By: Shawn Lepp

Make Your Basement A Noise-Free Income Property

Tags: Buying a home in Durham Region, Selling a home in Durham Region, Home Improvements

(NC) Creating a basement apartment in your home is a great investment whether you’re planning to rent it or use it as an in-law suite. These suites increase a home’s value and the income can help pay off your mortgage. Secondary suites are also a great way to get started in the real estate investment business, mainly because you don’t have to purchase a second property in order t...Read More

By: Shawn Lepp

Residential Tenancies Act Changes to Rent Control

Tags: Buying a home in Durham Region, Investment Properties in Durham Region

The recent changes to the Residential Tenancies Act are being seen in today’s market. In November 2018, the Ford Government made changes to the Residential Tenancies Act that exempts rental units in new buildings as well as some new self-contained rental units added to existing homes (ie basement apartments) from the rules that limit rent increases to the guideline amount.   As a result...Read More

By: Shawn Lepp

Avoid Home Renovation Pitfalls

Tags: Selling a home in Durham Region

(NC) Before you start buying building supplies and ripping out walls or old flooring tiles, Health Canada recommends you ask yourself these important health and safety questions: Is there asbestos in my home? If your house was built before 1990, hire a professional to test for asbestos before starting any renovations. If asbestos is found, hire a qualified removal specialist to get rid of it...Read More

By: Shawn Lepp

Planning tips for your summer reno

Tags: Buying a home in Durham Region, Selling a home in Durham Region, Home Improvements

(NC) Could your home use a facelift? Summer is the perfect time of year to make some changes to your living space. After all, you want the place where you and your family spend most of your time to be a warm, welcoming and healthy environment. Whether you’re planning a major makeover for your bathroom or a simple DIY project for your bedroom, here are some key tips to help you plan your nex...Read More

By: Shawn Lepp

Rich in bricks but strapped for cash?

Tags: Buying a home in Durham Region

How to own a home without being house poor   (NC) The term “house poor” is likely one we’re familiar with as Canadians. Given the  ever-changing housing market, it’s something you may even have identified with. But what does it really mean? And how can we avoid it? “House poor” is a situation that describes a person who “over-extends” ...Read More

By: Shawn Lepp

Property flipping? Know how it can affect your tax return

Tags: Buying a home in Durham Region, Selling a home in Durham Region, Flipping Homes, Taxes

(NC) Buying and selling property as a way to make a profit can be a smart move as long as you do your research and know how to report it at tax time. When you buy property with the main intention of selling for a profit, you are engaged in the business of property flipping. This often means you buy a property, take possession, and do some renovations. After the property is improved, you sell it a...Read More

By: Shawn Lepp

Sold a home? Know your tax obligations

Tags: Buying A home in Durham Region, Selling a home in Durham Region

(NC) If you’ve recently sold a home, there are some things you need to know at this time of year. When you sell your own home (or principal residence) you usually don’t have to pay tax on any profit from the sale. But what you might not know is that even if you are entitled to the principal residence exemption, you need to report the sale on your income tax and benefit return. This be...Read More

By: Shawn Lepp

Worried about rising interest rates affecting your mortgage?

Tags: Buying A home in Durham Region, Selling a home in Durham Region

  (NC) With the Bank of Canada recently raising its key interest rate once again, many of are concerned about the impact on our household debt and mortgages. Fortunately, there are many tips and tricks for saving and budgeting you can use for other areas in your life. Try the three-category budget. It can be overwhelming trying to track all your expenses, but it is advisable to hav...Read More

By: Shawn Lepp

Three Tips To Master Indoor Renovations This Winter

Tags: buying a home in Durham Region, Selling a Home in Durham Region, Renovating Your Home

(NC) While many of us hesitate to begin a home makeover during the colder months, this can actually be a great time of year to tackle a project. All you need is some research and planning.  For starters, you’re much more likely to find a contactor who’s available for hire in the winter, since many people choose to do home pro...Read More

By: Shawn Lepp

Top Strategies To Keep Home Ownership Alive

Tags: buying a home in Durham Region, Selling a home in Durham Region

(NC) Every generation has had their share of struggles, but when it comes to home ownership, there’s no contest — millennials have it harder than the previous generation. A new report by Ryerson University’s Centre for Urban Research and Land Development, sponsored by the Ontario Real Estate Association (OREA), found that the demand for home ownership will grow as millennials en...Read More