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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 2019, 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.

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 49 transactions in Kitchener-Waterloo in 2019. 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).

S Gee AvatarS Gee

Extremely pleased to write this review of Mario Rakanovic.

We have known Mario for years living beside his parents place with the great neighborly hospitality back and forth. So when it came time for our growing family to find a larger place to live we gave Mario a call. Mario worked with us on the sale and purchase or in our case the purchase and sale!
My wife and I showed Mario a few listings that interested us and Mario took it from there showing us homes in a couple different areas in our budget. We viewed a few homes until...
read more - 1/05/2021 

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 

Sudhanwa Panvalkar AvatarSudhanwa Panvalkar

Prompt, invaluable service & genuinely friendly yet professional demeanour where it mattered most is how I would rate WRX & especially George who made it happen ! I would be happy to recommend him in future! Thanks for everything George ( taking the stress out of buying)!! - 5/06/2020 

Kevin Zikovic MLA/T AvatarKevin Zikovic MLA/T

Mario Rakanovic, what can I say? We put this guy through the ringer and he still came out wet! We had him running around for us all over the place, it didn't matter what time of day, where, how, who ,or what! There he was, ready to go to bat and take on the world for us. I could not recommend his services any more if I wanted to. From here on out this man is our go-to for buying or selling a home! Thank you Mario for everything you've done and continue to do! - 5/21/2019 


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

      Book Your Consultation

      Your Name

      Your Email

      Phone Number

      I am Considering...

      Preferred Date

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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.

      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 

      Camille Copas AvatarCamille Copas

      We had a fantastic experience working with Mario from WRX Property Group. We worked together for several months looking for a new home. Mario is very knowledgeable about KW real estate and takes the time to get to know what his clients are looking for. He customized the search for us and would flag listings of interest right away. The guidance he provided during the offer period was extremely valuable and never pushy. Mario went above and beyond to help us get the home we wanted, would absolutely recommend! - 5/27/2019 

      Jennifer Webb AvatarJennifer Webb

      Mario Rakanovic helped us recently with the purchase of a property. He was very quick to respond to our request and was extremely professional. We really appreciated him taking the time to take us through several locations and help us determine the pro's and con's of each house. He really helped us narrow down and find what we wanted. Thank you Mario! - 10/21/2020 

      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 

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