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You might discover that you do qualify to get into the home of your dreams. It’s relatively easy to figure it out.
First, you need to learn what homes are currently selling for in the neighbourhood you’re targeting. If you’ve been through that exercise already, keep in mind that the market might have changed substantially in the past few months.
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When you set a budget for a new home, you’re obviously hoping — maybe even expecting — to find the ideal property within that price range.
But, it doesn’t always work out that way.
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After much debate on this issue, the Minister responsible for CMHC and Federal Housing Policy clarified that the government has no plans on increasing capital gains tax on principal homes.
Watch the video here:
It is rare for a Minister to comment on any tax measures before a budget. Today the Minister responsible for CMHC and Federal Housing Policy addressed this issue directly. There will be no new tax on primary residences: pic.twitter.com/t9yMlBSU2B
— Adam Vaughan MP (@TOAdamVaughan) March 26, 2021
Here's what you need to know about the registration you need to do if you're a short-term rental operator.
As the spring weather approaches most homeowners start to take a hard look at their homes asking themselves 2 things:
1. What needs to be fixed or
2. What needs to be renovated.
When it comes to home renovations in my experience, many homeowners tend to use an objective approach when it comes to valuing their home. Most think “I spent $20,000 on a pool so my house should be worth $20,000 more”. In reality this is not the case, as most buyers don’t care how much you paid. Instead they will price it according to how much value they place on it, thus, their ‘subjective value’.
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Brandt J. Morris
Sales Representative
Bosley Real Estate Ltd., Brokerage
103 Vanderhoof Avenue
Toronto, Ontario M4G 2H5
Office: 416.322.8000
