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What Every Homeowner Needs to Know About Toronto’s Vacant Home Tax
All homeowners will need to declare the status of their property as part of an effort to crack down on real estate investors and improve housing Letting a home sit empty in the middle of a housing crisis will cost you, with the introduction of Toronto’s vacant home tax back on ...
Continue ReadingFlipping a House? Your Gain Could be Fully Taxable Under This Rule
Don't forget, a residential property flipping rule applies to flipped residential property dispositions that occur after January 1, 2023. The rule deems profits from a “flipped residential property” as business income, targeting individuals that misclassify these profits as a capital gain to avoid taxes. It’s important to understand this rule as ...
Continue ReadingWhat Do You Need to Know Before Buying Multi-Family Real Estate?
Buying a multi-unit, meaning a building with five or more units, can be a great opportunity for investing in real estate. But before diving in, it’s important to know everything that’s involved with such a purchase, and the requirements that come with it. Here’s my advice if you’re interested in ...
Continue ReadingResidential Rent Increase for 2026
Rules for rent increase In most cases, the rent for a residential unit can be increased 12 months after either: the last rent increase the date the tenancy begins The landlord must give a tenant written notice of a rent increase at least 90 days before it takes effect. The proper forms for this notice are available from ...
Continue ReadingWhy the Next Few Months are the Best Time to Put Homes on Sale
Timing is a crucial consideration when selling a home. A recent market study indicated it is ideal to put properties on sale during the months of February, March, and April. While the weather is not ideal during February, the month allows home sellers to gain exposure before the spring rush. The normally ...
Continue ReadingThe Seller Representation/Listing Agreement
Congrats, homeowner! You’re ready to sell your house, and you’ve picked a real estate agent you trust to get the job done. That’s a big step toward your end goal. But before you can put your home on the market and show it off to the world, you need to ...
Continue ReadingUnderstanding Cap Rates in Durham Region
Capitalization rates — commonly referred to as “cap rates” — are one of the most widely discussed concepts in commercial real estate investing. However, many investors misunderstand what cap rates actually represent and how they should be interpreted when evaluating commercial or multi-residential property. A cap rate is not simply: a return ...
Continue ReadingEnvironmental Concerns in Commercial Transactions
Environmental concerns can significantly affect the value, financing, insurability, operational viability, and long-term risk exposure associated with commercial real estate. However, many buyers and investors underestimate environmental risk during the acquisition process — particularly when purchasing: industrial properties, automotive facilities, gas stations, manufacturing facilities, warehouses, older commercial buildings, or redevelopment sites. Environmental ...
Continue ReadingCan I Sell a Property in Durham Region Without a REALTOR® ?
Yes. Just like a Buyer can represent themselves, so can a Seller. If you are involved in a real estate transaction and are not a client of a real estate brokerage, you are considered a Self-Represented Party. There are significant risks to representing yourself in a real estate transaction if you ...
Continue ReadingHow to Interview a GTA Realtor in a Brief 15 Minute Phone Call
How to Interview a GTA Realtor in a Brief 15 Minute Phone Call You’re about to face one of the largest financial transactions of your lifetime. You need to hire a real estate agent and you need them to know their stuff. But who’s got the time to spend hours and ...
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