Not exact matches
The tax is the first
of its kind in Canada, requiring
homeowners who
do not live in or rent out their properties to pay a one per
cent levy based on the assessed value
of the home.
Last week, the Office
of Superintendent for Financial Institutions gave notice it is looking into whether it needs to lower the amortization period to 25 years for
homeowners with over 20 per
cent equity, so - called conventional mortgages that
do not require government - backed insurance.
Mortgages that don't require
homeowner insurance surged 19 per
cent from a year ago, accounting for about 53 per
cent of the $ 1.13 trillion
of home loans at Canada's federally regulated banks, data from the Office
of the Superintendent
of Financial Institutions show.
Although the share
of resales concluded through Centris currently sits at 75 per
cent of total provincial resales, this
does not necessarily mean that the remaining 25 per
cent are resales concluded directly by
homeowners only, says the federation.
It comes from social media company Postling.com, which says 73 per
cent of homeowners are more likely to list with a Realtor offering to
do a video.
-- Only three per
cent of homeowners who renovated in the last two years say they
did not have any «renovation headaches».
* Over one - third
of married
homeowners (35 per
cent) wish they had taken the plunge (into homeownership) sooner than they actually
did.
• More than one - third
of Ontario
homeowners (36 per
cent) mistakenly think that after a real estate contract is signed, a buyer or seller has a trial period during which they can cancel it, and an additional 33 per
cent said they
do not know.
A further 32 per
cent of first - time homebuyers reported that they
did not feel prepared and knowledgeable about the process, and only half
of Ontario
homeowners aged 18 to 34 felt they were prepared and knowledgeable about it.
A survey by the Real Estate Council
of Ontario (RECO) says 41 per
cent of Ontario
homeowners and 45 per
cent of first - time homebuyers wish they had
done something differently when buying or selling their home.
According to the U.S. online survey, 35 per
cent of all married couples purchased their first home together by their second wedding anniversary, and 80 per
cent of married
homeowners who purchased their home while married said it
did more to strengthen their relationship than any other purchase they made together.