All Forum Posts by: Chris Liu

I bought a pre-construction condo 5 years ago. It was my first purchase in real estate with the intention to live in it when the condo was finished. However, the project continuously got delayed and I ended up purchasing a house in the suburbs. Now the condo is finally finished and I don't need it any longer. The condo has appreciated significantly in the past 5 years, and I was wondering if I still need to pay capital gains tax on it even though I intended for it to be my primary residence and never leased it or lived in it for a single day? I live in the Greater Toronto Area.

Thank you!!

Hi everyone, so far I'm seeing only Victoria and Hamilton on this thread. Has anyone done good BRRR elsewhere in Canada and more specifically in other parts of the GTA or ON?

For those that have many units, we have really strict mortgage rules here in Canada, how are you able to get banks to lend you money on the refi as most banks stick to the 5x annual income rule?