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Buying First Investment Property.

Thursday May 7th, 2020

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Real estate around GTA has been a great investment for many decades, the prices have appreciated over time, if anyone was unlucky and purchased at the peak prior to a correction, given enough time they were able to recover and show significant gains, most people who invested in rental properties have accumulated significant wealth, in reality owning real estate in GTA equals wealth. Why GTA? Why invest in GTA? The answer is actually very simple: the populations is growing, it attracts... [read more]

Covid-19 And GTA Real Estate - Factors Pushing The Prices Down And Up

Saturday Apr 4th, 2020

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May 13th update. The is a follow up to the article written below on April 4th. Not much has changed in a month, the real estate market hasn’t crashed and the volume remained very low, prices remained fairly flat. The properties are selling but we are experiencing more balanced market albeit with very little volume and very low inventory. The government is hinting that the subsidies will be extend as needed, and new support plans are being introduced. Re-opening of the economy... [read more]

TREB April Market Update

Thursday Apr 23rd, 2020

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  TREB has issued a market update for the period covering April 1 to April 17, 2020. Highlights: The volume of transactions decreased drastically For all homes the price the YOY price declined 1.5% TREB anticipates a rebound after the lock down is lifted   Our comments: The volume decrease was expected as both buyers and seller are staying on the side lines The overall average price decline was partially caused by significant drop in sales in the higher... [read more]

Assignments Explained In Simple Terms

Sunday Apr 12th, 2020

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In this blog I will try to explain basics of assignments, the general terms apply to any region in Canada, some specifics will be related to Ontario and more specifically GTA. What is an assignment. Assignment is when the seller sells the interest in the property (contract with the builder) before they actually own the property (before the seller’s name is on the title). In real estate transaction the assignments can happen for preconstruction and resale, in practise it is very rare... [read more]

Principal Residence Exemptions & Elections 45(2) and (3).

Tuesday Apr 7th, 2020

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Very often we are faced with a situation where a person moves temporarily from one city to another, a property becomes a rental unit or a rental unit becomes principal residence. The question is: does a person have to occupy the property all the time for it to be deemed principal residence, and be it exempt from capital gain tax for the period the owner does not ordinarily occupy it? There are certain elections one can make in order to defer the capital gain taxes when there is a change... [read more]

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