Friday, January 19, 2018 / by Sally Niu
Thursday, December 7, 2017 / by Claude Boiron
Wednesday, November 22, 2017 / by Claude Boiron
As previously mentioned, some buyers are in the market because they know it is the right thing to do (for example, my girlfriend bought an investment condo unit while she was still living at home with her parents), but there is another big motivating factor. Do you remember your first serious love – the one you could see really turning into a life together? That same love is redefining what is most important to it. A 2013 survey conducted by Coldwell Banker. ...
Tuesday, November 14, 2017 / by Claude Boiron
In the tax world, land cannot be depreciated – but just about everything else can be. For example, if you buy a property with a warehouse on it for $1,000,000, and the allocation of the $1,000,000 is: $600,000 to the land, and for $400,000 to the building, you’ll be able to depreciate 4% of the building every year (except for the first year, which is only 2%), on a declining balance. That means that the first year you’ll be able to deduct $8,000 from the property revenue (2% of $400,000), so you pay taxes on a lower amount of income. The second year, you’ll be able to deduct $15,680 from the property revenue (4% of the balance of the $400,000 – which is $392,000 ...
Monday, November 13, 2017 / by Sally Niu