Open House - The Real Estate and Mortgage Show
Steve and Frank are joined by Erin Peck -- Sales Representative Selling Partner, part of the Paul Rushforth Team (filling-in for Paul). They take your real estate, mortgage and staging questions.
On this week's episode of the Real Estate and Mortgage Show, Ottawa Mortgage Broker Frank Napolitano sits with Steve Gregory and Erin Peck to discuss current hot topics in the real estate and mortgage market. This week we learn more about the purchase plus improvements program, household debt, capital gains and that Canadians have more equity in their homes than we thought.
One listener's question dealt with avoiding paying captial gains when selling an income property. Although paying the capital gains themselves is unavoidable, there are many expenses that can be claimed during tax season. Expenses such as utilities, property taxes, condo fees, insurance and advertising all apply. Be sure to consult a tax professional with any questions regarding what can and cannot be claimed.