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HST on the sale of short term rentals

A recent court ruling had a homeowner on the hook for HST on the sale of their home because it was consistently used as a short term rental. Normally owner occupied homes are not subject to HST or Capital Gains Tax when they sell, so this ruling could have...

Toronto Real Estate Market Update (Oct 23)

Just a quick real estate market update. As many of you who have been following the market might have already heard, today the Bank of Canada announced a significant interest rate decrease of 0.5%. This marks the highest decrease in this current cycle. I also briefly...

3 Significant Mortgage Rule Changes in Canada

Yes, I know…another video talking about mortgages! I know I’ve posted a few videos about mortgages and interest rates as of late. It’s because this is biggest single issue currently affecting the housing market, so it definitely warrants some...

Real Estate News Roundup (July 2024)

In this video, I wanted to bring to your attention 3 noteworthy items from the past week.-Government of Canada announces 30-year mortgages (with some major stipulations)-A research study showed the average Canadian family spend more on taxes than they did on food,...

Residential Rental Licensing for Landlords

The city of Brampton has moved into the second phase of its residential landlord licensing (RRL) pilot program for landlords. This is a pilot program requiring landlords to register their units and apply for a licence in an effort to curb illegal rental units and...

Another Interest Rate Cut (July 24)

For the second announcement in a row, the BoC has announced a 0.25% decrease to interest rates. Not a signigicant decrease, but hopes are increasing that more rate cuts are coming. The key interest rate now stands at...