Property taxes are a necessary part of owning property in Ontario. Anyone in Ontario who owns land or a property has to pay a certain amount of tax to the municipal government. Although these taxes are unpopular, as all taxes are, property taxes are important because they are the main revenue source for Ontario’s municipalities. Property taxes are separate from other forms of taxes, and the amount that each person owes is based on a unique assessment for their particular property and the tax rate of the municipality the property is in. How property taxes are determined for each individual
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Archives for Homeowner tips
Landlords and Legalization: What budding weed laws may mean for Landlord
Landlords and Legalization: What budding weed laws may mean for Landlords With the legalization of marijuana on the horizon, property owners of rental units are wondering what that will mean for them. As all the rules and regulations surrounding cannabis use have yet to be ironed out, it’s only natural that landlords are beginning express concern, or in some cases excitement surrounding the opportunities legalization will present. The legalization of medical cannabis passed in 2001, but as Canada moves forward to legalize the use of cannabis across the country, there are many different views surrounding the changes. With multiple angles to
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Selling in the Summer
Selling your home in summer? It can be grueling to prepare a house for sale in the summer heat but many experts believe that summer is one of the best times to sell a house. Why?… People are out and about! Summer holidays mean that people have more time to devote to buying a home and, for parents of school age children, moving in the summer offers an easier transition for families changing neighbourhoods/schools. Selling your home in summer may also give you more time to devote to preparing your home – it’s a win-win! The Ottawa real estate market
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