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landlords: Did you claim an HST rebate on your Condo Purchase? - 04/28/12 03:22 PM
Yes,  the real estate condo market is HOT! Yes, You can flip your unit for immediate profit! Yes, You can rent your unit! Yes, Revenue Canada;  affectionately referred to as CRA  is made aware of the transaction. HOW you ask?   You pay Land Transfer Tax on your purchase; Tarion Warranties apply.  Even in a Flip there are disclosures. You can sell your unit and claim the [HST] tax on closing or if you rent your unit and provide a copy of the lease; preferably you will pay the tax and request a rebate a year later.  Personally, people try to slip … (1 comments)

landlords: Have you had trouble with tenants? - 02/16/12 11:57 AM
Just got off the phone with a Landlord handling a dispute between his tenant and the adjacent neighbour over cars parked in a Right of Way (shared Mutual Driveway)  Tenant parks to drop off kids and groceries, neighbour has a tantrum about cars in the driveway.  This is escalating to LAWYER letter writing and the Neighbourhood Community Liaison Officer (Police), a call out of illegal building permits and pet tags.Why can't people just get along?Do you have a tenant from Hell story to share?I'm in Toronto  Reach out and say Hello
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landlords: HST rebates on New condo Purchase for Investors - 01/17/12 12:14 PM
David Pylyp: I'm with Shadi Nasseri; A Condominium Law Specialist in Down Town Toronto. Tell me about HST (Harmonized Sales Tax Rebates) Can I get a rebate on the purchase? Shadi Nasseri: When you purchase a new condo in Ontario you have to pay HST on the purchase price. There are however some exceptions to that rule. You can get a rebate of your HST payments, of a certain portion of your HST, if you qualify based on two factors, one, is if you live in the condo yourself, so there's a rebate that applies that you occupy the unit yourself, … (0 comments)

landlords: Credit report request? DONT LET THESE 'LANDLORDS' FOOL YOU - 07/13/10 03:22 PM
While working through my Google Alerts for Landlord information in Toronto and updates I was drawn to this advertorial (RANT) on Kijiji (an internet advertising site) THERE IS ABSOLUTELY NO REASON FOR AN OWNER OF A HOUSE TO REQUEST YOUR CREDIT REPORT - ALSO KNOWN AS YOUR LIFE. It is an EXTREMELY personal file and is only allowed to be requested by authorized individuals, i.e, you have a license to be giving loans/lines of credit which require a credit check or you are employed by a company that involves credit. If anyone feels uncomfortable with this request, no problem. By law, … (5 comments)

landlords: As a Landlord.... Thou Shalt Not - 04/23/09 11:17 AM
Larry the Landlord has owned this property for more than 20 years. In the last 10 years the same tenant (Tina the Tenant) has been the occupant.  
Since Tina the Tenant paid relatively well, Larry the Landlord hasn't kept pace with all the allowable rental increases available from the Landlord Tenant Tribunal.(LTB)
Larry has been watching the real estate market in west Torontorather actively and finally felt the time was right to part with the challenge and obligation of looking after a rental property. He struck up a conversation with Tina about whether they might be interested in purchasing the property as they … (0 comments)

 
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David Pylyp

Toronto, ON

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RE/MAX Realty Specialists Inc.,

Office Phone: (905) 272-3434

Cell Phone: (647) 218-2414

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News, views, rants and commentary about Toronto west Real Estate issues and Local Community events from David Pylyp. Experience is not expensive... It is Priceless!


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