Out-of-province downsizing, Paying capital gains tax on an investment property
There are small but significant differences in the way that real estate is practiced from one province to the next.
David Schooley, Broker
RE/MAX Twin City Realty Inc. Brokerage
Call/text +1 (519) 577-1212 | david@goinghome.ca
There are small but significant differences in the way that real estate is practiced from one province to the next.
Market evaluations are subjective. As such, they can be vastly different. If an evaluation sounds too good to be true, make sure the Realtor can back up their numbers.
In the last fifty years of sales data, there have been only a few months here and there in which average sale prices have declined, and they’ve always recovered quickly.
Many homeowners and Realtors, myself included, are not comfortable with the idea of scheduling open houses yet.
I’m not sure what paperwork your daughter and her ex had to sign, but if it was a one-year lease two years ago, the term is up and she no longer has any obligation.
If you haven’t moved in the last few decades, you may be surprised by current financing procedures.