Welcome to #AskPete

Understanding Capital Gains for Homeowners

My clients often ask me about the financial side of real estate, especially taxes. Just last week, during a home visit, a client asked, “Pete, how can we make sure we’re not paying more taxes than we need to?” It’s a great question, and with the recent changes to capital gains rules in 2024, now is the perfect time to understand how to keep more of your money.

Understanding Quebec’s Lease Renewal Process

Last week, a client reached out in a panic about their lease renewal notice. They weren’t sure if the proposed rent increase was reasonable or what their options were. This is a common concern among both property owners and tenants in Quebec, especially during renewal season.

Quebec’s lease renewal process is unique and comes with specific rules that every property owner and tenant should understand. One key feature is that residential leases automatically renew unless proper notice is given. However, landlords and tenants must follow strict timelines and procedures if they wish to make changes.

Buying your first home is an exciting milestone, but navigating Quebec’s home-buying process can be overwhelming—especially with recent changes to first-time buyer programs. If you’re wondering what support is still available in 2024, you’re not alone. Many prospective homeowners have similar concerns.

In this guide, we’ll break down the essential programs and financial incentives still available for first-time buyers in Quebec, helping you maximize savings and make informed decisions.

Why Your Certificate of Location Matters

Last week, during a home tour, my clients were about to submit an offer on their dream home when they noticed the certificate of location was over 10 years old. They turned to me and asked,

“Sarah, is this something we should be concerned about?”

The answer? Absolutely.

A certificate of location is not just another document in your real estate paperwork—it’s a critical tool that provides a legal snapshot of your property. Without an up-to-date certificate, buyers and sellers risk delays, financial surprises, or even deal cancellations.