Kelowna Real Estate Market News

I was reading this article today on the Canadian REW Site and thought it was too important not to share.


Please note that I am not a Tax Accountant, and I strongly urge you to get advice from your own Tax Accountant, on this issue!


My thanks to the Author, Kara Kuryllowicz, for bringing it to our attention.


Vancouver empty nesters Steve and Barbara’s beloved 3,500 square foot heritage home with spectacular ocean views is now leased four to six months a year while they assess life in a 700 sq. ft. luxury downtown condo.

In Toronto, Jody rents her Cabbagetown house to neighbours tackling extensive renovations as well as professionals working short-term contracts. The two- to six-month rentals cover her mortgage and operating costs, such as insurance, property tax and utilities and she enjoys summers at the cottage.

Like so many homeowners that rent through AirBnB and comparable websites, Steve, Barbara and Jody consider them their principal residences because they live there...

Read full post
Categories:   Advice for Buyers | Advice for Sellers | BC | BC Commercial Real Estate | BC Housing Forecast | BC Real Estate | BC Real Estate Forecast | BC Real Estate Market | BC Real Estate News | BC Real Estate Regulations | BCREA | Buyer Survey Results | Buyers | Buyers Survey Results | Buyers Survey Resuts | Buying Advice | Canadian Real Estate | CMHC | Co-Signing | Consumer Protection | Court Ordered Sales | Deprecation Reports | Dual Agency | Home Size | Investors | Kelowna | Kelowna Court Ordered Sales | Kelowna Economy | Kelowna Luxury Real Estate | Kelowna Real Estate | Kelowna Real Estate Foreacst | Kelowna Real Estate Forecast | Kelowna Real Estate Market | Kelowna Real Estate Market 2018 | Kelowna Real Estate Market Newsletter | Kelowna Real Estate News | Kelowna Real Estate Newsletter | Kelowna Real Estate Update | Kelowna Rental Market | KelownaReal Estate Market | Landlord and Tenant Act | Landlords | Lending | Luxury Real Estate | Mortgage | Mortgage Rate Forecasts | Mortgages | Open House | Property Transfer Tax | Quail Ridge Real Estate | Quail Ridge Real Estate Market Report | Real Estate Advice | Real Estate Information | Real Estate Market Report | Renting out a Property | Renting Properties in BC | Retirement | Sellers | Sellers tips | Selling Real Estate | Selling Tenanted Properties in BC | Selling Your Home | Short Term Rental Buildings | SKi Resorts | Social Media | Speculation Tax | Speculation Tax Update | Strata Property | UBCO Condos | UBCO Real Estate
Blogs
Posts By Date
Categories
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.