- Joined
- Aug 17, 2011
- Messages
- 18
Hello,
I was wondering if anyone had any thoughts on the price of cottage lots/cottage country in Manitoba. We are holding on to a lot, and it's assessed value has tripled in the last six years. I am not into speculation, and this is not the kind of investment that I really want to hold on to. However, when I've looked into similar situations and locations around CMA's around the country, lakefront land has done very well.
Also, is there a difference in payments methods in regards to capital gains? Are cash deals the same as financed? Any accounting help would be great.
Thanks
Dan
I was wondering if anyone had any thoughts on the price of cottage lots/cottage country in Manitoba. We are holding on to a lot, and it's assessed value has tripled in the last six years. I am not into speculation, and this is not the kind of investment that I really want to hold on to. However, when I've looked into similar situations and locations around CMA's around the country, lakefront land has done very well.
Also, is there a difference in payments methods in regards to capital gains? Are cash deals the same as financed? Any accounting help would be great.
Thanks
Dan