Ontario offers 1st-time homebuyers bigger tax break

Rising house prices will boost land transfer tax revenues by 15% this year, province says

The Ontario government is moving to double the maximum tax rebate offered to first-time homebuyers while boosting the land-transfer tax on house purchases above $2 million.

Finance Minister Charles Sousa made the announcements in his

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Thank Ottawa for rising rates on longer amortization mortgages as banks move to cover costs

Toronto-Dominion Bank is raising rates on mortgages with amortization lengths above the traditional 25 years, a move industry analysts suggest comes in response to tougher government regulations.

Toronto-Dominion Bank is raising rates on mortgages with amortization lengths above the traditional 25 years, a move industry analysts suggest comes in response to tougher government regulations.

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Elena Roy
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