Carol SL Mark’s Blog

Increase for high earners: After June 25, 2024, capital gains tax increases for profits exceeding $250,000.The $250,000 threshold applies to individuals, including gains through partnerships or trusts.

CIBC World Markets managing director and deputy chief economist Benjamin Tal discussed the housing affordability crisis in Canada, emphasizing the need to reduce demand and build faster. Zonda's chief economist Ali Wolf highlighted the housing shortage in Toronto due to limited land and slow development timelines. Devron's president Pouyan Safapour suggested a shift towards building…

Toronto was ranked as the 5th best place to live in Canada. It had the 3rd-highest house prices, averaging $14,933/sq m.

Preparation is crucial when selling your home, impacting both the speed of the sale and the final price. This guide covers steps like enhancing curb appeal, decluttering, making repairs, staging, and cleaning to attract buyers and increase the property's value. Continue to full article

The Toronto Regional Real Estate Board's monthly report indicates an improvement in the Greater Toronto Area's housing market.Home sales through the MLS in February totaled 5,607, ↑ ~18% yearly.

Prospective renters in Toronto should be cautious when renting online, as two individuals shared their experiences of being scammed out of rental properties. They found listings on Rentals.ca, pre-paid rent, but never received keys or found someone else living in the unit. The platform now verifies landlords to prevent fraud. Continue to full article

Budget allocates millions to support Toronto renters. Emphasis on renters contrasts previous homeowner-focused policies.

Selling a timeshare in Florida can be stress-free with a reputable resale company like Fidelity Real Estate. Real estate agents may not specialize in timeshare resales, so working with experienced companies is recommended. Resort buyback programs and being cautious of scams are important considerations when selling a timeshare responsibly. Avoid upfront fees and unrealistic promises…

$1M gets 2.8 bedrooms, 1.9 baths, 1,218 sq ft in Toronto, less than GTA or national averages.At $2M, expect 4.0 bedrooms, 2.9 bathrooms, 2,940 sq. ft.

Monthly payments become more manageable for young Canadians aiming for homeownership. Some advocate for broader eligibility, expressing concerns about effectiveness in high-priced markets.The industry expects a significant impact, potentially spurring more construction and aiding rental market relief.