Saturday, January 23, 2010

Rent To Own Condo Toronto Sell Or Rent This Condo?

Sell or Rent this Condo? - rent to own condo toronto

We live in Toronto, Canada, owner of a condo from $ 250k, and it's worth, a house X. We operate both at home, the apartment is in an excellent location in downtown Toronto.

The question: for sale or lease? The condo, 1300 would approach 250,000 per month. The taxes are) 1900 (local taxes, the flat amount to 300 euros per month. The mortgage payments are 805 per month. At the current rate of pay, the mortgages will be gone in 10 years.

If someone good advice, I guess

3 comments:

Anonymous said...

It would be prudent, with an accountant who sit on the tax laws white. I realized that a second person and move into the house, your property will probably be free from taxation of capital gains. It is important that property you will find the most sense for you, free of taxes. , Discuss how the house should be with a partner, and who could change the decision now to be treated. I would like with your tax advisor to discuss further details. Careful planning to minimize taxes now on the road.

Anonymous said...

Rent.


805 mortgage. 1300 rent, if you. Sounds good!


I do not think living in Toronto, so I do not know if this hott living space. But if it then you should not have to worry about rent, too.

Anonymous said...

It would be prudent, with an accountant who sit on the tax laws white. I realized that a second person and move into the house, your property will probably be free from taxation of capital gains. It is important that property you will find the most sense for you, free of taxes. , Discuss how the house should be with a partner, and who could change the decision now to be treated. I would like with your tax advisor to discuss further details. Careful planning to minimize taxes now on the road.

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