Dan the man
Well-Known Member
Is it outrageousYou should see what it costs us to buy parts from south of the border.
Is it outrageousYou should see what it costs us to buy parts from south of the border.
Basically, I just double the asking price and that's what it costs us in CDN dollars.Is it outrageous
We can avoid the capital gains tax although if the money from a sold residence is spent on a home of equal or greater valueThey just stuck us with another Carbon Tax increase on April 1, and the Capital Gains tax rate is going up another 17% on anything over 250K this June.
2% in manitoba. That’s 14,000 on 700,000 home.
I bought 20 years ago,50 acres,6 outbuildings,and. 1200 sq foot bungalow. basically a farmyard for cheap. Its more than doubled now.
And im breaking off the farmland. Bank appraisal doesent change. Go figure.
doing the math - $44,000 on $700,000 is 6.3%!!!! I think somebody got their math wrong! 1.5% on $700,000 is $10,500...
I agree with ^^^^^^
You must have used Justin's new math....
Ontario Land Transfer Tax Rates 2024 | Calculator | Ratehub.ca
Yep I’m trying to build an entire house… it’s nutsBad enuf with over inflated real estate prices, I need a garage extension and the permits, fees, taxes, material it's ridiculous. I bet I'll be $25-30k adding 3-400 sq ft. So we look for "something else" and the LTF is out to fn lunch. Let alone the house price.
Im suspecting the agent is misleading..That's what I was thinking! I asked the agent, and she said it's right...ludicrous.
Ok, that got a chuckle outta me, I have to admit!I woulda figured that living in a land full of Canadians would kept the property values down more than than...
I've never heard of county income taxes either. Same here, the county gets your real estate taxes, except for the school taxes those go to the state of Missouri and then the state gives each school district x number of dollars. I think that each county should keep their own school taxes.What state has county income taxes?
I've never heard of that.
Anywhere I've lived, the county gets your real estate taxes.
Truth be told, it's shocking how expensive land is Canada when there's so much of it that isn't exactly... OccupiedOk, that got a chuckle outta me, I have to admit!