Flip Kitchen AIInterest rate
Bank of Canada policy rate held at 2.25%
The Bank of Canada announced its rate decision on October 28. Variable-rate mortgages and HELOCs usually follow the policy rate, so it matters if you plan to borrow for a renovation.
Flip Kitchen Community
The GTA Home Daily
011Issue
A short daily for homeowners in the Greater Toronto Area and Ontario: one renovation question answered, new rebates and benefits with their deadlines, product recalls and weather alerts that matter at home.
01
Question of the Day
What does it mean to scribe a filler?
To cut it to the exact shape of a wall that is not straight: hold it in place, run a compass down the wall so the pencil traces every bump, then trim to the line. It is how a rigid run finishes tight against a wavy wall.
From the Flip Kitchen renovation guide
Full answer in the guide02
Local Notices
03
Rebates & Benefits
Mississauga
Mississauga: up to $7,500 for basement flooding prevention
DeadlineNo end date posted
Mississauga rebates up to $7,500 for basement flooding prevention: up to $6,000 for a sump pump, plus weeping-tile capping, downspout disconnection and a storm backwater valve. Since February 12, 2025 the work must be pre-approved before it starts, and rebates are paid in order of complete applications until funding runs out.
Official pageCity of Mississauga · Checked 2026-10-20
Oakville, Burlington, Milton, Halton Hills
Halton Region: up to $6,500 to disconnect weeping tile and add a sump pump
DeadlineNo end date posted
Halton Region covers 100% of materials and labour to disconnect weeping tile and install a sump pump, up to $6,500. The home must be in Burlington, Halton Hills, Milton or Oakville and connected to the municipal sewer system (homes on septic do not qualify). If a new sump pump is installed, you need a permit from the local municipality that has passed final inspection. Apply within one year of finishing the work; each property can receive the subsidy only once.
Official pageHalton Region · Checked 2026-10-20
Ontario
First-time homebuyers: up to $4,000 back on Ontario land transfer tax
DeadlineNo end date posted
First-time buyers aged 18 or older who are Canadian citizens or permanent residents, and who have never owned a home anywhere in the world (nor has their spouse while they were spouses), can get back up to $4,000 of Ontario land transfer tax, which covers the tax on the first $368,000 of the price. They must move in as their principal residence within nine months of the transfer. The refund can be claimed at registration, or within 18 months of registration through an online form that needs no login.
Official pageGovernment of Ontario — Land Transfer Tax · Checked 2026-10-20
Amounts and conditions are as stated on the official site. Price information comes from the web; please verify it yourself.