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If I'm reading this correctly, the letter says you can back out, but if you do, you're ruining the project for everyone who doesn't? Gee, no pressure, eh?

The builder is legally required to collect the GST rebate from you and remit this to CRA if they know you are not living in your unit. You can get away with it if the builder isn't aware, but you would be committing tax fraud because you would no longer be eligible for the rebate under CRA rules.

This is a really old link, so I don't know how valid it is anymore, but Plazacorp partnered with Lehman Brothers on this development: http://www.lexpert.ca/deal.php?id=1568 Don't know how much involvement Lehman Brothers had on other residential developments in the city, but hopefully its...

There's a private shopping event for Ronald McDonald House on the 24th.

That's like saying you shouldn't have to prove your income when applying for a mortgage... the bank can repossess your house if you default anyway right? A pre-approval provides minimal assurance that the purchaser has the intention and means to close. Rarely does a development see 100% of...

It's been a little longer in the last few weeks with the tunnel work in Union Station causing the streetcars to reduce their speeds. When streetcars were running at full speed, 10-12 minutes from Bathurst to Union (or vice versa) was very realistic. The additional advantage is even when...

List any outstanding items on Tarion's 30-day form and submit to Tarion and your builder. They then have 120 days to complete the items, or you can resort to conciliation.

They don't even select host cities for the Olympics that far in advance! Where will Russell Peters' career be in 9 years?

Most generic project name ever. What's next, "Condos on the Street"?

It doesn't average out in the long term. A popular study has shown that variable rate mortgages are more advantageous to the consumer: http://www.ifid.ca/pdf_workingpapers/WP2001A.pdf Risk is always dependent on a personal level of comfort and you did hit the nail on the head with the...

New CRA requirement, apparently: www.cra.gc.ca/transitpass

You now have to sign the back of it too.

Actually, once you factor in the tax credit, having a monthly metropass is only marginally more expensive than buying 10 tokens or tickets per week. With the pass, you have the freedom of paperless transfers as well as additional trips at no extra cost.

I have one. The finishes are very very standard, but I liked my floorplan, the building location, and the access to transit. I accepted the trade-off of basic finishes for a lower price point to get my foot into the housing market. My plan is to save up while I wait for completion and do my...

Wonderful photos.

I believe many newer buildings will commit you to a supplier for the first year or so - with no alternative.

Bed Bath & Beyond Bed Bath & Beyond eyeing Canadian market again MARINA STRAUSS Globe and Mail Update April 23, 2007 at 9:15 PM EST The heated home fashions market is about to get even more crowded as Bed Bath & Beyond Inc., the largest chain in the U.S. sector, scouts for store...

shmoopie nhi = nhincompoop