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Changes to Non-Resident Taxes in Ontario Real Estate
In addition to all the usual taxes residents have to bear owning real estate; all non-residents selling or buying Canadian real estate are required to undergo some additional tax burdens made to deter non-resident investors from speculating in the housing market and ensure governments collect their due taxes. Without proper ...
Continue ReadingWhat You Need to Know About Canada’s Underused Housing Tax
In effect since January 1st, 2022, the UHT is an annual 1% federal tax on real estate owned by any non-resident, non-Canadian, and considered vacant or underused. In some situations, this also applies to Canadian owners. The Underused Housing Tax Act (UHT) requires individuals impacted by this tax to file an ...
Continue ReadingGovernment Programs for Home Buyers and Regulations for Property Owners
A home is usually the single largest investment that most people make in their lives. Achieving your dream can be made easier by taking advantage of various Government Programs for home buyers and property owners. Some of the programs are targeted to first-time buyers, while others apply more generally. Other ...
Continue ReadingPatent and Latent Defects in Real Estate
When you buy a property, you buy any latent defects. This is why it's important to properly inspect a property before making an offer to purchase. Patent Defects A patent defect is a defect that is obvious enough that it should be discovered during a reasonable inspection of the home. The legal ...
Continue ReadingEverything You Need to Know About Industrial Real Estate
What Is Industrial Real Estate? When most people think of real estate, they naturally think about the places where they spend their time: their homes, their offices, their favorite retail store, or their favorite restaurant/bar, but when people hear “industrial real estate,” they might picture giant, brick chimneys pumping out foul-smelling ...
Continue Reading10 Things to Do Before You List Your Home for Sale
1-Know why you really want to go. Some reasons are obvious, such as the need to sell if your moving to another city or putting in an offer on a new home. Other needs may be less definite, such as outgrowing your space or concerns about cash flow. By working with ...
Continue ReadingA Checklist for Buying Commercial Industrial Spaces
Buying your first commercial industrial property needn’t be a daunting experience. You just need to have some basic knowledge and overcome the myths surrounding commercial property. If you’ve never purchased a commercial property before, you’ve probably heard the rumours about buying an industrial space. Do any of these ring a bell? ...
Continue ReadingWhen Selling Your Home, Keep Safe with These Client Tips
While we don’t often think of real estate work as dangerous, it can be. Selling your home – whether you’re downsizing, upsizing, or relocating – is an exciting time. It can also be nerve-racking: not only are you preparing for a move, but you’re also opening your home to strangers, who ...
Continue ReadingFree Home Sellers Guide Book
I just finished a new Home Sellers Guide Book. It’s a collection of how-to’s, checklists, and worksheets to help clients understand what to expect during the real estate selling experience. Click on this link to get a free copy. ...
Continue ReadingDo You Really Need a Real Estate Lawyer?
I’m savvy in real estate. I’ve bought and sold three properties over the past six years and know what I’m doing. Do I really need a lawyer? Regardless of how comfortable or how many properties a person has purchased or sold, each transaction is unique and should be approached as such. ...
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