The tax risks of renting out your home: Canadian real estate news for August 19 lolita, 31/08/2025 Open this photo in gallery: This week’s top real estate and housing news.Engel & Völkers Toronto Central Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look. Take The Globe’s business and investing news quiz Homeowners renting their properties can jeopardize thousands in tax benefits There are thousands of dollars available in tax benefits for Canadians buying their first property. But what you may not know is that you could lose them by renting to tenants, because many of them require that you use the property as your primary residence. Some of these benefits include exemptions for land transfer taxes and the First-Time Home Buyer’s Tax Credit, writes Salmaan Farooqui. Home-sharing platforms help students find seniors who have empty bedrooms Two companies, Sparrow Living and SpacesShared, want to tap an unused part of the housing market by matching renters with homeowners who have empty bedrooms. Both home-sharing platforms say they’ve been inundated by requests since they launched, reports Rachelle Younglai. Due to an aging population and limited downsizing options, more Canadians are living in homes … Continue Reading
Sydney rental stock at record low lolita, 10/08/2025 Sydney’s rent crisis has moved up another gear after further erosion in the city’s supply of available rental housing. New data from PropTrack released Tuesday revealed the total number of properties listed for rent plummeted by about 22 per cent over the last year to hit a new low. This occurred while high population growth continued to drive stronger demand, creating tough conditions for renters. The limited supply means already cash strapped Sydney tenants now have to fork out an average of 16.7 per cent more for rent compared to a year ago. Median rent for all city residences was $700 a week. Long lines at a rental inspection in Surry Hills over the weekend. Picture: Sam Ruttyn MORE: The Sydney suburbs foreign buyers are targeted PropTrack also noted a dramatic drop in the supply of fresh listings. New rental listings on realestate.com.au in December were 4.6 per cent lower than a year ago, and 14.5 per cent lower than the 10-year average for the month. PropTrack director of economic research Cameron Kusher said the rental market was characterized by low supply and strong demand. “During the pandemic average household sizes reduced quite a lot as rental prices fell,” he … Continue Reading
Should you buy or rent property in 2024? lolita, 05/07/2025 When Satyen Joshi moved to Mumbai from Bengaluru five years back, little did he know that he would have to pay more than ₹50,000 per month as rent. He is now contemplating buying a property in the suburbs for around ₹2 crores. He has taken this decision at age 40 because he has the funds to pay up and may not have to take a huge loan for the property. A homebuyer should go ahead and purchase a property if he has funds available to make a sizeable down payment. (Pixabay) Despite an increase in home loan interest rates and rising housing prices, the overall sentiment in the domestic residential market remains positive on the back of robust demand with as many as 2.6 lakh housing units expected to be sold by the end of 2023, the highest number since 2008. The growth momentum is likely to continue in 2024 with sales likely to touch around 3 lakh units, a report by JLL’2023: A Year in Review’ had said. Also Read: Year Ender 2023: Housing sales likely to touch 2.6 lakh units by end of 2023; Luxury housing sales rise by 83% The report also notes that the … Continue Reading