The Canadian Tax Court’s Decision on Airbnb Properties: What it Means for Short-Term Rental Owners
With the rising popularity of Airbnb, Canada has seen more homes converted into short-term rental properties. Recently, however, the Canadian Tax Court has introduced rulings that significantly impact the tax obligations of property owners who operate these rentals. The crux of these rulings: proper
Land Title Fee Increase
Starting on October 20, 2024, Alberta will see a significant increase in land transfer and mortgage registration fees. The new fees will rise from $2 per $5,000 of the property's purchase price to $5 per $5,000 for land transfers. Similarly, mortgage registration fees will increase from $1.50 per $5
Demystifying Real Estate Pricing Metric: A quick guide
In the realm of Calgary's fast paced real estate, understanding pricing metrics is vital for both buyers and sellers to make informed decisions. Among the commonly used metrics are median price, average price, and benchmark price. Here is a quick breakdown: Median Price: The Middle Ground What is it