Airbnb Tax Implications
Posted on Jan 22, 2025
Airbnb Tax Implications: A Simple Guide
Last year, the Canadian government introduced a new law targeting Airbnb investment properties with specific tax implications. This change makes understanding how the Harmonized Sales Tax (HST) applies to such properties crucial for buyers, sellers, and real estate professionals.
The Basics of HST
HST applies t...
Three Inexpensive Home Security Systems
Posted on Jan 15, 2025
Three Inexpensive Home Security Systems
Keeping your home secure doesn’t always have to mean spending a fortune. There are several affordable security products available that can help protect your property and give you peace of mind. If you're living in Ontario, Canada, here are three inexpensive home security items that can make a difference withou...
Pros & Cons of Reverse Mortgages
Posted on Jan 08, 2025
Pros and Cons of Reverse Mortgages in Ontario, Canada
A reverse mortgage is a financial product that allows homeowners to borrow against the equity in their home, receiving tax-free loan advances without the requirement to make monthly payments. In Ontario, Canada, this option is gaining attention as more people look for ways to supplement their ret...
Guide to Managing & Renting Vacation Properties
Posted on Dec 31, 2024
New Investor's Guide to Managing & Renting Vacation Properties
Setting Up a Vacation Rental Business
Investing in vacation rental properties offers an opportunity to diversify your portfolio, generate additional income, and potentially create a lifestyle asset. However, the vacation rental market is highly competitive, so a deep understanding of vari...
Real Estate Council of Ontario Code of Ethics
Posted on Dec 14, 2024
The Real Estate Council of Ontario (RECO) Code of Ethics: Upholding Professionalism and Trust in Real Estate
The Real Estate Council of Ontario (RECO) is a regulatory body that oversees real estate professionals in Ontario, ensuring that they meet the high standards required to protect consumers and promote professionalism within the industry. At th...
Understanding the Difference Between Real Estate Professionals & Brokerages
Posted on Dec 07, 2024
Understanding the Difference Between Real Estate Professionals and Brokerages
In the real estate industry, two key terms often come up: real estate professionals and brokerages. While they are closely related, they serve distinct roles in the buying, selling, and leasing of properties. Understanding the difference between them is essential for consu...
