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Buying Tyler Marshall Buying Tyler Marshall

Hidden Costs in Home Buying

When purchasing a new build, it's essential to carefully consider all aspects to ensure a smooth and satisfactory home-buying experience. Here are the top 9 things that people often forget to consider when buying a new build:

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Investing Tyler Marshall Investing Tyler Marshall

The Underused Housing Tax (Revised)

UHT is primarily a tax targeting vacant or underused properties not owned by Canadian citizens or permanent residents. However, many Canadian entities, including individuals, corporations, partnerships, and trustees with ownership of residential real estate, must also consider this tax. Beginning in 2022, if you manage properties within Canada, you must determine whether a UHT return is required. The tax is calculated at 1% of the residential property's value, considering the higher of its last sale price or property tax assessment value.

Just because you file a UHT return doesn't mean you'll necessarily owe more tax. Many exemptions and scenarios result in zero balances upon filing.

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Investing Tyler Marshall Investing Tyler Marshall

The Underused Housing Tax

UHT is primarily a tax targeting vacant or underused properties not owned by Canadian citizens or permanent residents. However, many Canadian entities, including individuals, corporations, partnerships, and trustees with ownership of residential real estate, must also consider this tax. Beginning in 2022, if you manage properties within Canada, you must determine whether a UHT return is required. The tax is calculated at 1% of the residential property's value, considering the higher of its last sale price or property tax assessment value.

Just because you file a UHT return doesn't mean you'll necessarily owe more tax. Many exemptions and scenarios result in zero balances upon filing.

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Buying Tyler Marshall Buying Tyler Marshall

GET YOUR KEYS AND SAVE $17,500

The Métis First Time Home Buyers' Program is here to make it happen, with incredible savings of up to $17,500 towards your dream home! Yes, you read that right – this terrific grant provides $15,000 towards your down payment and an additional $2,500 to cover home purchase closing costs, all bundled into one fantastic opportunity!

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Buying Tyler Marshall Buying Tyler Marshall

Unlocking your Métis Identity

For individuals with Métis ancestry in Saskatchewan, obtaining a Métis card is a significant step in reclaiming and celebrating their cultural heritage. The Métis card officially recognizes Métis identity and opens doors to various benefits and opportunities within the Métis Nation. If you're keen on embracing your Métis heritage and obtaining your Métis card, follow this guide to navigate the process in Saskatchewan.

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Buying Tyler Marshall Buying Tyler Marshall

Buying a New Build vs. an Existing Home

When purchasing a home, buyers are often presented with two primary options: buying a new build or an existing one. Both choices have unique advantages and considerations, and understanding their key differences can help prospective homeowners make an informed decision that aligns with their preferences and needs.

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