Marty's Musings | Law Firm of Martin K.I. Rumack

First-Time Homebuyers, Take Note: A Bigger Land Transfer Tax Refund Starting in 2017

April 26, 2017
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Are you a first-time homebuyer in Ontario? Then there is potentially good news for you! Those of you with an agreement of purchase and sale that closes after January 1, 2017 may be eligible for an increased Land Transfer Tax Refund of up to $4,000. This […]

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Marty’s 2017 Newsletter

April 26, 2017
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The Year 2016 – What Happened?

Canada

The good weather we enjoyed until the middle of December has gone with the wind, and winter has now arrived with a vengeance.  Both the Farmer’s Almanac and Environmental Canada are predicting heavy snow for the later […]

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WHAT ELSE IS NEW! Canada Mortgage and Housing Corporation Raises Premiums Again

March 13, 2017
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Canada Mortgage and Housing Corporation has announced an increase in their rates for mortgage insurance, starting in mid-March. CMHC has announced that the premium, which is calculated based on the mortgage’s loan-to-value ratio will add approximately $5.00 a month for borrowers on average […]

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New Rights for Tenants Who Are Sexual or Domestic Violence Victims: Are You “In the Know”?

February 28, 2017
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Effective September 6, 2016, the Ontario government implemented changes to the Residential Tenancies Act, 2006, which impacts both landlords and tenants in an important – and perhaps surprising – way.

What Has Changed?

The Sexual Violence and Harassment Action Plan Act, 2016 amends the legislation to benefit tenants who are […]

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