Home Buyers Plan – RRSP Withdrawal Benefit for First Time Home Buyers

By: Elixir Real Estate

Home Buyers Plan – RRSP Withdrawal Benefit for First Time Home Buyers

Tags: Real Estate

In this write up we will try to get clarity around one excellent instrument for First Time Home Buyers given by Canada Revenue Agency. And this often gets ignored due to poor planning around first home purchase. If you are a first time home buyer government provides RRSP withdrawal plan (Home Buyers Plan – HBP), this withdrawal can be used to contribute towards your down payment for your hom...Read More

Mechanics of Renting Vs Buying

By: Elixir Real Estate

Mechanics of Renting Vs Buying

Tags: Real Estate

With this article we will try to be as objective as possible to answer the question by discussing all arguments on buying vs renting, and weigh the options for their merits. There is no straight answer to this, however, based on the below it would make easier for you to consider your personal situation and see what works best for you. Let’s dive straight in.. Good About ‘Renting&rsquo...Read More

Understanding Your Property Taxes

By: Elixir Real Estate

Understanding Your Property Taxes

Tags: Real Estate

  When dealing with Real Estate Residential the question which frequently comes across is How are Property Taxes are calculated for a home. In this article I will try to address that.   There are two prime factors which are involved in calculation of property tax, before we go into specifics of each one of these: Phased-In Current Value Assessment (CVA) Total Tax Rate [further br...Read More