A second house is different from an investment property. It could be a weekend property, vacation home, or even a condo that you use as your home during the week. If a certain situation requires you to buy a second home, you can still find the best window where house...
Bank of Canada Might Lower Rates Due To Weak Economy
Buyers, sellers, realtors, and mortgage agents have all been waiting for mortgage interest rates to drop. Here’s an update on that topic. The US and Canadian economies are tightly connected to each other and most of the time the Bank of Canada changes rates depending on how the US is...
How To Participate in the RRSP Home Buyer’s Plan?
An RRSP, or Registered Retirement Savings Plan, is a savings account in Canada designed specifically for retirement. When you put money into an RRSP, you don't pay income tax on that money for the year you earn it, which directly lowers your annual taxes. Every year you also make a...
Cost Of Single Family Homes In GTA Increased By 116.6% In Last 10 Years: Zoocasa Report
We’ve been hearing everyday in and out that the cost of living in Canada has insanely increased in the last couple years. The Greater Toronto Area (GTA) took one of the highest hits amidst this economic fluctuation post COVID-19 pandemic. According to a newly released Zoocasa report, cost of living...
Pre-Construction 101: GST Rental Rebates On New Builds
As a first-time property investor in Canada, you are in for some good news. The Prime Minister of Canada announced the new Goods and Services Tax (GST) Rental Rebate on September 14, 2023. This rebate is applicable only to purpose-built rental housing and aims at reshaping the rental property landscape...
7 Strategies For Selling Tenant-Occupied Property
Selling a tenant-occupied property is all about balancing legalities with tenant relations. As Ontario’s market is slowly turning into a buyer’s market, tenant-occupied properties might stay up on the market for longer. If your intentions are clear, the very first thing to do is inform your tenant. Give them ample...