Found 5 blog entries tagged as taxes.

Real estate is one of the most profitable investments you can make. With a steady stream of income and long-term capital appreciation, investing in real estate can be an excellent way to diversify your portfolio and build wealth. In this article, we'll explore some of the key benefits of investing in real estate and why now may be the perfect time to get started.

Investing in real estate can be daunting, but with careful preparation and research, it can yield a significant income. Real estate is an asset class that has shown tremendous potential for generating significant returns. Before investing, it's important to figure out your goal and determine how much risk you're able to take. Researching the local market conditions is also essential in…

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Can non-Canadian residents participate in the Canadian real estate market? Sure, they can, but how does this work? We have put together a brief guide on selling a property in Canada as a non-Canadian resident.

Selling a Property in Canada as a Non-Canadian Resident Owner

A non-resident is allowed to buy and sell residential property in Canada.

Indeed, non-residents can enjoy many of the same facets of the Canadian real estate market as residents. They can obtain a mortgage loan from financial institutions as long as they fulfill the bank’s requirements and are approved for equity loans. Plus, for extra earned income on a property in Canada, non-resident property owners can also earn income on a property in Canada by renting it or using it as…

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Property Taxes

In Canada, everyone has an opinion about property taxes. Whether city dwellers or rural folk, each side will argue that the other is not paying enough in property taxes, making for a heated and spirited discussion about levies on the residence you worked hard to purchase.

That said, aside from discussions over what the property tax rate should be, this is an important subject since many prospective homebuyers do not consider their annual tax bill as part of their ongoing expenses, whether they own a condominium or a single-family home, which could hurt their wallets in the future.

Planning for annual property tax payments is just as important as researching the rate on your mortgage or determining what your closing costs…

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Buying a cottage

If you’re considering buying a cottage in Canada and have been watching the market, you already know this market segment has seen a surge in competition between buyers over the last decade. In recent years, cabins and cottages have been in high demand, as interest in renting out personal properties for extra income has become more accessible through various online platforms.

While purchasing a cottage as a recreational property or even as a year-round home can be an excellent investment in both the short and long term, there are some important factors to consider during your hunt for the perfect getaway home. Below we break down five important factors to consider when purchasing a recreational property

5 Factors to…

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