9 Jul 2012

Tips for buying a home in the U.S.

Many Canadians with money to spend are purchasing homes in the U.S. in order to take advantage of warm temperatures and low real estate prices. However, Moneyville.ca reports that Canadians need to be wary of buying south of the border.

Canadians have several things to consider when buying in America, or any other country. The big financial factor to think about is taxation. Spending more than 6 months in the U.S. per year means you'll have to file a U.S. tax return.

Even if the home isn't your primary residence, however, you'll still have to pay property taxes. The taxes change depending on the state the home is located in, and the rules vary. Florida, for example, has no property tax for residents, but steep penalties for non-residents (vacation homes). This is why many vacationers consider states like Nevada, California and Arizona.

Instead of buying in the U.S. and paying significant money for a second home, it may make more sense for Canadians to invest in a self storage unit. With affordable Toronto self storage rates available, buyers can get more space in Canada without worrying about paying taxes in America.

Jiffy Self Storage, a leader in Toronto storage solutions, is currently running a contest on their website for a free iPad 3. Visitors to the site simply need to match a few Canadian landmarks and they'll be entered to win the iPad or one of several other prizes.

Be Sociable, Share!

Related Articles [3]

What You Need to Know Before Moving to Toronto

June 13th, 2022
With a robust culture and arts scene and over 200 languages spoken, Toronto is considered one of the most cosmopolitan cities in the world. This year, The Economist...

6 Moving Problems You Can Anticipate (And How to Fix Them)

August 23rd, 2021
Moving from one home to another can be both exciting and extremely stressful. It’s something that we all dread doing because of the effort and manpower involved; however,...

Travelling the World? What to Do With Your Personal Possessions

June 15th, 2020
Whether for business or pleasure, travel is something many Canadians do throughout the year. What do you do with your possessions during a long-term travel itinerary, though?...

Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

Leave a Comment

Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL