Financial Post’s Market Musings
Oakville’s detached home spring market has been slow out of the blocks. However, the Toronto Real Estate Board reported a 17% surge in April for Toronto’s housing market. This Financial Post article is an interesting read.
Getting the Best Return on Investment
The results are in from the Royal LePage survey and it provides useful insights into the expected return on investment for various home renovation projects. Interested in learning more? Visit this link: Kitchen renovation has greatest potential to boost a property’s sale price
Legalization of Cannabis and Its Possible Impact on Real Estate
As we approach the legalization of home cannabis cultivation and recreational use, there are many questions around the impact that it may have on the real estate market. Concerns revolve around the influence it could potentially have on property values. Most mortgage companies were unwilling to insure homes that were formerly used as cannabis grow operations. […]
Tax Time Advice
While the sale of your principal residence has not had any tax implications in the past, 2016’s changes to reporting should be taken seriously. If you don’t report the sale on your income tax return, you could be subject to a fine up to $8,000. While the CRA may reassess your tax returns going back […]
Shifting Housing Markets – Buy and Sell in the Same Market
Did you read the Toronto Star article on April 7th about the Oakville real estate market? We certainly made the news. While it’s important to realize that sensational headlines sell papers, the message of shifting markets is accurate and the content is food for thought. They talked about the buyers who purchased new builds from Mattamy […]
Changing Mortgage Rates and the Housing Market According to RLP
Dominion Lending Centre Mortgage Agent Jeff Dickson sends us a weekly rate minder. It’s clear from his more recent mailings that both the posted rates and the preferred rates are on the rise. His recent report attributes some of the upward pressure on an unexpectedly strong US jobs report. With January job creation exceeding estimates, […]