Canada’s 2005 Housing Market The country’s housing market showed remarkable strength in the traditionally slower fourth quarter as sales activity in most major markets stimulated robust year-over-year increases in average prices, according to the fourth quarter 2005 Royal LePage Survey →
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The CMHC and the RAP Program allows for first-time home owners to use RRSP’s or to borrow to purchase RRSP’s in order to use the tax deduction towards your down payment.
In most cases - yes, although there are some exceptions and alternatives, dependent on the current market and available inventory.
Yes and No. GST/PST applies on the sale price of new construction, however, on resale purchases, GST/PST applies only on the Commission as it is a taxable service. Also, in some instances, there may be tax deductions in regards to the purchase of a house. Homes containing a business with a transfer of ownership may be subject to income tax.
Evaluations or Municipal Assessments are for tax purposes and may not always reflect market value accurately. Market Value is a detailed process comparing recent sales of similar properties and current competition accordingly within specific market conditions.
The commission is variable based on service & circumstances relevant to the sale.
Generally, the vendor, although there are other alternatives.
The market ultimately determines the true value of your property. Before you compare your home to similar properties and establish a competitive list price, the following points should be considered: 1. Location 2. Size 3. Style 4. Condition 5. Community →
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YOU HAVE DECIDED TO SELL Selling a home can be a confusing and complicated process. Selecting a salesperson and deciding on a price will be two key decisions. The cost of selling a home is also an important consideration. You →
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The first formal step in marketing your property is to enter into a Listing Agreement - a contract that commits Royal LePage to actively market your home for a specified period of time. It also commits you to a pre-established →
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