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Financing, Mortgages and Insurance What options are best for you and your situation?


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  #21  
Old 2009-03-25, 12:15 PM
rgauvin rgauvin is offline
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Originally Posted by wannabeon View Post
I can't find much information on this. It hasn't been tabled nor has it been discussed in the legislature to my knowledge. Where is everyone getting the info to base the argument? I'm asking, not arguing. I just can't find any clear info on this issue.
they are making it up as they go along, the media included...

it hasn't been introduced, it hasn't been debated, it hasn't passed. Way too early to panic.
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  #22  
Old 2009-03-25, 12:38 PM
davyfink davyfink is offline
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This is what i found out about the subject

You won't likely notice any immediate difference if the Liberals do decide to go ahead. It will take at least a year or more to implement the changes - and the higher prices that will inevitably come with them.
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  #23  
Old 2009-03-25, 12:44 PM
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GregS GregS is offline
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Threads merged and moved to proper forum.
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  #24  
Old 2009-03-25, 01:31 PM
DRC DRC is offline
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Originally Posted by davyfink View Post
This is what i found out about the subject

You won't likely notice any immediate difference if the Liberals do decide to go ahead. It will take at least a year or more to implement the changes - and the higher prices that will inevitably come with them.
This sounds realistic as it is definitely not an overnight change. What is your source?
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  #25  
Old 2009-03-25, 01:45 PM
rgauvin rgauvin is offline
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Originally Posted by DRC View Post
This sounds realistic as it is definitely not an overnight change. What is your source?
well, to oversimplify the matter, cash registers can't all get updated and fixed overnight. companies need advanced notice.
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  #26  
Old 2009-03-25, 02:12 PM
oakvillehomeowner oakvillehomeowner is offline
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Originally Posted by rgauvin View Post
well, to oversimplify the matter, cash registers can't all get updated and fixed overnight. companies need advanced notice.
...and the provincial and federal governments have a lot of negotiating to do.

At least they're finally getting started on this - it's about time!
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  #27  
Old 2009-03-25, 02:53 PM
K'n'P K'n'P is offline
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Not sure how some people mentioned that they never heard of this and the impact to housing when its all over the papers!! Since January!

This one quantifies $ impact to housing, like 17k difference on a 350k house
http://www.thestar.com/comment/colum...article/578862

This one talks about the other areas other than housing that it will impact. Fast food meals under $4, books, kids clothing, etc.
http://www.thestar.com/News/Ontario/article/607835

Last edited by K'n'P; 2009-03-25 at 05:22 PM.
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  #28  
Old 2009-03-25, 03:27 PM
saw_mui saw_mui is offline
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Quote:
Originally Posted by DRC View Post
This sounds realistic as it is definitely not an overnight change. What is your source?

I'm betting he got it from here:

http://www.citynews.ca/news/news_33181.aspx

here's an update comment from citynews

http://www.citynews.ca/news/news_33195.aspx
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  #29  
Old 2009-03-25, 06:37 PM
saw_mui saw_mui is offline
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here's another update....

http://toronto.ctv.ca/servlet/an/loc...TorontoNewHome


but i did hear someone on the tv...about under $400,000 new homes would be exempt...


again...this is from the media....
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  #30  
Old 2009-03-25, 06:46 PM
kaydy kaydy is offline
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Default New update !!

Here is what I heard on 680 NEWS. Tomorrow, the province would announce they have agreed to harmonize the tax and this process will take couple of months. Certain things will be exempted and the worse news for most of us is that new home purchases would be exempt under $400,000.00.

This is terrible news !! Take for example Starlane home listed at $397,000. The problem is that we have decors and other upgrades rolled into the mortgage that would take the price over the threshold.

Again, this is just what was announced over the radio and should be confirmed tomorrow.
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