
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.
Dear David, I’m trying to do some estate planning. My son has recently graduated. I want to buy a second home and put it in his name in order to give him a strong start. Is this advisable? – THINKING AHEAD DEAR THINKING: If you’re buying the home in cash, you can do whatever you
Dear David, We want to buy our first investment property. How can we make sure we get a good tenant? – NEW LANDLORD DEAR NEW LANDLORD: While no screening method is foolproof, there are steps you can take to help ensure that prospective tenants are good match. Imagine your ideal tenant and advertise where they’ll
Dear David, We have a 5-unit commercial building and are thinking of selling in the next 6 months. We currently have a vacancy. Should we reduce the rent by $500/month to get it filled right away, or hold out for the same rent we’re getting from the other units? – CONTEMPLATING DEAR CONTEMPLATING: It’s tempting
Dear David, We’re thinking about selling our back split. My husband noticed a crack in the foundation by the basement window. Should we be concerned? – CRACKED DEAR CRACKED: It sounds like a typical “step crack”, which is somewhat common in this style of home. Foundation cracks are quite common in general, as concrete tends
Dear David: We fell in love with a house that needs a new roof & furnace. We can’t afford these projects right now, but don’t want to miss this opportunity. What can we do? — Heartbroken Dear Heartbroken: A roof and furnace are major improvements, but not necessarily a reason to walk away from a