The high interest rates have cause an unprecedented problem for many property owners in Toronto and rest of the GTA. Many are thinking of making the difficult decision to sell their properties and lose a lot of money. So is it better to sell or to hold?
This video will show you the thought process of making this decision based on doing an analysis of your property. After completing this analysis you will have a better understanding of your financial situation. Then you can make the proper decisions based on your individual situation.
Useful links:
GST/HST New Residential Rental Property Rebate:
www.canada.ca/en/revenue-agen...
Residential Flipping Rule:
www.canada.ca/en/revenue-agen...
0:00 - Intro
0:40 - Effects of high interest rate
1:57 - Sell or hold?
2:51 - Not eligible for HST rebate
4:24 - Residential property flipping rule
5:06 - Selling and opportunity cost
5:33 - Example analysis
6:27 - Importance of Math
7:26 - Analysis to make decisions
15:53 - Conclusion
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