How to calculate a capital gain on a second property? Including improvements in your adjusted cost base could save you taxes when you sell. The improvements you make over the years to a cottage or investment property can save you on taxes when you sell.      Coming changes to the capital gains inclusion rate have jolted not just the wealthy, but also people with long-held cottages or second property owned as an investment. Starting June25, they will have to pa tax on... [read more]

Welcome to 2321 Woking Crescent, a cherished family address nestled in the heart of Sheridan Homelands. This sun-filled 4 bedroom, 3 bathroom home exudes warmth from the moment you step inside. The main floor features hardwood floors, elegant crown moulding, an updated powder room, a cozy family room & more. The family sized kitchen is equipped with stainless steel appliances, granite countertops and offers a seamless flow to the stunning outdoor living space. The true highlight is the... [read more]

Now that mortgage rates could finally be easing from their two-decade highs, you are considering posting a ‘for sale’ on your front lawn. Many Canadian real estate market experts believe that now is an opportune time for homeowners to list their single-family homes or row houses on the open market, with more buyers returning to the marketplace to achieve the Canadian dream. With 41 per cent of Canada’s housing sector expected to be in balanced territory and another fifth... [read more]

In Ontario, a petition's shaking things up, calling for a rule that lets landlords boot tenants after 60 days of no rent. It's a bid to shake off the shackles of tight tenant laws that leave landlords hanging when the cash stops flowing. Currently if landlords follow all the correct steps, it can take a minimum of 8 months to over a year to evict tenant for non payment, causing financial distress, forcing landlords to sell and or leave their rental units vacant. On the flip side,... [read more]

In the aftermath of the coronavirus pandemic, many real estate sector observers wondered if the US and Canadian housing markets were in a bubble. When the Federal Reserve and the Bank of Canada (BoC) started raising interest rates, the widespread expectation was that both countries’ real estate markets would cool down. Well, four years after the COVID-19 public health crisis and about two years since the tightening cycle started, industry experts have been closely monitoring the... [read more]