Tag: passive-income
-
Short-Term Rentals: What You Should Know
Short-term rentals—through platforms like Airbnb can be an effective way to generate additional income from your home. However, in Mississauga, the rules are clear and more restrictive than many expect. Before getting started, it’s important to understand how these regulations—and related tax considerations may impact you. 1. Not Every Property Qualifies In Mississauga, short-term rentals…
-
Use Your RRSP to Buy Your First Home
If you’re planning your first home purchase, the Home Buyers’ Plan (HBP) is one of the most effective ways to strengthen your position. It allows you to use your own savings to increase your down payment—without taking on additional debt—while maintaining flexibility in repayment. What You Can Do: Through the Home Buyers’ Plan, you can…
-
Shifting Dynamics: The Rise of Institutional Investment in Condo Market
In recent years, the housing market in the Greater Toronto Area (GTA) has begun undergoing an important shift, particularly in the condominium sector. For a long time, the market operated under a fairly predictable model. Developers would build condo towers, individual investors would purchase units before construction was completed, and rising property values made these…
