Land is still expensive in Toronto. And i don’t see that coming down anytime soon. Still the key is interest rates. Finding home for 1.1 m like you said will be tough. But the GST is a start.
Where can we look for help filling up the rebate form? (We bought a home last year and finally found a renter). How do we determine the fair market value? (home is worth more than 450$K).
We filed a few rebates, and some asked for an appraisal and others asked for a realtor’s letter of opinion - so it depends on the agent that gets assigned to you. There’s a guide on the CRA website, but if you have any specific questions, the best bet is to call CRA directly www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4231/gst-hst-new-residential-rental-property-rebate.html
Does this convince you to build more new rental housing?
multiplexes is like very small percentage. mostly is big builders that build condos
Land is still expensive in Toronto. And i don’t see that coming down anytime soon.
Still the key is interest rates.
Finding home for 1.1 m like you said will be tough.
But the GST is a start.
i still do not get it how it is better for buiders to build rental vs condo even with gst
They’re targeting small scale / mom&pop builders
Where can we look for help filling up the rebate form? (We bought a home last year and finally found a renter). How do we determine the fair market value? (home is worth more than 450$K).
We filed a few rebates, and some asked for an appraisal and others asked for a realtor’s letter of opinion - so it depends on the agent that gets assigned to you. There’s a guide on the CRA website, but if you have any specific questions, the best bet is to call CRA directly www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4231/gst-hst-new-residential-rental-property-rebate.html
2:13 Conservatives and upcoming elections made them realize