The Home Buyers’ Amount (HBA) is a non-refundable credit that allows first-time purchasers of homes, and purchasers with disabilities, to claim up to $5,000 in the year when they purchase a home. The non-refundable tax credit rate of 15% means the actual reduction of your taxes will be $750. If your federal taxes are less than $750, your credit will be reduced accordingly since it is a non-refundable credit. You can divide the credit between your return and your spouse or common-law... [read more]

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The pandemic has influenced many areas of our lives these past few months. It’s not surprising that it’s also affecting the design of our homes. We are adapting our personal spaces to reduce our exposure to the coronavirus.   Let us look at some of the biggest home design trends influenced by the pandemic. The growth of home offices Home offices, once considered a luxury, are now becoming more popular. Requests for purpose-built offices with systems capable of... [read more]

The housing market followed an unfamiliar path in 2020. Following the steep COVID-induced drop-off in demand during the spring, home sales roared back to record levels throughout the summer and fall. A strong economic rebound in many sectors of the economy, ultra-low borrowing costs and the enhanced use of technology for virtual open houses and showings fuelled and sustained the housing market recovery.   Ontario - Resale Market Thrives Despite Pandemic Toronto, January 06,... [read more]

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