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...