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Investing in US real estate—beware of taxes
With the recent declines in the value of US real estate and the relative strength of the Canadian dollar as compared with the US dollar, it may be an ideal time to buy property south of the border. Those who decide to take the plunge need to consider the tax consequences associated with owning US real estate.
If you buy a US property and rent it out, either on a full-time or part-time basis, under American tax law the gross rent is subject to a 30 per cent withholding tax, which tenants are required to deduct and remit to the Internal Revenue Service. This is a high tax rate to pay. If you have expenses
I just finished uploading this Detached House for sale, 10374 McEachern Street, Maple Ridge, BC
Nature at it's best in Thornhill Heights!!
This executive style home offers a bright open floor plan with in a natural setting. View the double sided fireplace, heritage doors,maple kitchen, laminate, vaulted ceilings and large bedrooms wrapped in the warmth of earth tones. Privacy is at it's best on the backyard patio. This home is close to recreation, transit and schools. Double garage...10 year warranty.
Month-over-month housing prices retreat from record highs
VANCOUVER, B.C. – Aug 5, 2008 – As property listings continue to outpace sales, Greater Vancouver housing prices have drawn back, the last two months, from the record highs experienced in early 2008.
Since May 2008, housing prices, as calculated by the MLSLink Housing Price Index®, across each residential category have declined. Detached properties in Greater Vancouver declined 2.3 per cent through June and July 2008, while attached were down 1 per cent and apartment properties 2 per cent over the same period.
The overall benchmark price for all residential properties
I just finished uploading this Condo for sale, 401 13555 GATEWAY Drive, North Surrey, British Columbia
Proudly developed by Omni Pacific. Walking distance to the sky train, local transit, shopping, SFU & parks, all conveniences of this 3 bdrm bright modern condo. Features include: granite counter tops, stainless steel appliances, all window coverings, and laminate/tile flooring. "Earth" colour scheme. Bike storage room. Two parking spots at no extra charge. Call for private viewing and completion dates. Hot water included in strata fees.