The world has been cloaked in uncertainty due to COVID-19 and we know that this unprecedented scenario can make it hard to move forward and make decisions. We know many home owners that are thinking of selling their homes but just aren’t sure if now is the right time. Well, we can say with confidence that now is absolutely the right time.
3 Reasons Why Selling Now Is The Best Decision You Can Make
While there can be many different benefits that come from selling your home, getting the best price possible is always a top priority. Now is your best chance to get the best price!
Here’s why:
1. Currently, the federal government does not tax the sale of your primary residence. However, they will have to find ways to finance the significant federal debt that’s been run up over the past five months (and counting) to pay for all the support programs announced in response to the global pandemic.
There has been much speculation that a capital gains tax on the sale of primary residences...
The impact of COVID-19 is still influencing the way we complete real estate transactions, but it is no longer causing a negative impact when it comes to the vibrancy of the current market. July was a record-breaking month for real estate sales across the GTA. Not even a nearly 17 per cent price spike in Toronto prices seemed to stop homebuyers from making offers.