Mortgage Consultant | Phone: 416 858 4018 | Fax: 1 866 230 9634 | leo@totalmortgagesolutions.ca | www.leomarasovic.com
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Info for Homebuyers |
| Homebuyers Main
Page | Your Homebuying Team |Is
It a Good Investment?| Purchase Price Checklist Is it a Good Investment? Ask any homeowner, a house is solid investment that is difficult to match. Why? Capital Gains Are Tax Free — Any capital gains that accrue and are realized on the sale of a principal residence are tax free — your money, 100%!! To match even a small appreciation of 6%, the return on a fixed-income investment such as a GIC would have to be as much as 12%. Gain Leverage — You do not need the full
purchase price to own a home. |