Wed, 07/16/2014 – 16:50 The Bank of Canada announced on July 16th, 2014 that it was keeping its trend-setting overnight lending rate at 1 per cent. The Bank of Canada announced on July 16th, 2014 that it was keeping its trend-setting overnight lending rate at 1 per cent. The overnight rate has not moved… Read more »
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Canadian home sales edge higher in June
Tue, 07/15/2014 – 09:00 Ottawa, ON, July 15, 2014-According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged up almost one per cent on a month-over-month basis in June 2014. Ottawa, ON, July 15, 2014-According to statistics released today by The Canadian Real Estate Association (CREA), national home… Read more »
CREA Updates Resale Housing Forecast
Mon, 06/16/2014 – 08:59 Ottawa, ON, June 16, 2014 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2014 and 2015. The Canadian Real Estate Association (CREA) has updated its forecast for home sales… Read more »
When Will It Sell?
Every house is unique. Some sell within hours of listing on the market, some take months to sell, and some never sell at all. I believe there are three primary reasons why a home does not sell. It is in poor condition. The house is priced too high. There exists a poor housing market. If… Read more »
Purchasing Costs
It is important when you decide to buy a home that you have a full understanding of the costs associated with your purchase. People often assume the only cost of buying a home in our real estate market is the price of the home, and that is it. There are a lot of additional costs… Read more »
Home Buying Process
Moving can be very exciting but it can also be very stressful as there are so many things to remember to do! Don’t despair; whether you are doing it on your own, asking friends for some help, or hiring professionals, here is a quick guide to help you get through the buying process. Avoid 9… Read more »
9 Reasons to Buy
9 Reasons to Buy There are many reasons why you should consider jumping into the real estate market and buying a home. Below is a list of 9 reasons why you should seriously consider it. 1. To Quit Renting Why contribute to someones mortgage payments when you could be paying off your own? With the… Read more »
Selling
When a non-resident sells Canadian real estate, he/she is required to pay the appropriate amount of taxes on any capital gain. The normal Canadian tax rates will be applied to 50% of the gain. However, a non-resident is required to pay an estimate of the tax before the sale, an amount equal to 25% of… Read more »
Buying
The bottom line is that buying real estate in Canada is very easy. From a residency point of view, if you plan to stay in Canada for 6 months or less each year, the government considers you a non-resident, which means that you can still open a bank account and buy property, etc. If you… Read more »
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