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How will the foreign homebuyers two-year ban create new home buying opportunities for Canadians?

The Government of Canada ban on foreign home investors from buying property in Canada took effect on January 1st, 2023.


What you need to know.


The two-year ban, targeting prospective foreign home buyers will no longer be able to purchase real estate that includes condos, apartments, and single residential units – as well as higher taxes for investors who let their homes sit vacant.


The main focus of the ban is to restrict foreign home investors from purchasing real estate where there is no intention of living in them. Thus causing a shortage of available inventory and driving up real estate prices for Canadians. Toronto alone has approximately 5% of homes sitting vacant, Therefore, this could be significant for buyers waiting to get into the real estate market.


These measures could provide some temporary relief in a very tight market – particularly combined with measures presented by the Ontario government to dampen the market, like making blind bidding optional


With this...

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Why You Need an Experienced Realtor On Your Side

Ready to buy or sell a home in Oakville? While you may be tempted to try and tackle the process on your own, know that an experienced real estate agent can provide you with invaluable expertise and support. Below you’ll find five reasons why it’s essential to work with a professional real estate agent for any type of real estate transaction.


1.  A Good Realtor Will Educate You, Not Sell To You.


Obviously, a real estate agent wants to help clients buy and sell homes. However, a good agent is dedicated to much more than just selling. They will also help you understand the entire process so you know what to expect. A quality agent wants to make sure you make a smart and educated decision.


For example, if you want to list your home, an experienced Oakville realtor will help you navigate through the following areas:

  • Determining if your property is ready for the market.
  • Having professional home staging done.
  • Deciding on a fair price.
  • Providing you with...
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https://freehomestaging.ca/assets/uploads/blog/20200830100645_001_ID780547..jpgThe 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...

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