In a recent announcement, the federal government revealed a significant change to Canada’s capital gains tax policy, set to take effect on June 25. This alteration entails increasing the tax burden on businesses and private investors, who will now be required to pay tax on two-thirds of their capital gains earnings, up from the previous half, upon selling real estate assets.

Saskatchewan's real estate is bucking the national trend with a spark of growth that's catching eyes. While the Canadian market sends mixed signals, this prairie province stands firm. With a benchmark home price nudged up to $319,600, it's clear Saskatchewan's market isn't just steady—it's showing signs of an upswing.

As we venture into 2024, the Canadian real estate market presents a landscape of evolving trends and opportunities. Let's delve into the top three projections shaping this sector.

As we embark on the final leg of our Home Selling Series, the spotlight shifts to a crucial aspect that sets the stage for a lasting first impression—curb appeal. The exterior of your home is the prelude to the story it tells, capturing the attention of potential buyers before they even step through the front door. Let’s explore creative and practical ways to boost your home's curb appeal, ensuring it stands out:

In the exhilarating journey of preparing your home for the real estate market, the pivotal first step was to declutter, creating a canvas of simplicity and space. Now, as we venture into the second part of this transformative series, the focus shifts to enhancing the interior of your home. Elevating your living spaces not only increases its market appeal but also allows potential buyers to envision the lifestyle your home offers. Let's dive into practical and creative ways to make your home a standout gem in the competitive real estate market:

In a world often saturated with possessions and the hustle of daily life, the art of decluttering emerges as a transformative practice especially when getting your home ready for sale. This is the first of 3 steps that we will be diving into this month in order to get your home market ready. Beyond the mere act of tidying up, decluttering is a deliberate choice to curate our surroundings, creating a harmonious and balanced living space. In this article, we dive into the art of decluttering - it’s profound impact on our homes, minds, and overall well-being:

Saskatchewan Launches Innovative Grant to Boost Housing Options and Affordability

FHSA Canada First Home Savings Account

UHT is primarily a tax targeting vacant or underused properties not owned by Canadian citizens or permanent residents. However, many Canadian entities, including individuals, corporations, partnerships, and trustees with ownership of residential real estate, must also consider this tax. Beginning in 2022, if you manage properties within Canada, you must determine whether a UHT return is required. The tax is calculated at 1% of the residential property's value, considering the higher of its last sale price or property tax assessment value.

Just because you file a UHT return doesn't mean you'll necessarily owe more tax. Many exemptions and scenarios result in zero balances upon filing.

UHT is primarily a tax targeting vacant or underused properties not owned by Canadian citizens or permanent residents. However, many Canadian entities, including individuals, corporations, partnerships, and trustees with ownership of residential real estate, must also consider this tax. Beginning in 2022, if you manage properties within Canada, you must determine whether a UHT return is required. The tax is calculated at 1% of the residential property's value, considering the higher of its last sale price or property tax assessment value.

Just because you file a UHT return doesn't mean you'll necessarily owe more tax. Many exemptions and scenarios result in zero balances upon filing.

U of S Alumni Perks