Author: Gary

Mortgage Information

With the tremendous growth in the housing market over the past several years, mortgage providers have developed new products and services to meet the varied needs of borrowers. In a rising housing price market, more mortgage products help Canadians buy their homes sooner. While not all products suit all borrowers, the variety provides for more […]

Land Transfer Tax

In Ontario, purchasers of new and resale residential homes must pay a tax at the time of the closing of the purchase known as the Land Transfer Tax.The tax is calculated upon a sliding scale that increases with the purchase price of the house (excluding any GST). The rate of tax as of January 1st, […]

Company Profile

The Hyde Park Homes Group has been involved in real estate investment, development and construction for over 50 years. We have successfully completed all types of commercial and residential developments in the greater Toronto area including retail convenience, mixed residential-retail, single family, townhouse, stacked townhouse, mid-rise and hi-rise condo projects. Recent projects include The King […]

Downpayment Rules

If your down payment is less than twenty percent of the purchase price you are required by Canadian law to purchase mortgage insurance from Canadian Mortgage and Housing Corp. (“CMHC”) or a private insurer (Genworth Financial or Canada Guaranty). For all insured mortgage loans, the maximum purchase price must be below $1,000,000. If the purchase […]