KLPRealty

05/05/2026

04/13/2026

SPOILER ALERT!

The recent expansion of the Harmonized Sales Tax (HST) rebate by the governments of Ontario and Canada means that nearly all buyers of newly built homes can now save up to $130,000.

The expanded measure effectively removes the full 13% HST on new homes up to a certain value.

To qualify you must sign a qualifying Agreement of Purchase and Sale (APS) between April 1, 2026, and March 31, 2027.

TO READ THE FULL NEWS RELEASE:

Ontario Expanding HST Rebate to Lower the Cost of New Homes in Partnership with the Federal Government | Ontario Newsroom

12/17/2024

💰💰What the RATE cut means for YOU!💰💰

As you are all aware, on December 11th, 2024 The Bank of Canada reduced rates by .50%!

💲Overnight target rate is now 3.25%
💲Prime rate is 5.45%
💲Variable rates now as low as 4.45% (Prime minus 1%)

✅✅✅No more Stress Test✅✅✅

🏡As of November 21st, borrowers with an uninsurable mortgage with a Big Bank (meaning the purchase price was over $1M when they bought or they had 20% down with a 30 year amortization) will be able to switch their mortgage to another Big Bank without needing to qualify using the stress test. They still need to qualify for their mortgage but the lack of the stress test will make it easier for them to qualify. The stress test is when lenders use an interest rate that is 2% greater than the rate you'll get on your mortgage to qualify you. No stress test means you qualify at the actual mortgage interest rate.

🏡Switching or transferring your mortgage means you're taking the exact same balance and amortization but moving to a different lender. If you increase the mortgage amount or the amortization, it is considered a refinance and the stress test will apply.

🏡New guidelines allowing 30 year amortizations on new build purchases with less than 20% down for FTB's began August 1st!

✅✅✅Starting December 15th✅✅✅

🏡Anyone buying new construction with less than 20% down can have a 30 year amortization (this is owner occupied, not rentals) FTB's buying resale with less than 20% down can have a 30 year amortization (owner occupied) new limit to the 5% & 10% down payment rules will be increased to $1,500,000. (Previously, when purchasing over $1M you had to have 20% down. Now you can buy up to $1,499,999 with 5% of the first $500,000 and 10% of the remainder of the price)

08/22/2024

⬇️⬇️How to deal with a sloped backyard⬇️⬇️

08/17/2024

06/05/2024

If your looking to get into the market….the time is now :)

Let’s chat!

05/28/2024

Browse new homes for sale ⬇️⬇️⬇️

Why Choose Me As Your Agent? When you work with me, you will receive a knowledgeable and professional real estate agent, a committed ally to negotiate on your behalf, the systems in place to streamline buying your home and the backing of a trusted company, Keller Williams Realty. Why Work With A Kel...

11/22/2022

Welcome to KLP Realty! Don't forget to like or follow us so you can stay up to date on whats happening in the Toronto Real Estate 🌎 and be the first to see the HOTTEST NEW LISTINGS💫
Thanks for visiting KLP Realty & we hope to see you soon💕

05/21/2022

What we have all been waiting for. Now is the time to get into the market if you were on the fence before.

It may have been hard to believe real estate experts when they predicted that the ridiculous Toronto housing market would cool down this year, but ...

05/18/2022

Thank you for keeping me busy this past month. The best part about my job is when clients become friends ✨🏡

04/25/2022

https://www.livabl.com/2022/04/canadian-homebuyers-major-cities.html

As more Canadians head back to their office cubicles, the rush of homebuyers retreating from major cities appears to be slowing down.