- Is owning an investment property in Adel, Iowa profitable?
- XONDO provides detailed information and guidance through every step of buying a new home. Whether you're thinking about buying a single family residence, townhouse/condo or high rise apartment building, these guides provide insight on things like real estate market fundamentals, neighborhood conditions, buying techniques, financing options and more. XONDO's comprehensive range of buyer and seller tools allow buyers to research properties online, see property details & photos, schedule appointments with agents and view recent sales activity, among other valuable services.
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Smithville Real Estate Market Overview
How long will housing be strong? Is this another boom period or a temporary blip? Find answers to critical questions regarding local housing trends in the Smithville area. We'll tell you everything you need to know in order to decide whether moving up North is a good idea or should probably stay put. And why not? Property values remain stable while interest rates continue to decline, making homes affordable despite rising population and employment growth.
If you've decided to move, there are many ways to find a house or condominium. If you want something specific, use XONDO's search tool to narrow down your selection criteria quickly and easily. Then read reviews, ask friends, family members and neighbours about the various neighborhoods they live in. If possible visit some houses or condos yourself prior to making your final decision. If not, check out pictures. A picture speaks 1 000 words because you can form opinions just by seeing them. Take note about the location; does the home feel safe enough that you'd feel comfortable walking around late at night?, Does the neighbourhood seem appealing? Check prices first but remember that a well researched bargain isn't always found in a cheap price tag.
We offer professional realtor reviews. These are written by verified professionals who work with real estate brokers, mortgage companies and title insurers to help people buy and sell properties. They write unbiased, insightful posts that include tips, pitfalls and tricks for potential buyers so you don't get caught by surprise when viewing houses listed for sale. Our team includes top rated Realtors from other industries including lawyers, doctors, dentists, accountants, architects, business owners and small business owners. Read realtor reviews by clicking here.
Houses For Sale By Owner
When trying to determine which neighbourhoods in Smithville to invest in, consider asking yourself if an investor would purchase the next available house after reviewing current listings. Asking yourself this question helps avoid falling prey to "hot" areas being priced artificially low due to demand from investors. Some examples could be: South Side with lots of restaurants, shopping centres, grocery stores and hospitals close by, West side, Downtown St Laurent...etc.
Fitness Centre Facilities
Is owning a gym membership worth paying extra fees for when living in a home without a fitness centre? Can a personal trainer teach me anything I couldn't learn myself? Consider having a personal trainer come to your home for private sessions once per week or...
- New Home Adel Buying 101
- When searching for your dream property, many homeowners overlook some of the details that truly matter while they shop around online. Here’s why it pays to be patient…
1. Be prepared with a game plan. Asking questions during the pre-listing phase to better understand the seller and get answers to your concerns will help expedite things along once you come across something special on your search.
2. Create a checklist with everything you should ask and include. A great tool to keep organized would be a spreadsheet like Excel where you can input each question and tick them off when you cross it off.
3. Stay calm and patient. If sellers know this is just another buyer trying to close quickly and avoid listing properly they often become frustrated which leads to mistakes being made. So remember, patience always wins…. especially this far out.
4. Don’t rush to buy without getting professional guidance first. Buyer brokers who specialize in real estate can advise whether selling privately through MLS listings or via multiple offers. Buying online with no representation could lead to problems down the road.
5. Start saving early. One way buyers stay ahead of competition is by starting savings accounts well ahead of time. Even though interest rates remain high this year, having a small buffer will pay dividends in 10 years when the next generation takes over.
6. Make yourself marketable to potential employers. Many professionals recommend putting together a resume, cover letter and LinkedIn profile a few months prior to starting your hunt. By doing so you ensure you have plenty of ammunition ready to send out when applying to jobs. Plus, having something tangible to show prospective bosses makes your job hunting process less stressful. They may then offer you an interview because they see you already possess the qualifications required to work for the company.
7. Make sure you check out local zoning regulations. Depending on where you live, certain areas are restricted due to building restrictions; meaning a house built today won’t be permitted to be used 100 years from now. Some municipalities allow multi-unit dwellings while other restrict single unit homes only. These rules vary greatly regionally but knowing them in advance helps you decide where to invest wisely.
8. Get an appraisal. While it’s tempting to jump straight to closing a deal, many Canadians purchase properties without obtaining a proper valuation — often times not even realizing the importance of making sure you actually own enough land to build on. An independent appraiser can confirm what your bank says when financing it but also provide peace of mind knowing you’re fully protected legally, regardless of fluctuations in housing prices.
9. Have a solid contingency. Just like you wouldn't leave home without emergency supplies, the same applies to investing. Having a reserve fund saved away protects against unforeseen events that could impact your financial bottom line. Consider opening an account where you can park funds until you find exactly what you're looking for; a perfect example is RRSP's offered by banks and mutual fund companies.
10. Avoid falling victim to 'too good to be true deals'. These types of properties may sound appealing since the owners aren't using them themselves and therefore don't care about upkeep. However, most people don't realize the cost...
- When buying a new home in Iowa follow these steps
- If you’re considering investing in a new property, then this post will help you understand why buying a newly built condominium can be a great deal. It’s a good way to own real estate without having to put down a large amount of cash upfront.
When it comes time to sell, you get paid back most of your initial purchase price. Plus, if you decide to rent out some portion of the unit you can generate income while still living elsewhere (which is always nice!).
Here’s what else you should consider about investing in a new condo building:
• There are many advantages to owning a newly constructed apartment instead of one built years ago. For starters, there won’t be any maintenance fees, which makes them ideal for people who aren’t handy enough to handle DIY projects around the house. Also, they tend to be newer models, meaning more amenities than older properties. And because these buildings are only just completed, they often include modern finishes like granite countertops, stainless steel appliances, upgraded flooring, and other upgrades you wouldn’t normally see unless you bought something pre-construction.
• Buying into a new community gives you access to a wealth of benefits: a private swimming pool, a clubroom to hang out with friends, and a fitness centre, among other extras.
• If a developer offers financing options, it can save you thousands of dollars in interest costs compared to conventional mortgages.
• When you invest in a new condo in Smithville, you won’t have to worry about rising prices. As a matter of fact, prices usually go down once a project goes up for sale.
• Buying into a new building can offer peace of mind knowing you won’t have to face a big renovation later.
These points are just scratching the surface; if you would like to learn more about buying a new apartment in Canada, we encourage you to read through our entire guide on this topic. It includes everything you need to know.
You can also download our brochure below to have more information about this type of investment.
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If you would prefer to buy a preowned condo rather than a newly built one, check it out here.
- How to find Your New Adel Home or Condo
- Ontario housing market conditions continue to be strong due to many factors, including rising demand and supply imbalances across different price ranges, according to the latest market update released by TorontoRE/Maxwell, Canada’s top real estate firm.
Toronto, ON: October 17th, 2018 --(PR.COM)-- As Ontario enters 2019, there continues to be positive signs pointing towards continued strength in both residential sales activity and prices. According to the recently released report titled “TORONTO REAL ESTATE MARKET UPDATE OCTOBER 2018”, there was 1% growth in sales volume during September compared to August and 3% growth in average sales prices. Sales volumes increased 2%, while sales prices rose 5%. These trends point to further gains in activity levels and values this fall season.
This increase in activity level and value is being driven primarily by buyers who remain confident about buying properties. Buyer confidence is high because they expect prices to keep climbing, which will lead them to purchase property sooner than originally anticipated. Sellers who are motivated to move quickly will sell faster than they did in recent years. And finally, sellers who are still looking to get rid of homes are finding it increasingly challenging to find motivated buyers.
Why Is Ontarians Buying So Many Homes Right Now?
In addition to positive buyer sentiment, several other factors are contributing to current buyer activity levels. For starters, affordability remains attractive. While interest rates are increasing, mortgage payments are decreasing thanks to record low interest rate environments and historically low borrowing costs. This combination makes homeownership affordable for more people than ever before. Additionally, the lack of housing inventory available is leading to higher transaction volumes. There simply aren't enough listings to satisfy the appetite for buying homes among potential purchasers.
Furthermore, the market conditions are conducive to selling: sellers are eager to sell, buyers have plenty of options, and homes are moving fast. All these dynamics combine to result in higher sale activity levels and lower listing times.
What Does this Mean for Prices Going Forward?
Based on current trends, there should be further increases in both sales volume and average prices going forward. We've seen similar patterns play out before; in 2016, 2017 and early 2018 and it looks like that trend could carry through to next spring.
While some markets may experience slower growth or decline, overall, we anticipate that prices will climb in 2019 and beyond, reaching record highs sometime during 2020 and potentially 2021.
Where Should I Invest My Money in Sainte-Adèle?
If you're considering investing in realty in Sainte-Adèle, consider purchasing either in the $300K-$400K range or above depending on whether you'd prefer a single family residence versus townhomes. If you're planning to invest in condos, focus on units priced below $350k. This segment offers better returns and less risk because prices tend to rise slowly over time.
How Can I Find Out More About This Report?
To learn more about this report and read the full article, please click HERE.
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- Why is Iowa's Real Estate Market Booming?
- If you’re buying a new house in Canada today, chances are good you won’t be paying anything near the average price buyers paid 10 years ago — but the market isn’t nearly as hot as it was during the housing boom in 2008.
For many Canadians who purchased homes during those years, the value they put down on their mortgages wasn’t enough to cover the cost of building a modern single family home today; for example, according to Toronto Real Estate Board numbers released earlier this spring, prices paid for existing properties climbed 12 per cent nationwide in 2016 versus five per cent inflation overall since 2006.
But some parts of Canada offer great opportunities for potential investors. One particularly promising area is Sainte-Adèle, located just 45 minutes east of Montreal along Highway 40 and 20 minutes north of Saint-Hyacinthe. Here, developers are busy constructing high-tech buildings and luxury condos, offering residents an exciting lifestyle without having to leave town.
What makes these developments so attractive to potential buyers? For starters, property taxes are comparatively inexpensive. And unlike other major cities across North America, including Vancouver, Calgary and Winnipeg, no special levies apply to home owners in Sainte- Adélé in order to fund municipal projects like road repairs or fire department upgrades or expansions, which could potentially raise costs for homeowners.
Another reason people love living in Sainte- Adélé so much is because of its location. “People say I live in paradise, really,” says Michel Boudreau, vice president of development for Cimbo Developments Inc. He notes the company recently sold several units at one of its newest condominium towers called La Promenade de la Baie du Beauport to investors who had previously built retirement residences elsewhere around Montréal and wanted a different type of community life closer to home and work.
And finally, residents get plenty of entertainment options close-by. In fact, the city boasts six movie theatres, four malls, dozens of restaurants and bars, a large grocery store selling everything from organic vegetables to beer brewed by local craft brewers, plus an expansive sports complex featuring hockey arena, tennis courts, soccer fields and swimming pools.
All told, it seems Sainte- Adélé offers something for everybody. But while this small Canadian suburb still attracts newcomers, most buyers aren’t coming solely to buy property. According to figures provided by real estate website Zoocasa, only 15 percent of Sainte-Adèle condos went unsold last fall, suggesting developers aren’t struggling to find qualified tenants.
In addition to a few well-known builders — among them Lavalor Group, Groupe HLM et Résidences Dessau-Lichtenberg Inc. and Cimbo Development — a lot of smaller firms operate in the region, often focusing on specific niches. For instance, Le Village des Amants has completed several upscale apartment rental complexes, each designed differently yet sharing similar aesthetic sensibilities and amenities. Meanwhile, Côtes d'Azur Estates owns several properties scattered across the province, mostly in and around Québec City. All together...
- New Construction Investment Opportunities in Adel Iowa
- When thinking about making a purchase in Canada, many people focus primarily on Toronto real estate market. However, this area accounts for only 30% of the total Canadian housing market and even less than 2% of the country’s population. For those who like to live near city centres but value privacy equally or perhaps prefer rural areas close to nature, Sainte-Adèle offers some excellent alternatives.
In addition, Montreal real estate prices have surpassed both Vancouver and Toronto market values since 2010, according to statistics released by BMO Financial Group and CREB Inc.. Since then, they are projected to continue increasing steadily until 2032. The average price per square foot is currently $1,000/sq ft. (Source).
Sainte-Adèle provides residents with plenty of opportunities to experience beautiful surroundings while living comfortably close to amenities, shopping services, schools, restaurants and healthcare facilities. Some examples include Mont Tremblant, Grosse Pointe Woods Golf Club, Parc du Lac de Châtelorrain, Pigeon River Forest Park, Laval University, Notre Dame des Anges Hospital Centre, and St Joseph hospital centre which offer great options to find affordable homes, ranging anywhere in size from 700 sqft to 3,600 SQFT depending on location! If you would like to be involved with local community events such as festivals, parades, sporting events, school graduations, concerts or other happenings check these links for updates on upcoming events (www.facebook.com/events/ ).
If you decide to buy a single detached house, expect to pay around 1 million dollars ($904k CAD), assuming its located in the central part of downtown Sainte-Adèle, away from busy streets and highways. A duplex would cost approximately $500K-$700K (CAD). Condos range between 400k to 600k CAD (~$350K-$560K USD). Duplex apartments vary in price, most are under 500K (USD ~380K Cdn), however, condos tend to sell above 900 thousand CAD (~740 KUSD) due to higher quality finishes available in newer units. Apartments are smaller sized than single detached houses therefore, typically selling for half the amount. There should be no problem finding a property with a wide selection of floorplans, styles and sizes. Many builders will take custom requests and allow buyers to customize designs accordingly.
[IMAGE: Single Family House Price Range In 2020]
Population (2020 estimate): 995
Estimated Population Growth Rate(2018-2020): 0.7 %
Median Age: 43 years old
Average Household Income/Per Capita ($60K US Dollars): 7098 / $6250 CDN
Real Estate Values (% Change Year Over Year): +27 %
Housing Availability Index: 3 out of 4
Homes Sold Per Day: 14
Avg. Days On Market: 21...
- Examining Real Estate Market History in Iowa
- If you live in Smithville, ON and planning to buy a new home, this article shows you step by step how to get approved by mortgage lenders. I will show you some useful tips to help you through the approval process smoothly and quickly.
I was able to achieve my dream house purchase with no problem thanks to these techniques. If they work well for me, perhaps they could be worth trying yourself too! 😉 And let us note that buying a real estate property is usually considered a good use of funds; therefore, getting financing should not be ignored if your financial situation does permit buying a new home/condo.
In fact, many people who own properties have trouble obtaining a mortgage because banks believe them to be better candidates than those without houses. Therefore, having a house helps a lot in terms of credit score but it's always not enough to qualify for a loan. Banks tend to overlook someone's ability to manage their finances. For example, they assume that a person who owns his own car is less dependent on borrowing. A car payment is easier to pay back then a monthly rent which goes toward another's debt, especially if he lives alone. On top of that, owning a house gives stability, something that bank loans cannot offer.
So, here are some things to remember before applying for a loan:
1. Keep track of everything related to your personal finances and expenses. Do you spend more cash on housing than other types of expenditure like food or entertainment, or would you be willing to sell your current place of residence to finance a downpayment? Be honest about it, banks take into account the level of risk in lending to you.
2. Understand that the size of a house does impact whether or not you'll receive a loan. Buying a bigger house requires higher deposit amounts, while small ones only need smaller deposits. So make sure your income can support the payments and insurance premiums associated with a larger amount. Also consider the value of the land and building that increases the total price tag of your home.
3. Have a solid job history. Having a stable source of employment, such as permanent full-time position, will certainly influence lenders' decisions regarding approving you for a mortgage. Make sure you keep it clean and updated. Don't forget that most applicants are required to provide proof that your employer is giving you a steady salary every 2 weeks. Lenders also check your references to see if anyone else had trouble paying their debts. However, the most common reason why people fail loans is poor credit scores. Banks prefer to lend money to folks whose records indicate responsible management, i.e. those with excellent repayment record, high credit limit ratio and long term relationship with the lender.
4 Avoid taking high interest rate mortgages. High rates come along with expensive fixed costs, monthly instalments and lengthy amortisation periods. They're great if a person can afford big payments upfront but risky if borrowers expect an uncertain return. Also, try not to borrow more than 80 percent of the sale prices of both the dwelling and non-dwelling assets. Banks will not approve of high percentages in case the borrower must liquidate assets soon after receiving the loan.
5 Don't get trapped by "...
- Getting approved for your New Home Purchase in Adel, Iowa
- In this report I will discuss my experience selling my first apartment, located near downtown Ottawa city centre.
This was my first real estate sale after investing several years living in Canada (and having purchased real estate previously). My experience was quite good overall, but the market did present some unique challenges which could easily be avoided or mitigated through preparation beforehand.
First, finding tenants proved more challenging than anticipated due to the location of the building in relation to the transit station. As soon as I signed lease documents with prospective tenants, they informed me that the bus stop across town would become closed down (I had no idea!), making my potential unit less desirable to them since it required longer travel times, and thus higher commute costs. This made it harder then initially anticipated to find suitable residents. While many people prefer to live outside of busy areas like shopping malls, city centres and universities, most still value convenient amenities. Unfortunately, the apartments available around downtown Ottawa lacked these types of facilities.
Another concern I encountered early on while working as a rental agent was the high turnover rate among existing renters who lived nearby. Many tenants moved away because of dissatisfaction with the neighbourhood as well as other factors including job relocation. Since most units remained vacant in the area during non-holiday periods, vacancy rates skyrocketed. At peak months, I saw a 20%+ vacancy rate amongst the buildings closest to mine.
Another challenge involved getting pre-approved offers before going house hunting to avoid wasting any unnecessary effort. After spending countless hours browsing listings online, I realised that I wasn't seeing enough properties available for purchase, especially ones listed above $400K. I knew that buying something over $450k meant paying taxes on top of mortgage payments, which would eat right into any profit margins.
Fortunately, the market seemed to correct itself once I began actively seeking properties to buy. By listing every building I visited in my search, I received multiple inquiries from buyers interested in my specific type of property without ever advertising myself. Some people just naturally seek to sell their homes, regardless of price point! However, I also found some great deals along the way, particularly those priced below $300K!
Finally, another advantage to purchasing in the suburbs is that you get better bang for your buck in terms of square footage per dollar spent. When buying a home in the heart of a bustling urban core, you pay more for the convenience as well as the lack of space in general. Buying in the suburbs instead offers much nicer neighbourhoods with plenty of green spaces and parks as opposed to concrete jungle living. If your primary motivation behind moving is the proximity to work, don't forget to consider whether you actually need to be within walking distance.
So far, the only drawback I've noticed with buying a newly constructed property is the initial cost associated with buying into a community versus renting. A large portion of my income goes towards monthly maintenance fees and building upkeep. Fortunately, these expenses seem to taper off significantly by 2 years post-construction completion. In addition to saving cash, buying a unit outright makes things easier financially in the long run. For example, when I bought my place in 2017, I paid $100/mth in rent. After 1 full year, my total...
- What makes Xondo Iowa's Most Convenient New Condo/Home Buying Platform?
- If you're buying a newly built house in Canada, then chances are you've seen this ad before: "Looking to buy a new house?" But if you haven't yet found yourself staring down at these words, you probably will soon enough. And by next summer, that's when Canadians will be bombarded by ads like it. Because come 2023, Canadian governments will be requiring builders to sell homes to first-time buyers, rather than just to people who already live in them. And they'll only accept houses with five years' worth of warranty coverage. So unless you plan to move away after a few months, you'll have to find a way to get in early — and fast."
So where should you begin your search? Well, it really depends on what sort of buyer you are. If you're someone who wants a place to raise your family, a place to call home, then you want to focus on neighbourhoods like Sainte Adele that offer lots of amenities. Or perhaps you'd love something more rustic, but still close enough in proximity to work. Either way, you'll want to check out some of these areas: Saint Eustache, Notre-Dame des Paysages, Les Plaines de la Cathédrale, La Ville d'Orléans, or Montcalm. These places tend to offer great value at an affordable price, and they're all located near the city centre. They also feature lots of green spaces, parks and recreational facilities. And they're all within walking distance to shops, schools, restaurants and transit services. Plus, they all sit along beautiful lakes or rivers. So whether you're interested in a big backyard, a little patio space or both, you won't have trouble finding exactly what you're looking for.
But if you prefer your housing choices to be a bit bigger, and you want to spend less time commuting every day, you should consider neighbourhoods like Sainte Adèle that are farther outside the core. Places like Cote St Luc, Pointe Claire, Laval West, Longueuil Centre, or Chateauguay can help you save money while getting closer to the action. They also tend to offer better resale values.
Of course, there will no doubt be many other factors involved too, including things like commute times, property taxes, school district ratings and crime rates. But for most people, those aren't nearly as relevant as location, size and price. After all, it's the location that matters the most. And if you want to live somewhere that feels safe, offers good transportation options and boasts plenty of shopping opportunities nearby, then Sainte Adèle could definitely be a perfect fit for you.
And speaking of which...
Sainte Adèle's population growth rate isn't quite as robust as that of Montreal and Toronto. But it's still going strong, thanks largely due to newcomers moving in, and because it sits within the Greater Montreal metropolitan area. As of 2016, the municipality had around 30,000 residents living there; that figure is forecasted to rise slightly to 32,500 by 2020 (a 2% increase).
In terms of jobs...
- How Xondo makes Home Buying & New Construction Investing in Adel Easy?
- When deciding whether to purchase a pre-existing property like a house or condominium, consider this question first; “Is buying that building worth buying?”
Many Canadians will buy real estate because they believe homes can be sold at higher returns than other investments. But, is that true today? Can you really invest in residential real estate and get better returns than stocks and bonds?
If you’d rather avoid investing in commercial properties, you should check out these questions first.
Does commercial rent increase significantly faster than inflation?
Can rental rates keep increasing while the cost of housing increases? Do rents ever decrease during tough economic times?
Are tenants happy living where they live? Or is it just something people say until things become unbearable — then they move?
These are some of many questions you must answer before making the decision. Only you can decide which answers apply most for yourself.
But, if you find yourself asking the above questions, you’re already thinking about becoming an entrepreneur, aren't you?
If you're considering owning real estate instead of renting, I suggest starting a business to generate income and save for a down payment. Then, you'll be able to afford to own the place outright without needing to pay high interest rates through mortgages.
So if you want to see your money work harder and smarter, why wait? Start earning passive cashflow today. Visit https://www.xondobroker.ca/home-investment/.
And remember, XONDO is Canada's leading provider of brokerages online. We offer top brokerage services including brokerage accounts, mortgage loans, credit cards and personal financing solutions. For more information, visit us at http://www.xondonofinance.canadagovernmentloansonline.ca/
- How To Make Money On a New Home or Condo Purchases in Adel, Iowa
- If you live in Sainte-Adèle, Quebec or nearby areas, investing could be in your long term financial planning. Here's why buying real estate makes sense:
Real Estate Investing Gives Your Portfolio Stability
When you buy property for cash, you're making a significant purchase without a lot of debt attached. As opposed to a mortgage, which ties up capital until monthly payments are received, you own something outright — no matter what happens.
And while some investors sell real estate before they get around to collecting rent checks; others keep properties vacant or lease them for rental income. Either way, you're getting exposure to both short-term and long-range value. This gives your portfolio balance. Plus, properties you hold yourself will appreciate faster than those held through other vehicles like stocks and mutual funds.
Inflation Protection & Tax Benefits
Buying a piece of realtor can save you money because inflation eats away at savings. By diversifying your investments, you'll protect your money against rising costs. And since Canadian governments offer tax benefits for property purchases, you can enjoy these perks along with other potential discounts.
Property appreciation boosts your returns
By holding onto property for longer periods, owners can take advantage of gains in price due to factors including population growth, economic development, urban renewal, increased land values and changes in demographics. For example, many Canadian cities saw increases in house prices between 2000 and 2009. While this was true across Canada, Toronto homes rose 35 per cent in just five years. If you invest in property early enough and stay put, you won't miss out on these opportunities and you stand to benefit greatly.
Many Canadians who invest property get extra benefits from federal or provincial authorities that reduce taxes owed. These include things like tax credits, deductions and exemptions. There are three primary ways you qualify:
1) Capital Cost Allowance (CCA)
This allows eligible taxpayers who pay CCA to subtract up to $2 million ($1.5 million for first-time buyers). When calculating your gain after expenses, you must divide the total cost of building up to the maximum amount by the total assessed value.
For instance, consider a single family home built up to $500K worth (the average price for homes sold in 2017), and valued at $750K today. Under current rules, you'd only receive 50% of the full CCF deduction for the first $200k invested plus half again for each subsequent $100k spent. After factoring in $10k in legal fees, CCA saves $50k in federal taxes.
But note that CCA applies only to residential buildings, not commercial ones like apartment complexes. Also, CCA is capped at $2M on a single residence — meaning, if your purchase includes multiple units worth less than that limit, you would still owe taxes.
2) Income Taxes
Eligible taxpayers can deduct up to 20 per cent of taxable non-profit income earned from renting or selling property. Nonprofits include charities, educational institutions, religious groups, political parties and certain types of organizations run for profit but operated for purposes deemed charitable.
3) Mortgage Interest Deduction (MiDs)...