Trending Real Estate Discussion Tags

for

When buying a new home from a builder which is more important for resale in the future? The first option is 2500 sq ft with a main floor plan that I really like. The section option is 2700 sq ft but the floor plan isn't as appealing to me. Down the road if I decided to sell would the 200 sq ft make ...

the

Has anybody looked at this project? Prices seem OK but I'm not too sure about the area. https://www.buzzbuzzhome.com/ca/the-vic-towns

condo

Has anybody looked at this project? Prices seem OK but I'm not too sure about the area. https://www.buzzbuzzhome.com/ca/the-vic-towns

and

If I turn my primary residence into Rental, can I deduct property tax/mortgage interest etc. and still file subsection 45(2) of the Income Tax Act for deferred capital gains? I know you can't do this for CCA, just wondering if you can still make deductions on this.

house

I am considering investing in a property that sits on a gentle stream. The property is built on pylons on a sturdy construction. Is it worth looking into it or not?

mortgage

Scenario: -$350,000 mortgage at 2.84% 5 year fixed, monthly payment is $1627 -$350,000 mortgage at 2.69% 3 year fixed, monthly payment is $1601 I would like to have the mortgage reduced by 60-90k in 3 years and have the monthly payments adjusted for that. 1. ...

on

This is a very interesting case for many reasons. First, it is interesting because in the last 10 years or more, the majority of cases lodged against the City are ruled in the City's favour with the final sentence of each case summary reading, "...if you want justice, ...

to

hey guys, with the interest rates going up and stress test. would it be better to wait till next year to buy? assuming everyone's buying power will be reduced , that should cut down the price as well no? thinking of getting a detached house in the burbs out west (burlington, hamilton) or semi/town i...

in

3rd line and Dundas area, people have been lined up all night for a new release this morning. A bit surprised, didn't think people were still doing this! I believe it is for Mattamy townhomes.

home

If I am getting a home and I do want to live in it yet, does it make sense for your parents to have a HELOC on your home and you pay them back since all of the interests on the HELOC can be written off?

real estate

Hello Everyone, First time poster, long time reader. I have read a lot on this forum about increased immigration / population and the upwards pressure it puts on real estate prices. I was wondering what you guys thought about the effects of the increasing life expectancy in Canada and the effects it...

how

The condo unit is now occupied by my relatives with their name on the resident list but the ownership is still under my name as I moved out due to work reasons. I shipped several packages to the condo address (and not my own) as I purchased them as gifts for my relatvies. The receiving name had to b...

rental

If I turn my primary residence into Rental, can I deduct property tax/mortgage interest etc. and still file subsection 45(2) of the Income Tax Act for deferred capital gains? I know you can't do this for CCA, just wondering if you can still make deductions on this.

what

When buying a new home from a builder which is more important for resale in the future? The first option is 2500 sq ft with a main floor plan that I really like. The section option is 2700 sq ft but the floor plan isn't as appealing to me. Down the road if I decided to sell would the 200 sq ft make ...

buying

Looking to buy a condo rental property. What are some common pitfalls? Is it a good idea now given how hot the condo market has been. I am not looking to do fast investment and hope for capital gain but rather build a condo portfolio over time. So I can more for rental income and hoping it would car...

toronto

... in Toronto. I already prepared 5% for the closing cost... until I see this forum => http://forums.redflagdeals.com/toronto-condo-closing-fees-31-031-05-350k-1-bedroom-unit-1651295/ There are 2 unexpected charges there: - Section 37 (Park levies) of $9,409.51 & - 2-Bedroom "Development Levy" ...

from

If a property is co-owned by two brothers, and one of them needs to go USA for a high paying job that sponsors h1-b and greencard. But the other bother wants to stay in Canada, and have the ability to take the mortgage on his own, and bank full approves with new mortgages. If we do the removing one ...

question

Just wondering how these cashbacks work when realtors give a percentage of you their commission. Who pays the taxes? I mean places like comfree and other agents like: http://agentcashback.com/buyers/how-our-cashback-rebate-program-works Offer like 50% of the commission as a rebate. Do they expect an...

property

I would like to know what is the most tax efficient way to rent out my townhouse. Should I use my own name or a corporation? Any one has any idea or has websites to read on?

new

Has anybody looked at this project? Prices seem OK but I'm not too sure about the area. https://www.buzzbuzzhome.com/ca/the-vic-towns

you

hey guys, with the interest rates going up and stress test. would it be better to wait till next year to buy? assuming everyone's buying power will be reduced , that should cut down the price as well no? thinking of getting a detached house in the burbs out west (burlington, hamilton) or semi/town i...

gta

I personally think we're in the return to normal phase. Sepetember saw only a minor drop in detached prices so real estate pumpers are thinking we are on a similar projectory to Vancouver.

rent

I would like to know what is the most tax efficient way to rent out my townhouse. Should I use my own name or a corporation? Any one has any idea or has websites to read on?

tax

Hey all, The question of tax implications has come up several times when it came to cash-back rebates from realtors. So, I called CRA today to specifically ask this and need to provide this update for clarity to all: For the realtor: Commission rebate is considered a deductible business expense (so ...

can

I bought a unit at Peter and Adelaide condo but I may move to the US for employment, the APS has the following condition: Assignment can only be approved after confirmation of 90% sales of all residential units from builder and the purchase is firm! However, there are several conditions for early te...

market

Some are predicting there may be a rush to buy in Nov & Dec, which are typically the slower months. New stress test rules may reduce buying power by about 20% for those putting more than 20% down.

price

... Does that mean we are going back to the seller's market soon? Is this a good time to buy (say compare to next year)? http://i65.tinypic.com/ak7me1.png datasource: http://housesigma.com/site/home/quotation?municipality=Toronto&community=all&house_type=D.&scroll=1

heloc

Questions: 1. Is it next to impossible to get a HELOC (Home Equity Line Of Credit) with a monoline lender? 2. If I have a mortgage with say True North Mortgage (Think Financial), is it very difficult to get a HELOC from a different ...

condos

There's a new condo development Express Condnos by Wilson Subway Station. The development seems to have advantages being so close to subway and Yorkdale Mall. There's also many stores and Downsview park nearby, but I would like to understand if the area by Allen Road & Wilson Ave is a friendly resid...

not

Hello, Not sure if this is the right subforum, but I have an issue as a tenant and looking for some advice. I am renting a condo unit from a private owner. I am about 4 months into my lease. From the moment I moved into the unit, I noticed a really bad ant infestation in multiple places. The buildin...