In Toronto real estate, when a person sells her home, thanks to the Principal Residence Exemption, she isn’t usually taxed on capital gains. Similarly, if a principal residence is owned when a taxpayer dies, the residence will not attract a tax liability realized from the deemed disposition of assets. But, as Keith Masterman, LLB says, […]
No detached homes for young buyers — at least not in Toronto and Vancouver
In toronto real estate, the reality of today’s housing market is that young people may need to kiss the dream of owning a single family detached home goodbye. It is extremely difficult. If you live outside the metro areas of Toronto and Vancouver, you’re probably tired of all the whining — this doesn’t even apply […]
End 5 per cent Down Payment Idea Will Hurt Millennials To Buy Home
Some of Canada’s top bankers are so worried the housing market has grown out of control that they are urging the government to make it harder for them to lend out mortgages. In toronto real estate, critics say the bankers’ proposal to end five-per-cent minimum down payments on insured mortgages wouldn’t cool off the heated […]
Toronto existing homeowners may suffer ‘buyer gridlock’ and may not afford to move up
In toronto real estate, skyrocketing housing prices are now preventing even existing homeowners from being able to move-up into a new home. While much has been made of the plight of first-time homebuyers who have to contend with lack of affordability in both markets, TD Economics notes that higher prices are now locking out those […]
Baking Soda to use in Stain Pre-Treating
How To Make a Baking Soda Paste for Stains A baking soda paste is a great option to use to pre-treat even the toughest stains. Making a baking soda paste requires only water and baking soda. To make it, mix a 2 to 1 ratio of baking soda and warm water in a small […]