menu

Busy spring and summer housing market expected

Date Posted
14 May 2014
[caption id="attachment_624" align="alignleft" width="300"] (Photo credit: Ken Lund/Flickr)[/caption] Economists have murmured about Canada's housing market running into a soft or hard correction since the recession. But it doesn't seem like that's upon us yet. March's housing sales were quiet with construction on new homes seeing a steep drop, but it looks like sales and housing starts both picked up across the nation in April, according to the Globe and Mail. It's likely this was influenced by a harsh winter and a slow start to spring, says ReMax in its Spring Market Trends Report. Looking at some statistics across Canada, housing sales in Edmonton, Regina and Vancouver were up by a whopping double digits from last year. In these markets and others, house prices continued to climb, which makes it even harder for first-time buyers. Toronto's average home price is inching towards the $1 million mark as its real estate market is climbing towards astronomical heights that are seen in Vancouver. Also, the cities low rental vacancy rate is driving up the price of prime potential rental properties, which has led to the introduction of micro condos into Toronto's housing market. (A housing solution that began in Vancouver.) Out west, Winnipeg's market saw a slowdown, but it's expected to bounce back with healthy job markets and burgeoning industries, says the ReMax report. First-time homebuyers are realizing that homes are becoming more and more costly and it's no surprise that potential homeowners are upping their budgets in response to this new reality or delaying their home purchase. All in all, it'll likely be a seller's market since there remains a limited supply of homes on sale. But it may only be a matter of time before the feds step in with a new attempt to cool the market down. It's believed that the housing market remained busy during a global economic slowdown partly due to low mortgage rates, which just went below two per cent for the first time ever. Investor Group recently announced a three year, 1.99 per cent variable mortgage, which saw its original variable rate drop by 1.01 per cent. Mortgage rates are influenced by the Bank of Canada's overnight rate, which has remained at one per cent for more than 3.5 years with little sign of being increased this year. It's important to do your research and find the average cost of a home in a neighbourhood, along with saving extra money for closing costs. If you're considering the purchase of a newly built home or condo, you'll be eligible for an HST rebate which can help you save money on the cost of a home, whether it's an investment property or a place to call home.Collect the maximum HST housing rebate and ensure that the CRA won’t come knocking for its HST rebate back later by using Rebate4U. Our priority is to provide our clients with the most professional and quality service in obtaining rebates for their new and renovated homes. We are proud to offer our clients the most personal and attentive service, and we make sure that all of our clients are 100% satisfied.

Contact Us

Rebate Calculator

Please enter the total value of your renovation including tax.

Total construction cost
(including taxes)
$
Search Our Blogs

More of our Blogs

25 October 2024

Can You Apply for the HST Rebate More Than Once?

Those who’ve already applied in the past once may be considering applying again with a new home. If you want to apply again for the HST Rebate on New Homes, here’s what you should know.

View Full Post
17 October 2024

How the HST Rebate Can Make Your Renovations More Affordable

Renovating a home is an exciting yet expensive endeavour. Whether you're adding a new room, upgrading your kitchen, or modernizing your home's exterior, costs can quickly add up. Fortunately, if you're planning renovations or have recently purchased a new home, there's a financial break available that many people overlook—the HST rebate. The HST Rebate in Ontario can...

View Full Post
30 September 2024

Signs You've Made a Mistake on Your New Condo HST Rebate Application

Read on to learn the signs you've made a mistake on your new condo HST rebate application!

View Full Post
13 September 2024

Benefits of Tearing Your Home Down to Its Studs

Renovating your home by tearing it down to the studs can seem like an extreme measure, but it's often the most effective way to transform your living space. This process involves stripping a house down to its basic framework and rebuilding it with modern materials, updated systems, and improved layouts. Whether you're fixing structural issues or reimagining your home, going down to the...

View Full Post
29 August 2024

Why Apply for the HST Rebate If You're Renting Your New Property for the Academic Year

If you’ve recently purchased a new condo or home, and do not anticipate occupying it immediately as your primary residence, then it can be financially beneficial to consider renting it to a student if you’re located near a post-secondary institution, as you may be able to apply for the New Residential Rental Property Rebate. As part of the HST Rebate in Ontario, the NRRPR allows...

View Full Post
15 August 2024

How to Get Money Back on Your Summer Home Rebuild

Many new and existing homeowners in Ontario take the warm summer months to complete their summer construction projects. If you’ve been working on a significant home renovation or building a brand new home from the ground up, then you could be eligible for the HST Rebate in Ontario. The popular rebate program is offered to residential home buyers and is meant to help homeowners save on the...

View Full Post
25 July 2024

Can Rental Properties Qualify for the HST Rebate in Ontario

Homeowners have allways had great opportunities to benefit from HST rebates in Ontario. However, now renters have similar opportunities, if you meet the eligibility criteria. Contact Rebate4U for more!

View Full Post
17 July 2024

How to Get Money Back from Your Home Construction with the HST Rebate in Ontario

Opting to build your own home from scratch has numerous benefits including the fact that you can obtain an HST Rebate. Contact Rebate4U for a free consultation!

View Full Post
21 June 2024

Benefits of Building Your Home with the HST Rebate in Ontario

Buying a new home in Ontario is a significant investment and a challenging process in the region’s competitive real estate market. As a result, many prospective home buyers look to buying land or properties that need large-scale renovations instead of buying directly from a builder or a ready-to-live-in, listed property. Understanding the financial benefits of building your own home with the...

View Full Post
11 June 2024

Frequently Asked Questions About the HST Rebate in Ontario in 2024

The new housing rebate is a fruitful opportunity for residential property owners and buyers across Ontario who fit the eligibility criteria. The HST Rebate in Ontario is applied to newly built or renovated homes and when applicable, can result in tens of thousands of dollars back into the pocket of the home buyers. When approaching the application process for the HST rebate on new homes or newly...

View Full Post
Homeowners, obtain an HST rebate of up to $30,000 today!
get started

Why Choose Rebate4U?

Experienced Specialists

For over 10 years, the Rebate4U team has the knowledge and expertise to help residential property owners throughout Ontario successfully apply for regional HST Rebate programs.

Free Consultations

Our specialists offer complimentary consultations where we review your eligibility to determine whether you qualify for an Ontario HST Rebate so you can proceed with your application confidently.

Millions Awarded

We are able to expertly navigate rebate opportunities, staying up-to-date on the most recent rebate developments and changes in the HST Rebate program to maximize returns. To date, we’ve successfully acquired millions of dollars for clients in total.

Customer Commitment

The Rebate4U team is dedicated to delivering the highest level of customer service, we are here to answer your questions and help you navigate the intracises of your application easily and efficiently.

Cashing-In on the HST Rebate is as Easy as 1-2-3
Contact REBATE4U

Set up a quick, free consultation with the Rebate4U team to explore your HST Rebate options.

COLLECT DOCUMENTS

Submit your required documents to Rebate4U, and we'll handle your application.

GET YOUR Money BACK

Apply for the rebate and receive thousands in rebates in just weeks with Rebate4U.

FIND OUT IF YOU QUALIFY

We are proud to be working with top Canadian companies

Recent Posts view all posts

Can You Apply for the HST Rebate More Than Once?

Those who’ve already applied in the past once may be considering applying again with a new home. If you want to apply again for the HST Rebate on New Homes, here’s what you should know.

Read More

How the HST Rebate Can Make Your Renovations More Affordable

Renovating a home is an exciting yet expensive endeavour. Whether you're adding a new room, upgrading your kitchen, or modernizing your home's exterior, costs can quickly add up. Fortunately, if you're planning renovations or have recently purchased a new home, the...

Read More
We Are Based

Rebate4U
101-3185 Bathurst St
Toronto ON
M6A 2B2

1-800-610-4510
info@rebate4u.ca

Connect With Us
Error...

Please, enter a valid value

We are sorry...

But the values you entered are invalid

Rebate

In celebration of our 3 year anniversary at Rebate4u Inc, we have decided to reduce our fee structure for all new home and renovation rebates including the New housing rental rebate.  

Don't waste your time looking for anyone else to take care of this because we will not be under sold.
Please fill out the form below or call us at 1-800-610-4510

Please, enter a valid value