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July 2018

Found 4 blog entries for July 2018.

Taxes to Remember When Selling a Canada Vacation HomeCanadian homeowners need to be aware of the taxation rules and regulations that may apply upon when selling a second home. A Canadian resident may have to pay the IRS when owning a property in the US or be prepared for a capital gains tax for a vacation home in Canada. Get an idea of the tax obligations for Canadian residents and property owners looking to sell a vacation home.

Preparing in advance may reduce certain tax obligations. As Canadian and American tax law frequently changes, it is best to consult with a professional for the latest advice on selling and paying taxes on a vacation property. Learn more about the tax obligations when a Canadian homeowner chooses to move forward with selling a home.

Are You a Canadian Homeowner with

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What You Need to Know Before Choosing a MortgageInterest rates not only vary depending on the type of loan a home buyer chooses, but they also vary on the location and the lender. Before a buyer is even pre-qualified for a certain loan amount, it helps to understand how interest rates will affect the long-term financial repercussions of the mortgage. Home buyers have a few important factors to consider before settling on a mortgage and rate that works for them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

A Look at Interest Rates

A conventional loan is one that usually requests at least 20% of the home's total value as a down payment from the buyer along with a good credit history. The 20%

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Understanding How Home Foreclosure in Canada WorkHome foreclosures in Canada are a rather involved and somewhat complex process. It is through foreclosure action that lenders attempt to recoup arrears and principal balances on mortgages in default. Some of the most common causes of lenders initiating foreclosures include:

  • Failure to make timely mortgage payments.
  • Failing to pay homeowner taxes.
  • Not carrying required home insurance coverage.
  • Failure to pay HOA dues or fines.
  • Permitting excessive property damage without making repairs.

The home foreclosure process in Alberta is called a Judicial Sale, and here is what homeowners can expect to occur throughout the procedure.

For informational purposes only. Always consult with a financial advisor before proceeding with any

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Why Customer Service in Real Estate Is So ImportantThere is no such thing as perfection when it comes to customer service in real estate. Some agents may have mastered their skills more than others, but it's always going to be a never-ending quest to get right. Yet those agents that take the time to learn from their mistakes are usually the same ones who end up with a very long and fruitful career.

Committing to Your Craft

It's easy to be pleasant when there's only one fire to put out every few months. But in customer service, agents and those dealing with the public need to be ready to handle crisis after crisis without losing their cool. Those who find themselves starting to crumble after their first major issue may find it hard to handle the next one. Decisions like whether to buy a home

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