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Frequently Asked

  • Who pays for a retirement home?

    The resident (or family) pays for the accommodation and services provided within a retirement home. Infrequently, a subsidized bed may be available through your municipal government for those who need care. Should home care services be required, publicly funded services may be available through the local Community Care Access Centre.
  • Will I owe taxes when I sell my house?

    Taxpayer Relief Act of 1997, many home sellers no longer owe taxes on the gain they make when they sell their houses. Married taxpayers who file jointly now get to keep, tax-free, up to $500,000 in gain on the sale of their home, as long as they lived in it for two of the prior five years. Single folks and married taxpayers who file separately get
  • Does home insurance apply to you if you rent?

    As the owner, your landlord will be responsible for the maintenance of the building, so its down to them to ensure their property is protected with buildings insurance. But youre responsible for any contents inside that you own. If anything were to happen to your possessions, you would liable yourself for the cost of replacing them.
  • What do you do as a property manager?

    A property manager is a third party who is hired to handle the daily operations of a real estate investment. They can manage all types of properties, from single family homes to large apartment complexes.
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