What Constitutes a Contract & When is it Legally Binding?
Posted on Feb 27, 2024
Contracts are the backbone of any transaction, whether you're buying a house, starting a business, or simply hiring someone for a service. But what exactly is a contract, and when does it become legally binding? Let's dive into the essentials.What is a Contract?
In its simplest form, a contract is a legally enforceable agreement between two or more...
What is a Contract?
In its simplest form, a contract is a legally enforceable agreement between two or more...Avoid These 6 Common Errors When Renovating Your Bathroom
Posted on Feb 10, 2024
Embarking on a bathroom renovation project is an exciting endeavor that can breathe new life into your home and possibly influence the home’s resale value.However, navigating the renovation process requires careful planning and consideration to ensure a successful outcome. Let’s explore common errors and mistakes to avoid when renovating your bathr...
The Advantages of Purchasing a Home in Vancouver During Winter Versus Spring
Posted on Feb 06, 2024
In the realm of Vancouver's real estate, the winter months, particularly January through March, introduce a set of technical considerations and subtle factors that can significantly benefit and impact the decision-making process for potential homebuyers.
- Beat the Rush: Forget about bidding wars and crowded open houses. February & March offers a quie...
Navigating the Vancouver Real Estate Wave: Timing the Right Moment to Buy Your Home
Posted on Jan 28, 2024
Buying a home is a significant life decision, and when it comes to Vancouver's dynamic real estate market, timing is everything. The breathtaking city nestled between mountains and the Pacific Ocean has a real estate scene that's as diverse as its landscapes, so let’s discuss the considerations for choosing the perfect moment to make that pivotal i...
Paying Capital Gains on the Sale of Your Primary Residence
Posted on Jan 10, 2024
The capital gains tax, implemented by the federal government back in 1972, comes into play when you sell an asset—be it a stock, bond, or home—at a price higher than what you initially paid for it.Now, when it comes to selling your home, you might end up with a capital gain. If your property served as your main residence throughout your ownership...
What Are Capital Gains Taxes?
Posted on Jan 02, 2024
In Canada, the capital gains tax on your primary residence is a tax applied to any profit you make when selling your home. However, there is a Principal Residence Exemption (PRE) that can shield you from paying tax on the capital gains if certain conditions are met.
Here's a breakdown of the key points:
Principal Residence Exemption (PRE):
Principal Residence Exemption (PRE):
- If you sell...
