Author: SeniorsHub
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Short‑Term Rentals-Understanding Municipal Rules
Thinking of listing your property on Airbnb? You may want to check the rules first. Short-term rentals can generate attractive income for homeowners, but Mississauga has introduced strict regulations that limit how these rentals operate. Before listing a property on platforms such as Airbnb or VRBO, it is important to understand the city’s licensing requirements,…
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Estate Freeze and Deemed Disposition
Many property owners spend years building wealth through real estate. Rental properties appreciate, portfolios grow, and equity accumulates over time. However, under Canadian tax law, the transfer of that wealth to the next generation can create a significant tax event. According to the Canada Revenue Agency (CRA), when a person dies they are generally considered…
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Pre-Construction Condo Dilemma: A Reality Check
Some of my clients who purchased pre‑construction condos during the peak market are now approaching their final closing dates. Given today’s market conditions, many are unsure whether they should close, assign, sell after closing, or rent and hold. To help them make an informed decision, I recommend evaluating the following financial factors before choosing a…
