CMHC Calls for Surtax on $1M+
Get your complementary Pre-Approval from aDiamondMortgage, here. CMHC-Backed Report Calls for Annual Surtax on Homes Valued at $1M+ A new report backed by Canada’s national housing agency is calling for a home equity…
Homes Tax put on Vancouver’s mortgage holders?
Owners of secondary properties in Vancouver have at least one reason to dread 2021: a near-tripling of the city’s Empty Homes Tax. On November 25, after Vancouver city council voted in favour…
Financial Literacy: Understanding how the Smith Manoeuver works
In Canada, interest paid on your mortgage for your personal residence is not tax-deductible. The Smith Manoeuvre is a strategy used to convert the interest you pay on your mortgage…