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Buying Short-Term Rental in Canmore Flip or Keep Your Vacation Rental Choosing between flipping a property and investing in a vacation rental in Canmore depends on your personal investment goals, risk tolerance, and the amount of time and effort you’re willing to commit. Here’s a detailed comparison to help you make an informed decision: Flipping a Property What It Involves: Purchase: Buy a property that needs […]
How to Invest Smart In Vacation Rentals Investing in a vacation rental in Canmore can indeed be a lucrative venture, especially given the area’s steady demand from tourists and its diverse real estate market. Here’s a comprehensive guide to ensure you get a great deal on your vacation rental property: 1. Avoid Emotional Decision-Making Emotional Decisions vs. Smart Investments: Emotionally-Driven Decisions: Emotional […]
Canadian Government Real Estate Specific Regulation GST Deferral on Short-Term Rental in Canada   GST IN REAL ESTATE AND GST DEFERRAL GST, or goods and sales tax (in Canada) is a sales tax paid by the end consumer. You will pay this tax when you purchase a brand new residential home,  as an end consumer who intends to live in it. The builder business involved in the development […]
Bow Valley Living Canmore Zoning Residential Zoning: Allows for full-time living and long-term rentals with no restrictions on personal use. Disadvantages include the restriction on short-term rentals and potential management fees for long-term rentals. Tourist Zoning: Offers the most flexibility, allowing for full-time living, long-term rentals, and short-term rentals including nightly or weekly rentals. However, obtaining standard mortgage financing can […]
Bow Valley Living Making Your Canmore Home Sustainable What Upgrades To Your Canmore Property Are Impacting Resale Value? Incorporating sustainable features into your Canmore home not only supports environmental stewardship but also enhances your living experience and potentially increases your home’s value. Here are several sustainable upgrades that can benefit your home in Canmore: 1. Energy-Efficient Windows and Doors Benefits: Reducing heat loss […]
Canadian Government Real Estate Specific Regulation The Foreign Buyer Ban In Canada   In Effect  – January 2023 to January 2027   The Canadian government implemented a ban on foreigners purchasing property in census metropolitan (CMA must have a total population of at least 100,000 of which 50% must live in a core) and census agglomeration areas (CA must have a core population of at least 10,000) […]
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