5 Of The Most Important Changes in Canadian Real Estate
On today’s episode your hosts Daniel Foch and Nick Hill reflects on the housing plan, pulling some of the biggest opportunities from it and covering important topics, including the new proposed capital gain tax and strategies you can use.
In this episode- five important changes in the Canadian Real Estat from the housing plan are discussed:
That one - Accelerated capital cost allowance for apartments
Offering low-cost financing for homeowners to add additional suites
Further incentivizing density to existing homes
Modernizing housing data
Helping municipalities legalize housing and streamline approvals
Other Key Takeaways:
The significance of accelerated depreciation and its inclusion in Canada's housing plan, as well as a focus on the impact of capital gains tax changes.
A potential rush by corporate owners to sell properties before a capital gains tax increase can lead to possible discounts and a shift away from corporate structures in the long term.
VTBs emerge as a favored method due to the capital gains tax increase, allowing sellers to defer tax payments over several years and potentially motivating them to offer such financing after the tax policy change.
The introduction of the Canada Secondary Suite Loan Program aims to support homeowners in adding secondary suites to their properties, addressing the housing crisis and providing additional income sources for families and seniors.
Efforts to incentivize densification through mortgage insurance rule changes and targeted zoning reforms aim to encourage homeowners to add density to their properties, potentially unlocking opportunities for real estate investors.
The expansion of garden suites or detached accessory dwelling units (DADUs) has potential to become a significant theme in real estate as municipalities approve more of these projects.
Different investment options and strategies to turn bad investments into profitable ones, even if it requires additional capital.
Proposed policy changes and tax benefits aimed at incentivizing the construction of purpose-built rental housing, such as accelerated capital cost allowance and bonus depreciation.
Having data on housing is important to address the housing crisis, with proposed funding for modernizing and enhancing the collection and dissemination of housing data.
Listen on Apple Podcasts:
 | A guest post by
|