Real Estate

5 Lessons Learned as a First-Time Landlord

By Sean Cooper / November 15, 2013 /

Ever since I was young I’ve aspired to be a homeowner. In August 2012 my lifelong goal became a reality when I purchased my first home. Home ownership was a big step – for the first time I was out on my own. Buying a house on your own is tough, but being a first-time…

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How to File Your Rental Income Taxes

By Sean Cooper / May 8, 2013 /

If you’re a landlord, it’s important to understand how to file your rental income come tax time. Whether you’re renting out a basement apartment or an investment property, you’ll need to report your rental income. This is done by completing Form T776, Statement of Real Estate Rentals. If you’re filing your own income tax, you’ll…

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Residential Property Assessment: How Much Is My Property Worth?

By Sean Cooper / April 17, 2013 /

With my recent article in the Toronto Star on How I reduced my property taxes by $700, I thought I’d explain property assessments in further detail since there’s a lot of confusion surrounding them. Every year residential property owners across Canada receive their assessment notices in the mail. The biggest concern is probably how much…

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Are You Ready to be a Landlord?

By Guest Blogger / October 22, 2012 /

This is a guest post by Clare. With roller coaster housing prices and more people finding that renting is better idea than buying, there will be more people turning to renting. You may be interested in becoming a landlord for that passive income experience. As a beginner landlord, I’ve learned a few things along the…

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How Co-operative Housing Works

By Clark / September 17, 2012 /

There are many posts dealing with real estate and housing on this blog. But, a topic not discussed yet is co-operative (or co-op) housing. Lets start with some of the basics. What is a Housing Co-op? A housing co-operative is, most times, a not-for-profit corporation governed by the co-op act of the province or territory…

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When to Pay Back the Home Buyer’s Plan

By FT / September 12, 2012 /

There is often much discussion about the best way to pay back the RRSP home buyer’s plan, namely the specifics of when, how much, and how soon to pay back the money you borrowed from yourself. The TFSA Changed the Game… With the creation of the Tax Free Savings Account, and the tax free gains…

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30 Year Mortgages Are Better Than You Think

By Sean Cooper / August 20, 2012 /

This is a post by Sean Cooper. Mortgages have been a hot-button issue as of late. Finance Minister Jim Flaherty recently reduced the maximum mortgage amortization for high ratio mortgages from 30 years to 25 years (it still remains at 30 years for conventional mortgages). He preached the benefits of a shorter amortization: “(The change)…

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How Rent to Own Houses Work in Canada

By FT / July 9, 2012 /

One real estate strategy that I’m quite familiar with, but never written about, is rent to own or lease option homes.  What is a rent to own home?  It’s pretty much exactly as it sounds.  It’s where an investor, or home owner, rents out their property to a tenant, but gives the tenant the “option”…

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