Looking back, the theme for 2023 in the real estate industry was one of caution as investors and real estate owners braced for the effects of rising interest and inflation rates to stabilize.
As the Canadian economy confronts conditions not seen in decades, the real estate industry is challenged with an uncertain landscape in 2023.
In this report, we examine the emerging trends that impact the real estate industry in a post-pandemic world.
Depending on your desired outcomes, the corporate structure of your PREC may shift—making it important to identify your objectives in advance.
A Personal Real Estate Corporation (PREC) is a personal corporation that real estate agents and brokers can establish. Jaclyn Cairns, Senior Manager, Tax, presents the important points you need to know in order to determine if a PREC is right for you.
Ontario’s real estate professionals can incorporate by setting up a PREC. However, it’s important to understand the different structures and their benefits.
With the passing of legislation for Bill 145, it’s now possible for realtors in Ontario to establish a Personal Real Estate Corporation (PREC).