Our Home Buyer’s Guide is a series of articles that detail the processes of buying pre-construction properties. Also included are several pages that discuss more general topics, such mortgage practices and the Canada Revenue Agency’s real estate tax laws.
On March 25, 2026, Premier Doug Ford announced that Ontario will temporarily remove the full 13% HST on new home purchases -- and the federal gove
Due to the recent rises in interest rates, those who have purchased new condo units will receive interest on their deposits. The prescribed interest rate is lai
Vacant Home Tax Beginning in 2023, the City of Toronto will levy a tax on vacant and underused homes. The following criteria will apply when
GST Goods and Services Tax and HST Harmonized Sales Tax rebates are available for buyers of pre-construction units. The procedures to obtain them differ dependi
Buying a home and renting one both have pros & cons, but which one is right for you depends on each individual situation. Benefits of Buying
For some, house hunting and the process of purchasing a new home can be a wholly unfamiliar process. This can lead to mistakes-especially for first-time buyers.
With every passing year, condominiums make up a greater percentage of the Greater Toronto Area's housing growth. While condominiums are normally thought of as l
For first-time home buyers, making that first purchase can be an intimidating process. To that end, we at VIP Condos Toronto recognize the difficulty of this pr
Because the project has not yet been officially registered, homes and condominium units that are sold pre-construction cannot technically be "sold" prior to com
Getting a mortgage can make the buying of your first home much easier-as it eliminates the need to pay the entire purchasing price up front. However, it can sti
Buying pre-construction properties is similar to purchasing homes or condos on the resale market-albeit with several small differences. This page will break dow
Unlike resale purchases, pre-construction condos include two separate closing stages-which are known as the interim occupancy stage and the final closing stage,
The simplest way to think about a real estate investment is simply whether or not the value of the property is higher than when you first bought it. However, th
The benefits of buying pre-construction condos & homes through a Platinum sales representative are quite extensive. If you are interested in purchasing pre-
Once you have sold your home, in most cases you are not liable for taxes on any profit gained from the sale. This is due to the "Principal Resi
The pre-delivery inspection commonly referred to as a PDI is the homeowner's opportunity to examine and scrutinize their new, completed residence before the pur
Condominium ownership will involve monthly maintenance fees. These condo fees do not go to the builder-rather, they are managed by
VIP Condos Toronto sincerely hopes that you and your loved ones are remaining safe and healthy throughout this difficult time. In recognition of the extraordina
Buying a preconstruction property in Toronto can be a daunting task-but the rewards can be extremely lucrative. We at VIP Condos Toronto have compiled a list of
Equity While levels can vary depending on several different factors including changes in the property value and/or the balance of a mortgage. every hom
Buying your first home can be a daunting process. However, the rewards are incredibly gratifying and can lead to lifelong investment benefits. The Government of
As part of the Government of Canada's Home Buyer's Plan, withdrawals from an individual's registered retirement savings plan RRSP can be made to finance the pur
A closing cost is always incurred upon purchasing a home. In Canada, this can range from 1.5% to as high as 5% of the total purchase price. These costs are an i