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#41
11-02-2007, 01:34 AM
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Re: You have $400k in cash, buy House with it or rent & invest
depends on where you live
if you're expecting normal to good housing...and don't mind the "extra work" involved with owning a house..then buy However, if you hate doing house chores, or might move within the next 2-3 years or live in a declining market...then rent 
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#42
11-02-2007, 06:46 AM
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Re: You have $400k in cash, buy House with it or rent & invest
[ QUOTE ]
There is not "real estate" tax. He will pay GST if the property is brand new, otherwise no. There will be misc closing costs as with any transaction.. approx 1.5% of purchase price. [/ QUOTE ] This is true for the rest of Canada but is it still true for Toronto? The city has been trying to pass some sort of tax. I stopped following it so not sure what happened.
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