Canada will enter a transformative era as the baby boomer generation gracefully transitions into retirement. This demographic shift is going to have far-reaching consequences, particularly within the real estate market. In this text, we delve into the multifaceted angles of how baby boomer retirement will affect Canada's real estate landscape, with a special focus on…
Real Estate
Real estate is a popular investment option in Canada, offering the potential for high returns and stability. Here are some ways to make money in this industry:
Buy and hold strategy: This involves purchasing a property and holding onto it for an extended period, collecting rent and benefiting from appreciation;
Rehab and flip: This involves…
The short answer is no – as long as it meets the criteria for being your principal residence. Here’s why, and under which conditions.
As a Canadian, you may be wondering whether you have to pay capital gains tax on the sale of your home. After all, it's not uncommon for people to make a…
Are you a first-time home buyer in Canada? If so, you may be eligible for the First-Time Home Buyers' Tax Credit (HBTC). This credit is designed to help offset some of the costs associated with purchasing a home. These costs include legal fees and land transfer taxes.
First things first, let's define what qualifies as…
Are you thinking about buying your first home in Canada? Congratulations! Owning a home is a big step and an exciting journey. One of the first things you'll need to consider is how much is the first-time home buyer down payment in Canada. The down payment is the amount of money you'll need to put…
As a landlord in Canada, it's important to thoroughly credit check your potential tenants before signing a lease agreement. Not only is it a good way to ensure you're getting reliable and responsible renters, but it can also help protect your property and finances. A credit check is a small price to pay for the…
Breaking a mortgage contract early can come with significant costs. The exact amount can vary depending on a variety of factors. If you're a homeowner in Canada considering breaking your mortgage contract before it's up, it's important to understand the potential consequences. Aim to minimize the costs as much as possible. In this blog post,…
Are you considering renovating your current home and need to know exactly how much space you have to work with. Or are you refinancing your mortgage and you need to know how big your house is? Whatever the reason, knowing how to accurately measure the square footage of your house is an important skill to…
The Government of Canada has implemented a new law to help make homes more affordable for Canadians. The Prohibition on the Purchase of Residential Property by Non-Canadians Act was put in effect on January 1, 2023, and will prevent non-Canadians and corporations controlled by non-Canadians from purchasing residential property in Canada for a period of…
In Canada, a civic address is a unique combination of civic numbers and street names that identifies a specific location within a municipality.
In most cases, a civic address includes a house number and street name, as well as the name of the municipality in which it is located. For example, 123 Main Street,…