Hey RFD, I'm looking to move, and there is potential that I will be keeping my old home and renting it out. There is currently about 500k of mortgage on it at 1.9% which we locked in for 5 year a few years back. The new home we're looking to purchase will require ~1.4M of mortgage. The obvious thing...
Jul 2nd, 2023 6:50 pm
Hello,I'm looking to work with an agent who will sell my condo ($900k - $850k), and assist in purchasing a new home (~ $1.1M). Looking for an agent who will give me a competitive cash back and reduced commission. Thanks!
Jun 28th, 2023 7:43 am
Hey guys I have to plant trees on my property as a result of cutting down some to renovate my house. Is there a mapping app that can map out your house., your property and some of the trees present currrently? I need to put in trees into the plan and show my landscaper where to plant them. Thanks
Jun 27th, 2023 12:28 pm
I have tenants in my townhouse and their lease expire in the beginning of 2024. I informed them today and I'm waiting for their reply. I'm only worried about the tenant not leaving as their kids go to the school very close to the townhouse and the rent I'm charging is under the market price. I'm als...
Jun 25th, 2023 2:23 am
I have two properties rented out, I live in one of them but I'm thinking to sell it in March-April 2024. I have a full time employment that brings me 6 figures/year. Is it a good idea to sell it next year? I'm a little worried considering the huge amount of tax I would have to pay. Give me your inpu...
Jun 19th, 2023 12:56 am
- Subsection 45(3) of the Income Tax Act allows you to avoid capital gains tax for 4 years when changing your rental property to principal residence - looking backward. - Subsection 45(2) of the Income Tax Act allows you to avoid capital gains tax for 4 years when changing your principal ...
Jun 13th, 2023 11:45 am
... in with us as they age and I do NOT want those miserable people under the same roof as us. I've sometimes seen homes with a small 2nd unit in property. From the outside it looks almost like an oversized shed or trailer (not the same though, they are actual buildings) but inside are nicely ...
Jun 2nd, 2023 1:28 pm
So, I am thinking of renting out my principal residence, and my understanding is that the change triggers a "deemed disposition of property". However, I don't understand how would I establish the fair market value of the property, so that when I sell it in the future I know exactly ...
May 25th, 2023 9:54 pm
... get there. I have put a camera up and most of them have gotten the message but there's still a few rebels. Looking into planting shrubs along our property border and wondering roughly what it should cost. 4 or 5 boxwoods to cover 16ft. in Toronto Referrals welcomed. Thanks. (Parking 4 cars on ...
May 24th, 2023 2:41 pm
As most people have probably heard, Alberta has had its share of wild fires lately. With that being said, my home just outside of Drayton Valley on an acreage has been lost to the flames a week and a bit ago. Insurance so far is deeming it a complete loss. Right now insurance has a couple of compani...
May 23rd, 2023 3:35 pm
I have a property that is legally owned by a corporation, and I'd like to sell it in a way that lets me benefit from lifetime capital gains exemption. In other words, I want to sell the share of the holding company. Assuming the ...
Apr 29th, 2023 12:17 am
Hoping that someone has some information on this or possibly a real estate lawyer can help. I have property that was put in my name In Trust. It's listed as "John Doe - In Trust". (John Doe, meaning my name) My mother has passed and I now have to settle her Will ...
Apr 28th, 2023 10:08 am
My turbotax accountant is saying that because i lived in the property less than one year before renting it out, it is considered flipping and i will have to pay capital gains tax: https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/residential-property-flipping-rule.html ...
Apr 22nd, 2023 10:54 pm
Hi,Has anyone stained the brick of their house? I can not find much in regards to stain in Ontario compared to the US locations for Lowes and Home Depot. Can anyone point me towards a distributor? I'm looking to stain my reddish brick to Grey/Charcoal.
Apr 4th, 2023 9:22 am
My neighbor is very rude and inconsiderate. There garage bins are always placed on top corner of his driveway, and due to a slight slope on the property there bins always fall / fly onto my property (usually with little wind) and make a mess or just left there for hours. We’ve asked them many ...
Mar 30th, 2023 12:37 am
... more of validity remaining on their work permit or work authorization at time of purchase, and they have not purchased more than one residential property. This means that as long as you have work permit, you can buy property!!!!!!! There is also a great loophole that ultra elegant people can ...
Mar 28th, 2023 8:41 am
We are off-grid with our property for few years already and it has been a really challenge every winter. Solar is not a viable solution for Ontario and I hate when people trying to sale something which they really didn't try it just looking ...
Mar 19th, 2023 6:29 am
Looking for a RE agent in Toronto to help me find a home to lease/rent in the city. I am NOT a homeowner..don't care for cashback, etc. I am looking to lease/rent for myself and family. Just need assistance in the process as I have never done this before. PM if you can help..Much appreciated!
Mar 7th, 2023 10:25 am
Hello,Lets share tips & advices for Tax saving strategies for Business owners (Incorporation) & Property owners (Holding company) in Ontario.Good luck :)
Mar 5th, 2023 9:06 am
Attention homeowners and real estate agents. I am a home buyer seeking a distressed sale for semis and detached houses in Bolton and Woodbridge. If you have or know of any distressed sale homes that are available for purchase, please get in touch with me. I am primarily interested in finding a home ...
Mar 2nd, 2023 6:26 pm