CMHC decides to offer mortgage loan insurance for extended amoritizations.
In February 2006, CMHC introduced extended amoritizations for homeowner mortgage loan insurance to the Canadian marketplace. Prior to this pilot initiative, extended amoritization flexibility beyond 25 years was only available to homeowners under CMHC's Affordable Housing Partnerships and through its Energy-Efficient ...
The GST New Housing Rebate reduces, to some extent, the GST burden on the purchaser of a new residential property, where the house is priced less than $450,000. The maximum New Housing Rebate is $7,560.
For new houses priced $350,000 or less and possession and ownership passes to the purchaser on or after July 1 2006, the rebate is the least of:
a) 36% of GST paid or,
b) $7,560. ($350,000 ...
Property owners who turn 60 years old in 2006 or are already older may qulaify for a deferment of all or part of the unpaid balance of their residential property taxes!
The Property Tax Deferment Program is a low interest loan program that lets eligible home owners defer property taxes. Deferred property taxes are eventually deducted from the home's ...