Jason Balewski - The Property Consultants

Jason Balewski - The Property Consultants

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RE/MAX Realty Specialists Inc., Brokerage *

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Jason Balewski Consultants's blog

The new Anti-Flipping Rule

2023 Has come with a slew of changes to Canada's real estate laws and tax implications.  The new Anti Flipping Rule applies if you make a profit on a property owning it less than 365 days.  This profit is deemed to be 100% income, not capital gains, and taxable at your marginal tax rate, which can be as high as 53.3% or if you have a active corporation 12.2%

Toronto Vacant Home Tax

Starting in 2023, residential properties unoccupied for more than six months in a calendar year may face the Vacant Home Tax. This new policy applies to homeowners in Toronto.

Non-Resident Foreign Buyers Ban Now in Effect

As of Sunday, January 1, 2023, the federal government has implemented a two-year ban for non-resident buyers.

What is the Prohibition on the Purchase of Residential Property by Non-Canadians Act?

Important Update for Condo Owners

How to save for a down payment

by Corben Grant on 09 Nov 2021 originally posted to https://www.canadianrealestatemagazine.ca/


New mortgage stress test rules take effect June 1 2021

How to save the 15% Foreign Buyers tax with exemptions or rebates in Ontario

In April 2017, the Government of Ontario introduced the Non-Resident Speculation Tax (NRST), which is applied to foreign and non-resident property buyers as a measure to control the real estate market in the Greater Toronto Area.

Last Month's Rent Interest versus "Top-up"


This is a great article written by fellow Landlord, Investor and Broker, Chris Seepe

Strategies for Financing Distressed Properties


What does the term "The Unbankable" mean?

Cash Back Mortgages are Back to help with Down Payments and Costs

Recently there are some new struggles trying to save up for a full down payment or to pay off extra debts in order to buy a property.  My mortgage broker Roberto Pelaccia works with potential home buyers to achieve ownership.  Here's some helpful information provided by him regarding our Cash Back / Down Payment Assitance option:

As you may have read by now, the Bank of Canada has officially shifted their rate outlook to remain low or unchanged until 2023. 

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