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Your success is our business!
Your success is our business!
Canadian real estate cash buyers are vital in investing in Canadian real estate. The fastest way to build your cash buyers list is to meet them in person at the Professional real estate investors group (PREIG) Canada’s network meeting.
Wholesale Canadian real estate investors are at real estate investors monthly meeting to connect with Canadian real estate cash buyers as well as seeking for discounted deals.
“Canadian taxes rarely cause excitement for professional real estate investors but following the simple rules by
Canada Revenue Agency CRA can provide you all the guidelines to save money” says Navtaj Chandhoke of Professional real estate investors group (PREIG) Canada. The rules are constantly changing and tightening,Don’t despair; there are still simple ways for Canadian real estate investors to limit their tax exposure. Here are top 10 tips to save yourself tax dollars in Canada. And there are three bonus more optional tips.
The Canada Revenue Agency encourages Canadians to file and pay on time and online using it’s quick, easy, and secures electronic services.
Pay in Time-As has been the practice of the CRA when April 30 falls on a weekend, this year’s filing deadline extends to Monday, May 2, 2011. You have until midnight on May 2 to file your 2010 income tax and benefit return and to pay any balance owing.
For Sale signs will soon be going up on 74 old military houses in Moncton’s west end after the federal government determined they no longer needed the single and semi-detached houses in Acadia Park, but prospective buyers won’t have long to decide.
“Canadians can take full benefit from the following Tax Credit and Savings provided they are aware of them. As Canadians prepare to file their 2012 taxes, they will be able to claim the Family Caregiver Tax Credit for the first time. Claiming these credits by filing online and using direct deposit will, in most cases, help Canadians to receive a refund in as little as eight days, compared to four to six weeks for a paper return” says Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada, the largest Real Estate Investors network group in Canada.
The importance of attending Professional Real Estate Investors Group (PREIG) Canada networking is more than meeting new people. It is also part of branding yourself. Investing in Real Estate is peoples business. It’s very interesting and brings up some very good points and tips on how to grow your Canadian real estate investments through networking.
“You can own a house in Whistler at half price provided that you are employed in Whistler, This is a unique program run by the Whistler Housing Authority. They range in size from studio condos to duplexes and single family homes” say Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada.
“Would-be owners have to be employed in Whistler to buy one. Prices are allowed to increase only a certain amount per year, with the price of most units are tied the consumer price index.”
All applicants must be of legal age, Canadian citizens or landed immigrants, must be qualified employees or retirees, and must be pre-approved for a mortgage. Employees must work a minimum average of 20 hours per week within Whistler. A retiree is someone who was employed in Whistler for five of the six years prior to ceasing employment. Applicants or their spouse must not own, either personally, jointly or indirectly through a trust or business assets, any non-restricted real estate in Whistler at the time of the application.
The bottom line: the two-bedroom townhouse that could be worth about $500,000 is sold for half that. It’s a strategy that’s allowed local employees with moderate incomes to buy in, but they also don’t get cash in by capitalizing on real market values when it comes to selling their homes.
The program, launched 15 years ago, has been funded by contributions from commercial developers. There are tradeoffs, such as foregoing the chance of striking it rich in real estate. But they make other investments and still get a home in Whistler, surrounded by families who live and work there.
More info at http://www.whistlerhousing.ca/about_wha_ownership.html
If you qualify under the Wait list Guidelines and you have been pre-approved for a mortgage, you can fill out an Purchase Application. This Application is a legal statutory declaration and therefore you need to have it notarized (can be done free of charge at Municipal Hall). As well, we need proof of citizenship or landed immigrant status and proof of employment in Whistler.
Once you are on our Purchase Wait list, we will contact you when a unit comes available for purchase. Applicants are prioritized on a first-come-first-serve basis. You can view the Calendar of Open Houses under the Purchase section to see when open houses are scheduled for available units.
The Whistler Housing Authority calculates the maximum resale price using the covenant formula, and advises vendors and the purchaser of this price. You can also view the Historical Resale’s under the Purchase section to see what other units have recently sold for.
There are some units that are only occupancy restricted, which are required to be occupied by either a Whistler employee or retiree. There are also units that are both resale and occupancy restricted, which must be occupied by a Whistler employee or retiree and the resale price of the unit is controlled by the Whistler Housing Authority.
Yes, but your name will be moved to the bottom of the wait list when you purchase a unit.
In order to maintain a stock of more affordable housing in perpetuity for Whistler resident employees and retirees. The object is to start it lower and keep it low. The Whistler Housing Authority calculates a maximum resale value for every resale restricted unit. Depending on the unit, the resale appreciation is either tied to the Royal Bank of Canada prime lending rate, the Greater Vancouver Housing Price Index or the Canadian Core Consumer Price Index. All resale’s and future developments maximum resale value will be tied to Core Consumer Price Index. If the units did not have resale restrictions, they would eventually become the same price as housing in the private market due to demand.
As of 2012, there are 862 price restricted ownership units and 232 Whistler Housing Authority managed rental units. In total there are 1,875 units (5662 beds) including owned and rented units, that form Resident Restricted Inventory in Whistler.
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Real Estate Investors Association and Canada’s Real Estate Investors club is Professional Real Estate Investors Group (PREIG). It was founded in Toronto in the month of April-2005. Real Estate Investment Clubs are groups that meet locally in all major cities in Canada and allow Canadian real Estate investors and other professionals to network and learn. Both the novice and expert Canadian real estate investor’s are provided with extremely useful information. PREIG Canada is one of the best real estate land clubs. REI CLUB and REIA provide canadians who live with minimal amount of money, with down seminars. a Canadian Real Estate forum to network, learn about reputable contractors, Mortgage brokers, realtors, lawyers, hard money lenders, joint venture partners, accountants, and other professionals.