The legalization of cannabis will affect landlords in Canada since renters won’t know what to do about banning its use inside their rental properties. October 17th, 2018, was the official date for its legalization and landlords are more worried than ever. Many have started acting and prohibiting tenants from using cannabis. However, many tenants feel […]
When you are buying your first rental property, you may be faced with a question whether you have to pay HST upfront on a rental income property in Canada.
Real estate is crazy out there – right from the one bedroom condo that sells for $600 a square foot to the unaffordable starter home that starts at $750,000. And that’s why millennials are becoming landlords – buying an income property and benefiting from the investment and income.
As university and college enrolment continues to grow across Canada, there’s also an emerging investment opportunity for student housing. Demand for off-campus student housing is clearly outstripping supply. And for landlords, the investment opportunity for student housing presents new horizons. Needless to say, large urban centres will be high demand centres for rental units.
Its come to light recently that the federal government is getting more and more interested in catching real estate “flippers” in the Toronto and Vancouver markets. Some tax experts and real estate professionals believe that this is just the beginning of a CRA crackdown on real estate investors who may have been tax cheating for […]
When it comes to HST real estate rebates from Canada Revenue Agency, things can get quite complicated. In principal, HST rebates are available when purchasing a new home; when doing a major renovation; or when investing in a rental property. With all of the rules and regulations, the rebate process can be complicated for the […]
