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Do You Pay Tax on Selling Real Estate?

Return of the Return

For most Canadians, the time for tax returns is the same every year: April 30th. Individuals fill out the appropriate forms in order to report the salient details of the prior fiscal year (so on April 30th, 2019, the taxes being filed will relate to January 1st, 2018 to December 31st, 2018). The tax return is concerned with taxable income and tax credits (and details concerning the two). At the end, you’ll end up with a certain amount owing to the federal government, or an amount to be refunded.

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How the University of Waterloo Transformed Waterloo into a Tech Hub

A Brief History of UW

UW’s earliest history dates back to 1911, when the Evangelical Lutheran Theological Seminary of Eastern Canada opened to students in Waterloo (and Berlin [Kitchener]). The seminary expanded in 1914 to include non-denominational courses, which were offered under the name Waterloo College School. Before we can see how this small college eventually became UW, we must first meet one of its graduates: Gerald Hagey.

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How Did Kitchener Change its Name from Berlin?

The Backstory

In the early nineteenth century, German speaking Mennonites from Pennsylvania migrated north. Some settled in the area that would go on to become Cambridge, some went further up to Waterloo, some went to the surrounding areas, and some settled in the land that would go on to become Kitchener.

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The Basics of Porting a Mortgage

What to Do with Your Current Mortgage When You Buy a New Home?

There’s no question that buying a new home can be an incredibly exciting time. A new home holds the prospect for a great new chapter in your life; it opens up a world of new opportunities for you to explore; and it can be quite rewarding financially, too. In many cases, a new home is the result of years of saving, and perhaps greater financial flexibility.

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Title Insurance – What Do You Need to Know?

What is a Title?

The word title has quite a few meanings (including honorifics like ‘His or Her Majesty’), but for our purposes, we’re looking at title as a legal term pertaining to property. Straight from Wikipedia: “In property law, a title is a bundle of rights in a piece of property in which a party may own either a legal interest or equitable interest” (Wiki). A title is legal document conferring, proving, and establishing ownership of property.

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How We Help Our Sellers

A Knowledgeable and Effective Team

WRX Property Group is a professional Kitchener-Waterloo-based realty team, part of the Cloud Realty Inc. Brokerage, serving all of Waterloo Region and Wellington County. We are experienced and confident in navigating the world of real estate, and we are distinctly familiar with the local market.

We have a team of full-time realtors, and we offer a full range of services. We believe that you deserve more than just a sign on your lawn, and your home posted to the local MLS board. We are in 2021, not 1998. Marketing your home should be more than just putting up a sign and hosting an Open House.

We are proactive agents, not passive ones who just wait for the phone to ring, and we know that in today’s market in order to get the top value for your home we need to have an aggressive marketing plan.

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    Our Objectives When Working for You

    1. Market your home to as many qualified buyers as possible, and get as many potential buyers through your home as possible. 97% of buyers search for homes online and our marketing gets your home in front of the right buyers and highly increases your chances of selling.
    2. Pick the right price and help you negotiate the highest possible offer for your home. Pricing your home right is key to getting the most out of your sale. Price it too high and no one will come by, price it too low and you’re leaving money on the table. Price it just right and your home will sell fast and you will maximize your dollar value.
    3. Communicate on a regular basis. The number one complaint clients have about their realtors is a lack of communication once the home is listed. We will communicate with you on a regular basis.

    Our Track Record

    WRX Property Group completed 57 transactions in Kitchener-Waterloo in 2020. According to the Kitchener-Waterloo Association of Realtors, there are approximately 1300 realtors in the region, and approximately 7000 residential properties sell per year.

    This means the average realtor completes 5.4 transactions per year, putting us well ahead of the curve. Beyond past sales, WRX Property Group also offers a host of services designed to make the process of selling your home as smooth as possible (and with the best ultimate outcome).

    Daniela Kraemer AvatarDaniela Kraemer

    WRX property group, and especially George Dmitrovic, helped us buy our first home. We can't recommend them and him enough - professional, organized, answered all our questions, offered good advice, and ultimately brokered us into our dream home. But more than that, George offered a personal touch and was fun and delightful to work with. He communicating by text and phone quickly and responsively, and laughed with us and joined our conversations when we lifted up old carpets to find crooked floors, or talked about chandeliers (not our taste) that we would want to replace. WRX property group made our... read more - 9/21/2018 

    Stef Anna AvatarStef Anna

    Gr4eat individuals whom will help you find the right house of your needs, they are also not as pushy as most realtors and I enjoyed working with them! Would definitely recommend. - 4/02/2019 

    Drazen Pantic AvatarDrazen Pantic

    Great customer service and around the clock support. George was super easy to work with and made it extremely easy for us when buying our home. Highly recommend 🙂 - 3/26/2019 

    Pelin Kaya AvatarPelin Kaya

    I worked closely with George on finding a property in Kitchener-Waterloo. George is knowledgeable, communicative and diligent. He is quick and thorough in his responses; and furthermore, he was honest throughout the entire process (hard trait to come by these days!). He is a top-tier realtor and I would recommended him completely to anyone looking for a property in the KW area. I will definitely work with George again in the future! - 6/10/2019 


    To find out more about how we achieve our objectives and how we can help you sell your home for the most money with the least hassle please schedule a free consultation with one of our market specialists below.

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      About WRX Property Group

      A Commitment to Impeccable Customer Service

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        Providing you with the best customer service is our pledge and driving purpose.

        Our commitment to delivering impeccable customer service is what unites us as a team, and it is another one of the ways in which we strive to distinguish ourselves from other choices.

        We believe that active listening is at the heart of great customer service, and listening is the first step in establishing a productive, dependable working relationship.

        Our goal is not to pair you with just any home.

        Our goal is to listen to your needs, to understand your expectations, and to do everything we can to help you find YOUR dream home.

        Dan Predhomme AvatarDan Predhomme

        Mario was very helpful and always available for questions with prompt answers. He also negotiated the purchase of our new home and sale of the current home as a strong advocate for us, his clients. We hope the new house is our forever home but would hire him again if the need arose. - 10/09/2018 

        Dalia Iskandar AvatarDalia Iskandar

        Mario did a great job helping us find our first home. He's very HONEST, which is rare to find, knowledgeable, hard working, and always on top of things. He gave us valuable advice about the houses we saw, whether positive or negative, which was an eye-opener for us. He doesn't just want to make a quick sale, but he sincerely wants the best for his clients. We appreciated working with him, especially his honesty.

        George was also very helpful. He agreed to drive to Paris to show us a house there, which was very kind of him. We ended...
        read more - 5/17/2019 

        Heather Foley AvatarHeather Foley

        Exceptional! Mario was courteous, professional and knowledgeable. He gave us great advice, from staging through negotiations, and helped us sell our house quickly. You put a lot of trust in the person selling your home - he was recommended to me, and I wouldn't hesitate to recommend Mario to anyone ... buying or selling. He's one of the most genuine people you'll meet and he does a great job. Greatly appreciated !! - 7/29/2019 

        Vanessa Nobre AvatarVanessa Nobre

        As a newcomer to Canada, the WRX Property group has been helping me prepare to buy my first home. They are always checking in with me and answering any questions I might have. I know I am in good hands. - 9/04/2018 

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