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I recently attended a seminar on " Taxation of Residential Real Estate" put on by the Oakville Real Estate Board. The speaker was Maureen Tabuchi and was sponsered by Insuranceland and Colour Tech marketing One expense often overlooked is moving expenses. You can potentially garner a huge refund providing you move at least 40 kilometers to another location. Your moving expenses might be allowable if you are employed and your new home is closer to work, you are moving closer to your self employed business. You are a full time student and moving to attend school or closer to a summer job.
Many expenses that may be deductable are as follows, packing, breaking a lease, furniture storage, insurance costs, transportation costs, up to 15 days of meals, mortgage prepayment penalties, legal fees, and REAL ESTATE COMMISSIONS ( OF YOUR OLD HOME) mortgage interest, property taxes( up to $5000 ) utility reconnections.
Please if you are planning a move over 40 km , please contact your accountant to verify the above information, and to verify the latest tax information. So you can know what you can and cannot deduct.
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Traveling north up Guelph Line in
Burlington , you eventually come
to the beautiful historic village
of 'Lowville '.
It is aptly named as it sits in an emerald-green, lush valley where sparkling Bronte Creek flows prettily through.
I was in Lowville last week and it was the most pleasant short excursion experience I've had in awhile.
The road that leads to the stream and past the old stone schoolhouse is lined with tall lilacs which are presently in bloom. The beautiful scent carried throughout the village and brought to mind what all of our pioneer villages must have been like 150 years ago.
Lowville is having it's 'Largest Street Sale ' this Thursday, Friday and Saturday (May 28, 29 and 30th) from 8am-3pm.
This treasure-hunter's dream sale is being held at the Lowville United Church , 5800 Guelph Line, North Burlington.
All residents in the region are invited to participate by hosting their own yard sales and for those who live in other areas. the church will be renting space in their parking lot.
An outdoor barbecue will be held on all three days with regular barbecue fare being offered for sale.
I hope you'll attend. You just might find an antique treasure or something you've been wanting for a long time.
You can reserve a spot or find out more information by calling 905-681-0864 or by contacting Owen Calhoun / Marilyn Fox
©2009JoSmith
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Jo-Anne Smith, the author of this article, is a REALTOR® with Sutton Group - Quantum Realty Inc., Oakville, Ontario and welcomes your real estate inquiries. To contact her, visit www.Oakville-BurlingtonHomes.com |
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The numbers are in and it is definitly not all doom and gloom !! There were 1232 homes sold in April.This represents a 12.6% decrease from last April 2008. We have had two quarters of declines, however some pricing is returning to last years levels. The average freehold price was $ 302,306 which is a 0.3% increase. Condominiums are down 5% with an average price is $ 213,675.00 . The warm weather and excellent interest rates are adding excitement to the real estate market. This also demonstrates that Real Estate in Canada is and always will be an excellent long term investment. Some statistics have been provided by the Hamilton - Real estate Board.
If you are Listing your home it is still imperative ( as always ) to price your home properly. There is still lots of inventory that is not selling due to poor pricing decisions.
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[Pictures provided courtesy of the Aldershot Community Festival Committee]
The Aldershot Community Festival will be taking place on May 30, 2009 from 11:00 a.m. to 6:00 p.m. at Hidden Valley Park. As you can see from the photos above, last year's event was a huge success with over 2,000 people in attendance.
This year's festival promises to be just as much fun. The Field and Stream Rescue Team will be holding their annual Rubber Duck Race starting at 2 p.m. Get there early to purchase your duck. As well, there are a lot of children's activities, a scavenger hunt, a 3-legged race, a vendors area and a United Way BBQ.
And what would the day be without some great musical entertainment. Well, this year, Hot Buttered Soul will be performing with a mix of classic soul, funk and R&B, rock, reggae and blues. You really don't want to miss this! Also performing will be indie pop-style artist Annie Marleau. Her music has been influenced by Jann Arden, Sarah McLachlan and Sheryl Crow although her style is very much her own.
Definitely mark this day on your calendar and add it to your 'to do list'. For more information, click here.
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Dezigner Digz is a professional home staging and interior decorating company located in Burlington, Ontario. The Owner, Charlene Storozuk, is a member of the Real Estate Staging Association and currently serves on RESA's Executive Committee as Regional Vice-President, Canada. For more information about us, visit our website at www.dezignerdigz.com
Dezigner Digz, your Aldershot source for home staging and interior decorating services.
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I am amazed how strong the market is considering all the layoffs in the manufacturing sector. The manufacturing sector has been hit hard. Low interest rates and a diversified economy have helped to hold up our Real estate market along with our strong Canadian Banks.
The Hamilton-Burlington area real estate market showed a total of 1,044 unit sales in March, this is a decrease of 4.7 per cent from March 2008.
The average price of freehold residential properties sold in the month of March was $277,406.In the condominium market the average price of condominiums in March was $210,519.
March's total average residential sales price decreased 9.4 per cent over the same month in 2008. Sales have been steady and many buyers are taking advantage of very competitive interest rates. Spring has certainly brought some welcomed activity to the market. I am hoping for a strong market in April.
Carl
Statistics provided by the Hamilton- Burlington Real estate Board
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