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The smart seller’s secret to reducing capital gains tax in Canada + MORE Jul 18th
For many Canadians, selling a property can come with a surprise: the capital gains tax. Whether it’s a cottage, rental property, or former principal residence, understanding how capital gains are calculated and how a professional appraisal can significantly reduce your tax burden is crucial. .... More »
Bob Joyce, financial advisor + MORE Apr 7th
Meet Bob Joyce
As a young lad, Bob Joyce received some words of wisdom from his father that clearly resonated with him. He would, on occasion, hear his dad say that we don’t all wear blue suits. When he asked his dad what that meant, he was told that everyone is unique, and we need to recognize.... More »
Should you use the RRSP Home Buyers’ Plan on a mixed-use property? + MORE Jul 18th
Ask MoneySense
I have a question regarding the RRSP Home Buyers’ Plan. I am a first-time home buyer. I need to use my RRSP, but the property I want to buy is a mixed-use property. We pay two kinds of taxes for this property: residential and commercial. I want to use the residential part of the pro.... More »
Real Matters picks bankers, aims for $125-million in IPO + MORE Apr 21st
The company is targeting an enterprise valuation of more than $1-billion with the offering, sources say
.... More »
New CEO of mortgage lender Home Capital says corporate culture is critical + MORE Aug 3rd
The new CEO of Home Capital Group (TSX:HCG) says ensuring the company, which nearly collapsed earlier this year, has the right corporate culture is critical to its future.
In his first day on the job Thursday, Yousry Bissada said while the lender’s core executive team is strong, there is still.... More »
Montreal has best start to real estate market in 4 years, sales rise 10% in Q1
– canadianbusiness.com
MONTREAL – Greater Montreal’s real estate market is off to the best start in four years, with the number of residential sales up 10 per cent in the first quarter.
About 10,600 sales were concluded in the first three months of the year, with sales increasing in all five main geographic areas in and around Canada’s second-largest city, the Greater Montreal Real Estate Board said Thursday.
Sales of residential buildings with two to five units increased 20 per cent. Condominium sales grew 12 per cent and single-family home sales were up eight per cent.
Properties valued at $500,000 or more jumped 21 per cent.
The median price of plexes grew five per cent to $455,000. Single family homes prices rose two per cent to $285,000 overall and up three per cent to $395,000 on the island which includes the city of Montreal. Condo prices fell one per cent to $230,000 overall, but increased four per cent to $276,540 on the island.
There were 34,208 properties for sale during the quarter, down five per cent from a year ago…
About 10,600 sales were concluded in the first three months of the year, with sales increasing in all five main geographic areas in and around Canada’s second-largest city, the Greater Montreal Real Estate Board said Thursday.
Sales of residential buildings with two to five units increased 20 per cent. Condominium sales grew 12 per cent and single-family home sales were up eight per cent.
Properties valued at $500,000 or more jumped 21 per cent.
The median price of plexes grew five per cent to $455,000. Single family homes prices rose two per cent to $285,000 overall and up three per cent to $395,000 on the island which includes the city of Montreal. Condo prices fell one per cent to $230,000 overall, but increased four per cent to $276,540 on the island.
There were 34,208 properties for sale during the quarter, down five per cent from a year ago…
Phil Kessel scores one last time in Toronto
– moneysense.ca
Looks like Phil Kessel, who vacated his spot as the Maple Leaf’s temperamental right winger last year, is officially no longer a Toronto condo-owner.
As reported in the Toronto Star, Kessel just finalized the sale of his 5,000 square foot condo apartment—selling it for 85% of the $3.38 million initial list price. (Watch the video above for a virtual tour of the place.) So, should Kessel be worried about the $565,000 loss? Does this mean home sellers can expect a drop in prices this year? It’s a definitive “no” to both questions. Here’s why.
Different buyers
It’s not just the price tag, space or amenities that set luxury properties apart, it’s also the type of buyer that is attracted to these properties. International demand has a much larger impact on luxury market sales, explains Jonathan Smoke, chief economist at U.S.-based Realtor.com. While middle-class Canadians may be worried about mortgage rates, land-transfer taxes and rising home prices, luxury home buyers are more concerned about safe investment environments and ways to maintain or create more wealth…
As reported in the Toronto Star, Kessel just finalized the sale of his 5,000 square foot condo apartment—selling it for 85% of the $3.38 million initial list price. (Watch the video above for a virtual tour of the place.) So, should Kessel be worried about the $565,000 loss? Does this mean home sellers can expect a drop in prices this year? It’s a definitive “no” to both questions. Here’s why.
Different buyers
It’s not just the price tag, space or amenities that set luxury properties apart, it’s also the type of buyer that is attracted to these properties. International demand has a much larger impact on luxury market sales, explains Jonathan Smoke, chief economist at U.S.-based Realtor.com. While middle-class Canadians may be worried about mortgage rates, land-transfer taxes and rising home prices, luxury home buyers are more concerned about safe investment environments and ways to maintain or create more wealth…
Shares in Canadian-based entertainment conglomerate Entertainment One were up 13 per cent on the stock market Thursday after a report suggested British TV channel ITV was considering buying the company.
4 ways an automated RRSP plan will improve your life
– thestar.com
From less stress to greater gains, there are a number of reasons to set up monthly contributions.Putin tells Russians he shares pain of economic hardship in annual phone-in – The Globe and Mail
– news.google.ca
The Globe and MailPutin tells Russians he shares pain of economic hardship in annual phone-inThe Globe and MailPresident Vladimir Putin assured ordinary Russians on Thursday that he was trying to relieve the hardships inflicted on them by the slowing economy and the financial knock-on effects of Russia's stand-off with the West. Putin used a televised phone-in, …Putin blasts Panama Papers 'provocation,' soothes crisis-hit RussiansReuters CanadaMeldonium not a performance-enhancer says PutinToronto StarPutin seeks to charm, insists Russian economy on the mendTheChronicleHerald.caABC News -Reuters Blogs (blog) -New York Times -NPRall 445 news articles »
