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Arthur Zhao · Real Estate Broker
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Mortgage rates, financing, and home loan guides for Ontario buyers
An Ontario guide to the Vendor Take-Back (VTB) mortgage: how a seller lends part of the price secured by a charge on title, second-position priority and postponement behind the bank, rate/term/balloon mechanics, power of sale on default, and the CRA capital gains reserve that spreads the seller's gain. Source: CRA (canada.ca) / Ontario Mortgages Act.
Corporation vs personal name for an Ontario rental property: the real upside (liability separation, income splitting, estate planning, tax deferral) against the real cost — passive investment income taxed near 50% before the refundable RDTOH portion, no principal residence exemption for a corp-owned home, and 20–35% down with a personal guarantee. Source: CRA / canada.ca.
A clear guide to Canada's mortgage stress test: OSFI's minimum qualifying rate (greater of contract rate + 2% or 5.25%), who it applies to, a worked example of how it caps borrowing power, the November 2024 rule that switching lenders at renewal no longer requires re-passing it, and alternatives like credit unions and B-lenders. Source: OSFI, Department of Finance.
A complete guide to Canada's RRSP Home Buyers' Plan (HBP): the $60,000 withdrawal limit (for withdrawals after April 16, 2024), the 89-day contribution rule, the 15-year repayment schedule, the temporary 5-year grace extension, what a missed repayment costs, and how HBP stacks with the FHSA. Source: CRA.
The FHSA explained: $8,000 annual / $40,000 lifetime limits, deductible contributions, tax-free first-home withdrawals, carry-forward, eligibility, and stacking with the RRSP HBP. Source: CRA (canada.ca).
A GTA homeowner's guide to mortgage refinancing in Ontario: what refinancing is, the 80% loan-to-value cap, prepayment penalties (fixed = greater of 3 months' interest or IRD; variable = usually 3 months' interest), appraisal/legal/discharge costs, and a clear decision framework. By Arthur Zhao.
Thinking of gifting or transferring your Ontario home to your children? Here is how CRA's deemed disposition at fair market value works, the capital gains and principal residence exemption, Ontario land transfer tax, and the three biggest traps. Educational only — consult an accountant and lawyer.
GTA buyers get pitched bank mortgage insurance at closing. Using FCAC's framing, I break down how it differs from individual term life on ownership, benefit, and claims.
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