When it comes to taxes, real estate ownership and sales can be complex. Here are some of the key tax implications to keep in mind: Income tax Rental income: If you own and rent out a property, the rental income you receive is considered taxable income. You can deduct...
There are many different types of real estate investments available in Canada, each with its own unique set of risks and rewards. Here is an overview of some of the most common types of real estate investments: Residential real estate: Residential real estate is the...
If you have multiple offers on your home, you are in a good position. This means that your home is in demand and that you are likely to get a good price for it. However, having multiple offers can also be overwhelming. Here are a few tips on what to do if you have...
The amount of time it takes to sell a home can vary depending on several factors, such as the location of the home, the condition of the home, and the current market conditions. However, according to the Canadian Real Estate Association, the average time it takes to...
Closing costs are the fees that are paid to finalize the sale of a home. These costs are typically paid by the seller and can vary depending on several factors, such as the price of the home, the location of the home, and the type of financing used. Here are some of...
If you don’t get any offers on your home, there are a few things you can do. Reassess your list price. The first thing you should do is reassess your list price. It is possible that your home is simply overpriced. Take a look at the prices of similar homes in...
