All Questions
Tagged with canada real-estate
54
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How to calculate total profit when doing assignment sale in ontario?
I am learning about assignment sales, and I wanted to fully work out what are all the calculations and fees/taxes when calculating the final net profit I would keep if I do an assignment sale, and was ...
- 123
2
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87
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Is it a "bare trust" if a title holder owns only a fraction of a property?
There's a lot of press right now about new rules for reporting of bare trusts in Canada.
CRA info: https://www.canada.ca/en/revenue-agency/services/tax/trust-administrators/t3-return/new-trust-...
- 13.4k
2
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70
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Tax and selling a property in the U.K. before moving to Canada
I would appreciate some advise on this: If you sell a property in the UK to move to Canada, and then transfer the money from the sold property to Canada, will you have to pay tax in Canada on the ...
- 21
1
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82
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Central Bank Interest Rate Hikes in Canada impact on Fixed/Variable Rates
Note: This is my first property purchase so forgive the n00b question
I plan to sign at the notary for the purchase of a condo in the upcoming months. The condo was under construction for the past ...
- 113
2
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54
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What are the correct terms for a fixed payment with variable rate mortgage vs variable payment with variable rate mortgage?
What are the correct terms for a fixed payment with variable rate mortgage and variable payment with variable rate mortgage? I've read on some articles that a variable rate mortgage and adjustable ...
- 59
2
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1
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310
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In a fixed mortgage, is the term the same as the amortization period?
From what I understand, the term is the length of time the mortgage agreement and interest rate will be in effect and the amortization period is the length of time it’d take to fully pay off the loan. ...
- 47
0
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3
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250
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What is a land loan, is it different than a mortgage, and how?
From what I understand, a mortgage is a loan secured by real estate. Thus under this definition you should also be able to buy land (secured by the land). Is this true? If it is how come there are ...
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Canadian citizen living in Canada wants to gift a US property to a Canadian living in the US. What do I all need to know?
My uncle wants to gift a piece of property in the USA that apparently is worth about $8,000 to my sister and I. We are both Canadian citizens living in the US as permanent residents. Just curious ...
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2
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2
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186
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earnest money and security when buying a house in Vancouver
I am in Vancouver and planning to buy a townhouse. There is approximately a difference of 2 months from the day I make the deposit to the closing day (which I see as the funding day). I am starting my ...
- 175
2
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1
answer
112
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mortgage protection through term life insurance vs mortgage insurance
I hear that mortgage protection through term life insurance is an alternative to mortgage insurance. I am not making a 20% down payment so I believe I will need to get one of those. What are the pros ...
- 175
24
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4
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7k
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Buying a house. Seller wants cash now and move only next year, renting same house in meantime
A relative of mine found a fantastic house on the market (Canada), evaluated 750k. He knew there were 3 other buyers making offers and he was entering a bidding war. He made an 800k offer and was the ...
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27
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7
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Why would a rational buyer offer to buy with no conditions precedent?
Assume that the Canadian Reddit commenter beneath is rational. I corrected typos.
As an investor, I have a tactic where I only buy houses via the
listing realtor, and do not use my own. Why?
...
user102055
1
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1
answer
77
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Federal and State Taxes on International Property as a Prize
https://www.writealetterwinahome.ca/
Recently, there has been a contest issued by Alla Wagner of Millarville, Alberta, Canada, where in lieu of selling her home (a difficult prospect at the present ...
- 13
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2
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918
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What is the point of buying real estate when a GIC yields more?
Despite the fact that interest rates have risen over the past year and the housing market flatlining in Toronto and other Canadian cities, for whatever reason， people are still selling houses at ...
- 417
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1
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175
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Looking to calculate expected profit from sale of house
I'm trying to calculate the money I will see as profit from the sale of my house.
I'm tallying the various expenses associated with selling and would like input on any costs I'm missing. I'm in ...
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