June 16, 2010 - Greater Toronto realtors reported 4,139 sales during the first two weeks of June 2010. This represented a 20% decrease compared to the 5,185 sales recorded during the same period last year. The sellers market experienced in the beginning of the year has become much more balanced. New listings are increasing; home buyers have much more to choose from with the increased inventory....continued
June 3, 2010 -- Greater Toronto REALTORS® reported 9,478 sales through the Multiple Listing Service® (MLS®) in May, representing a one per cent dip compared to May 2009. The pace of transactions has slowed in May following record-setting sales in February, March, and April. Buyers who otherwise would have been puchasing a home in May moved much quicker this year, likely to get ahead of mortgage rate hikes. New listings were up 38%....click here for full report
If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. When you find a home that really interests you, mark the features you see and note their general condition on this list.
The Income Tax Act does not specifically set out whether or not a gain or loss is capital in nature. The taxpayer is responsible for reporting the gain as income or capital gain. This report may then be challenged by the Canada Customs and Revenue Agency with the onus of proof on the taxpayer.
When should I sell my home? Your answer to this question might be right now! If you have taken a job in another city or made an offer on a new home, or had an addition to your family, selling your home fast might be the most important goal you have. Most people, however, have some flexibility when they sell their home. Let us take a closer look at the most important factors that can go into this decision.
