Time to Sell Before Buying? + Pay Tax to Move into My Condo Rental? — ‘The Situation’ Consumer Q&A

In our monthly ‘The Situation’ consumer Q/A segment for September, Urmi once again asks John to respond to the detailed questions you send in about the real estate decisions you are making as you navigate through the Toronto area housing market.

00:00 Intro
02:17 Should up-sizer sell before buying right now?
11:38 Will this condo rental owner have to pay tax to move in?
18:28 Frustrated young buyer wonders how this gen will ever catch-up?

Links for today’s show:

Canada Government - Change in Use of Property: https://www.canada.ca/en/revenue-agen...

How to Avoid Capital Gains Tax When Moving To A Rental Property: https://realestatetaxtips.ca/avoid-ca...

Generation Squeeze: https://www.gensqueeze.ca/

If you would like to send in your question to be considered for a future episode, please email [email protected]

If you have a real estate situation you would like to discuss with John in private, please connect with John at movesmartly.com/meetjohn

Connect with Us

John Pasalis, President and Broker, Realosophy Realty, Toronto | Email: [email protected] | Twitter: @JohnPasalis

Urmi Desai, Editor, Move Smartly | Email: [email protected] | X-Twitter: @MoveSmartly

About This Show

The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada.

You can listen to the Move Smartly show on your favourite podcast platform using this link (new episodes drop Tuesdays): https://link.chtbl.com/movesmartly
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