by milad@pruve.ca | May 18, 2022 | Uncategorized
Part 2 of Bill C-8 is the Underused Housing Tax Act (“UHTA”), which is the first federal statute targeting vacant homes and foreign owners. The UHTA applies to residential real estate that is owned directly or indirectly, in whole or in part, by non-permanent...
by milad@pruve.ca | Jul 27, 2021 | Uncategorized
The City of Toronto is planning to start taxing unoccupied houses in order to discourage real estate speculators from buying up homes and leaving them empty as locals struggle to find affordable accommodation. While the federal government has revealed plans to...
by milad@pruve.ca | Jul 6, 2021 | Uncategorized
Prospective buyers and their realtors are frequently disappointed in today’s competitive real estate market when their offer is not accepted by sellers. Too frequently, buyers and their agents are left wondering how close their offer was to the winning bid and...
by milad@pruve.ca | Jun 22, 2021 | Uncategorized
Government Attitude and Definition The federal government of Canada is experimenting with blockchain technology in many sectors. The National Research Council is testing blockchain to disseminate real-time research award and financing information.[i] The Canada Border...
by milad@pruve.ca | May 25, 2021 | Uncategorized
The New Residential Rental Property Rebate You are entitled for the new residential rental property rebate (NRRPR) if you bought a newly constructed home or condo as an investment property and have a tenant who has signed a lease for at least one year. Notably, when...
by milad@pruve.ca | Jun 17, 2020 | Uncategorized
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