your rental property

To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to...

Mortgages

What happens if your mortgage renewal is denied?

Many home owners are experiencing “rate shock” upon renewal—and in some cases, getting turned away by their lender. Here’s...

Save

Why a reverse mortgage should be a last resort for most Canadian retirees

Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...

Real Estate

Open bidding in Ontario: Game-changer or business as usual?

An Ontario law came into effect last year, designed to add transparency to the home-bidding process. Has it changed...

FHSA

Can you use the FHSA and HBP together?

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Real Estate

Yes, a cottage is an investment property—here’s how to minimize capital gains tax

Should you “invest” in a cottage? And if you do, what happens when you sell it, give it away...

Taxes

Can I sell my cottage tax-free?

Is there a tax exemption for capital gains? No, but find out how to allocate your principal residence exemption...