Your Investment Journey
Investor’s FAQ
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Where to start! Edmonton has become known as one of the most affordable major cities in Canada in terms of real estate while even ranking on global lists as well.
Home prices trend upwards but not as rapidly as other cities in Canada. With that being said Edmontons housing market is truly one of the most stable when looking back at historical stats.
Growth of population, industry, and infrastructure are all top priority for the decision makers in Edmonton. As these categories grow the real estate market will follow.
There are many other reasons Edmonton is a suitable location for investment, let’s chat about them more over a call!
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No not necessarily. Technology is a helpful tool we can use to view, analyze, offer, and close on properties while you are doing your thing in another province.
For those looking to invest from other countries, it’s recommended that you talk to your tax professional before investing abroad.
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For any investment property, you are required to have a minimum downpayment of 20%.
Anti-Flipping Legislation
Early in 2023, the Federal government put new legislation in place to prevent further increases in housing prices due to rapid flipping. Essentially, any property purchased and sold in less than a year (365 days) is subject to business income tax rather than capital gains. This means 100% of the profits are taxable versus only 50% if it were to be considered as capital gains.
There are more important details about this newer rule, contact a professional tax advisor or accountant for the most up-to-date implications.
