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 | | SELLING A HOME CAPITAL GAINS TAX | | | | | |  | | HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE | | | | | |  | | LOCATION, LOCATION.... MARKETING! | | | | | |  | | RENTING VS. BUYING, WHICH IS BETTER? | |
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SELLING A HOME CAPITAL GAINS TAX |
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SELLING A HOME CAPITAL GAINS TAX |
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| 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. |
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HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRI |
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HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE |
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| A hot market is a "seller’s market". During a seller's market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. |
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LOCATION, LOCATION.... MARKETING! |
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LOCATION, LOCATION.... MARKETING! |
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| We've all heard the "location, location, location" mantra when it comes to real estate. There is no doubt that someone will not buy a home unless it is in a place where they want to live or vacation. However, "location" can have many interpretations. |
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RENTING VS. BUYING, WHICH IS BETTER? |
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RENTING VS. BUYING, WHICH IS BETTER? |
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| One thing is for sure; we all know that we need a roof over our head. In most people’s case they end up having to pay either Rent for this roof or a Mortgage payment, unless of course you have a rich family that can offer you FREE or Reduced Rent. The point is, we ALL have to pay for a roof over our heads. |
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| Edward Tsiryulnikov | | | Broker | | | Right At Home Realty Inc., Brokerage Office:905-565-9200 Fax:905-565-6777 Direct:905-510-6083 | |
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