Canada – ThinkTak Investments

April 17, 2018April 17, 2018

Can you avoid paying capital gains tax after selling your principal residence even if you have rented it out? Yes, you can! Here’s how…

Capital gains tax is usually a scary enough term by itself! The mere notion that half of your profit is taxed seems discouraging (it shouldn’t be). But one highly misunderstood advantage that Canadian residents have when it comes to their principal residence is what CRA refers to as the “election of subsection 45(2)” protects you from capital gain after you sell your property even if you have rented it for a few years. Lets’ dig into this more: Continue reading “Can you avoid paying capital gains tax after selling your principal residence even if you have rented it out? Yes, you can! Here’s how…”

February 15, 2018

RRSP vs. TFSA … which one should I use? A plain and simple guidline…

It’s again that time of the year! RRSP Season (I think that’s what they call it). As someone unfamiliar with these terminologies (like an immigrant or someone who hasn’t had much savings anyway until recently), you might have been wondering what these actually mean? What are their differences and what one achieves with perhaps the highest anticipated savings accounts in Canada? Continue reading “RRSP vs. TFSA … which one should I use? A plain and simple guidline…”

December 7, 2017

Why I think Toronto’s condo market might be heading towards a correction – a piece from OREA’s textbook

I will be keeping this post very short. I was reading an OREA textbook and they gave examples of market corrections in the real estate sector (it certainly looks like they are not agreeing with the property market having a cycle though). One example that they gave for “Real Estate Market Correction” sounded awfully familiar to me (I don’t think Continue reading “Why I think Toronto’s condo market might be heading towards a correction – a piece from OREA’s textbook”

December 5, 2017December 5, 2017

Toronto housing prices down y/y, a first since 2009

Toronto saw a 37% increase in its inventory from last year, and TREB’s benchmark home price index has fallen 8.8% since May 2017 making it the largest six-month decline in its history that goes back to as early as 2000. So how much further will this “correction” go?

Trump Tower Toronto – How every single investor (but Donald Trump) lost money in this investment in a booming housing market in Toronto

Donald Trump refers to himself as “a genius” when it comes to his initial decision to launch Toronto’s Trump Tower back in 2002. At the time, it was supposed to become Toronto’s tallest residential tower. But a lot happened between 2002 and 2016, the 14 years that took the team(s) that were involved in this project to complete the tower which was at last taken over by JCF Capital which eventually sold the hotel to InnVest which is a major Canadian hotel operator. The condos are back on the market under the St. Regis brand which itself is a division of the Marriott International.

I would encourage everyone to read this awesome article by the Toronto Star and Columbia Journalism Investigations.