10 Things Canadians Need to Know About Owning Real Estate in the USA

Are you interested in investing in real estate in the United States? Whether it is for your family, retirement, investment or a rental vehicle for extra income, Canadian citizens can buy real estate in the United State without any major restrictions.  Buying in the U.S. can be very appealing to Canadians due to the warmer weather and the strong real…
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Lake Simcoe Waterfront Report: 2019 1st Quarter

MARKET REVIEW The first quarter of 2019 is showing a positive start to the year for waterfront sales.  There was a total of 17 sales which, is an increase of 31% since 2018 within the areas that we have been reporting for the past 10 years which include: Georgina Innisfil Oro-Medonte Orillia Ramara Beaverton (NOTE: …
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Tax Implications Of Owning Property Abroad

Did you know that if you own property abroad that cost in excess of $100,000 you must declare it on your tax return? This is just one of the tax implications of owning property abroad. According to the experts at Turbo Tax, you must fill out tax Form T1135 each year if you answer “yes”…
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Will The Future Of Airbnb Impact The Toronto Real Estate Market?

by Claxton Finn & Roxanne Henderson / Chestnut Park Real Estate Limited, Brokerage. Airbnb has revolutionized the way people think about travelling by creating a trusted community marketplace for people to “list, discover, and book unique accommodations around the world” – Airbnb. From condos to cottages, and castles to treehouses, the company can connect you…
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Is It Better To Buy Or Rent A Vacation Home?

When you’re considering bringing a slice of the vacation life into your life permanently with the purchase of a vacation property, you need to make sure it makes financial sense. It’s a tough decision and that’s why so many people debate about whether it is better to buy or rent a vacation home. After the…
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