House prices in Brampton are dropping little by little every month. But an experienced real estate agent in Brampton will help you sell your home for a price it deserves. Before you prepare your property to sell, interview a few realtors to ask about their availability, experience in the neighbourhood,...
How To Avoid Capital Gains Tax on Property in Ontario?
With changing real estate and capital gains tax laws, many investors are finding it difficult to make profit on their sales. This tax only applies to investment properties. In Ontario, 50% of your sale earnings is taxable, which means you’ll have to report it as income when filing taxes. As...
BoC Cuts Rates In June 2024 Update. What Happens Next?
In a surprising move, the Bank of Canada (BoC) announced a rate cut in June 2024, marking a shift in its monetary policy. This cut aims to stimulate growth and support economic recovery. However, it has raised many questions about its impact on the economy, housing market, and consumer behavior....
Why pre-construction condos in Toronto are a bad investment?
Investing in pre-construction condos in Toronto might sound like a great idea at first, but let's talk about why it might not be the best move for your money. As of now, there are over 200 active pre-construction developments in various stages, from planning to near completion. Despite high sales...
What Are The Closing Costs When Selling A House?
If you’re planning to sell your house in the GTA this summer, you’ll likely make a good profit. But before we start counting the capital gains, keep funds aside for closing costs, which is typically 3-5% of the selling price. Let's break down the costs and how to budget for...
How To Apply For The First-Time Home Buyer Savings Account?
With property rates at their all time high, many first-time home buyers are reconsidering their decision to buy a home. Saving for a down payment itself has become an issue among the rising living costs. To combat this, the Canadian government recently introduced the First-Time Home Buyer Saving Account, which...