Real Estate Blog

Canadian Tax Concerns When Selling a Vacation HomeThey say the two happiest days spent in a vacation home are the day it's purchased and the day it's sold. While deciding that it's time to sell a vacation home can be a relief in many ways, there are also a few factors that need attention for a smooth sale with no surprises. Top among these are the tax considerations of the sale. Knowing what to expect in advance when selling a home can help avoid unexpected tax issues later on.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

Is It a Primary or Secondary Residence?

In Canada, a family can typically only consider one residence their primary residence. In most cases, this will be the place where the owners spend at

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Important Mortgage Facts to Know When Buying a Vacation HomeThe idea of having a separate home to go to when taking a vacation can be really exciting. But for anyone who plans to do this and who plans to buy that home with a mortgage loan, there is important information they need to have. Mortgages for vacation homes are not going to be quite the same as loans for first homes, so asking all the right questions before signing on the dotted line can help prevent significant misunderstandings. Here are the main things any vacation home buyer should know when they start looking for a second home and a mortgage to go with it.

In most cases, the mortgage rates for vacation homes are higher than they are for homes that are occupied as primary dwellings. There are several reasons for that, with one of those

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Foundation Damage Information For HomeownersFoundation damage can cause serious problems with a home if it's not identified and repaired in its early stages. It's important for homeowners to be able to determine when a home has foundation damage. Knowing the signs, what to do and how to get the home repaired can help.

Warning Signs of Foundation Damage

Foundation damage is frequently subtle, and sometimes the warning signs can be difficult to detect. Often it takes a homeowner with a good eye or intuition to determine that their home's foundation has a problem. Some of the most common warning signs of foundation trouble include:

Cracks in the Foundation

Foundations can develop cracks, even if the foundation is in good condition. However, cracks that are wider than 1/2 of a

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5 Ways to Downsize Without CompromiseHomeowners may have any number of reasons to downsize to a smaller home. Whether it's to save money or because the household has shrunk in size, purchasing a new, smaller home can be a wonderful decision for home buyers. This checklist can help future homeowners think about what they will need in a new home, and how they can meet their home-buying needs.

List Reasons for Downsizing

Everyone has a different reason they want to downsize their living arrangements, and all are valid choices. When buyers are honest with themselves about the reasons they want to buy a smaller home, they can make selecting the right property that much easier. People may be looking for:

  • Less space to clean or maintain
  • Exterior property maintenance services
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Selling Papers Are a Necessary Part of a Home SaleSelling a home requires concentration, attention to detail, and assembling a lot of necessary documentation. It can be daunting, but knowing what is needed, and when, makes the task easier. Listing a home is, in many ways, just the beginning of the process, and whether a seller works with a professional real estate agent or takes on the task personally, it helps to organize the legal papers early in the home selling process.

It should be simple to gather the necessary paperwork in a binder or folder, and make arrangements to either convey copies or the originals (as needed) to the real estate agent and/or legal representative prior to or soon after listing the property. Some of the documents are required for legal purposes; other information is of

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Which Popular Flooring Option Is Best For Your Home?When remodeling a home, there are many different options available on the market for replacing a floor. No matter what a homeowner wants, whether it’s an environmentally-friendly alternative or something that fits a tight budget, there’s an option for every need. For Waterways homeowners who are preparing to sell their home, fixing up a fixer-upper, or anything in between, here are some of the different flooring options available on the market today.

Advantages of Hardwood Floors

Hardwood is often considered to have a timeless look that will never go out of style. It’s easy to clean, durable enough to endure kids and pets, and can last 25 years or longer. While it’s true that hardwood floors typically have a higher price than other flooring

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The Truth About the Return Rates of Residential Solar PanelsSustainable construction has never been more relevant than it is today, as conscientious homeowners struggle to make responsible choices without breaking their budget. Solar panels are undoubtedly one of the best examples of renewable energy, but many homeowners still wonder if they're worth the initial price of installation. Learn more about the environmental and financial benefits of solar panels in residential real estate.

Start-Up Costs of Solar Panel Installation

The price tag of a full set of solar panels can run a homeowner an average of between $15,000–$30,000 depending on the province in which a home is located. Bear in mind this is only an average though, with full costs depending on the size of the home and the vendor a person

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Move with Less Stress with Our Moving TimelineWhen buying a new home, Canadian homeowners have to carefully plan their move to reduce the potential of headaches. This is not the time for procrastination as much needs to be done well before the moving date. Understand more about the moving process with this useful timeline today.

Start Eight Weeks Before the Moving Date

When scheduled to move, it is best to start the moving process as early as possible, having movers offer binding estimates when at the house. Get more than one quote to get a good overview of the rates offered in the area. In addition, make sure to:

  • Understand how much it will cost if movers also pack up a home
  • Get a written confirmation of the booking and the move date
  • Collect move related documentation in a
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5 Ways To Identify Roof DamageRoofs are built to withstand damage from intense weather, but even the toughest of materials will eventually succumb to the elements. Homeowners should always be on the lookout for damage to their roof as it protects both them and everything in their home from wind, rain, snow, and more. But what should homeowners be looking for? Here are five warning signs homeowners can keep their eyes open for to identify if their roof needs repair or replacement.

1. Light Is Visible In the Attic

Without even setting foot outside, homeowners are able to tell if something is wrong with their roof. When doing routine inspections in the attic, take note of now much sunlight is inside it. If the homeowner can see light streaming inside, this is a sign that wind

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4 Landscaping Mistakes You Might Be MakingWhen thinking about a first impression, most people think about friendly smiles and a firm handshake, but they don’t realize that first impressions aren’t just for people. Every home will need to make a good first impression with every potential buyer who comes to see it, and that first impression is made through landscaping and curb appeal.  While landscaping might seem fairly straightforward to some, it’s easy to make mistakes even with the best intentions. Here are four landscaping mistakes every homeowner should avoid and how to do so.

1. Gardens are Dead or Overgrown

Most people love flowers, and gardens are a welcome sight in any yard. However, homeowners need to make sure they’re keeping up with the work that goes into keeping a garden

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