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 →
Read full advice column
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.
Posted by Homes on July 15th 2009 | Permalink
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 →
Read full advice column
Posted by Homes on July 15th 2009 | Permalink
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 →
Read full advice column
Posted by Homes on July 15th 2009 | Permalink
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 →
Read full advice column