Prices are still climbing in the Metropolitan Montreal Area at a rate of 10% compared to the price of single family homes at this time last year. The number of transactions have decreased however by 7%. To read more, click here.
Archive for February, 2008
Thinking about selling your home in early 2008? If so, you’re at the right place! Royal LePage is offering a chance to win $35,000* in the Royal Treatment Contest to all Quebec residents who register to sell their residential property with a Royal LePage agent between January 1st and April 14th 2008.
Once you register your residential property for sale, I will also give you the Royal Treatment Package containing rebates and discounts for appliances, draperies, gardening and lots more!
*Please see full contest rules here.
We’ve added informative videos that outline the steps for both buying and selling real estate. New episodes will be added periodically that cover investment properties, relocation and other specialized areas.
For more information, please follow this link for the full story.
The Canadian Real Estate Association (CREA) recommends that the federal government amend the Income Tax Act to promote increased reinvestment in real property. The amendment would effect a deferral of both the capital gains tax and the capital cost allowance recovery for all real property investments when an investment property is sold and the proceeds are invested in another real property within the subsequent year.
Any proceeds that are eligible but not reinvested, or where such reinvestment does not meet the criteria, would be subject to capital gains tax. Read More
