Real estate investors often seek strategies to grow wealth while minimizing tax burdens. A powerful tool for achieving this is the 1031 exchange, which allows property owners to defer capital gains taxes when selling an investment asset. By reinvesting proceeds into a similar property, investors maintain momentum in their portfolios without immediate tax liabilities. This method isn’t just about...

When managing income-generating assets like rental properties, owners often overlook a critical financial tool: the gradual reduction of an asset’s recorded value. This process helps investors balance expenses over decades rather than facing steep upfront costs. For Canadian landlords, it’s a strategic way to optimize cash flow while complying with tax regulations. At Mark Verzyl Real Estate in...

Selling a property in Calgary involves more than just setting a competitive price. Understanding the financial obligations tied to finalizing a sale is critical for homeowners. At Mark Verzyl Real Estate (+1 403-617-9998), we guide sellers through every step of the process, including the often-overlooked expenses that arise during closing. When preparing to list your home, agent commissions typically...