Friday free-for-all time y’all!
What are seeing out there in the streets?
Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!
CRA goes after Reno flips
One way to make money without paying taxes is to live in a home you are renovating to sell so you can claim the principal residence tax exemption. Of course if you do this as a way to make money you are actually operating a business and you owe those taxes anyways, either as capital gains or income taxes.
The CRA is going after people using this loophole to illegally avoid paying taxes and are using third party data to find them. If you are thinking of Reno flips without considering the tax bill, this might not be your best money making strategy.
Friday free-for-all!
It’s the weekend!
That means it’s time for another open topic discussion thread.
What are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!
No days with over 200 sales in 2 months
Can it be? Have we gone two month in the spring selling season without a single day hitting over 200 properties sold?
Myraandrews has gone through Paul’s numbers and it looks like that’s the case:
In over two months not a single day of over 200 sales
May 10 New 229 Sold 126 TI 10957
May 9 New 309 Sold 172 TI 10914
May 8 New 318 Sold 117 TI 10835
May 7 New 389 Sold 131 TI 10697
May 4 New 191 Sold 110 TI 10540
May 3 New 213 Sold 103 TI 10503
May 2 New 268 Sold 146 TI 10481
May 1 New 363 Sold 134 TI 10420
Apr 30 New 375 Sold 163 TI 10459
April 27 New 147 Sold 89 TI 10347
April 26 New 208 Sold 161 TI 10,332
April 25 New 239 Sold 123 TI 10,345
April 24 New 323 Sold 136 TI 10,299
April 23 New 385 Sold 145 TI 10,180
April 20 no post from Paul
April 19 New 211 Sold 133 TI 10,006
April 18 New 266 Sold 128 TI 9989
April 17 New 297 Sold 120 TI 9898
April 16 New 377 Sold 191 TI 9799
April 13 New 152 Sold 137 TI 9727
April 12 New 199 Sold 112 TI 9748
April 11 New 248 Sold 101 TI 9709
April 10 no post from Paul
April 9 New 382 Sold 117 TI 9450
April 6 no post from Paul
April 5 New 268 Sold 164 TI 9264
April 4 New 324 Sold 154 TI 9204
April 3 New 538 Sold 131 TI 9104
Mar 26-29 New 793 Sold 455 TI: 9032 (summary only)
March 23 New 123 Sold 110 TI: 8916
March 22 New 139 Sold 107 TI: 8944
March 21 New 193 Sold 138 TI: 8948
March 20 New 279 Sold 142 TI: 8931
March 19 New 307 Sold 120 TI: 8862
March 16 New 158 Sold 117 TI: 8743
March 15 New 154 Sold 127 TI: 8737
March 14 New 231 Sold 140 TI: 8749
March 13 New 277 Sold 159 TI: 8688
March 12 New 327 Sold 139 TI: 8642
March 9 New 139 Sold 91 TI: 8510
March 8 New 196 Sold 118 TI: 8496
March 7 New 204 Sold 99 TI: 8442
March 6 New 246 Sold 130 TI: 8372
March 5 New 316 Sold 104 TI: 8344
Friday free-for-all! May 11th 2018
Its that time of the week again, free-for-all time!
This is our regular end of the week news round up and open topic discussion thread for the weekend. Here are a few recent links to kick off the chat:
–realtors, developers brace for crash
–86% want to curb foreign speculation
–gov introduces presales registry bill
–vancouver luxury market worst on continent
–cut condo flipper taxes in half
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So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!