Quote:
Originally Posted by ken0042
I was sure that a landlord must give you 90 days notice, and if they are evicting you to convert to condos or renovate they now have to give you 1 year notice.
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Good call, yeah the landlord has to give 90 days notice.. though he did say about it being sold "in the fall", so that may have been the notice.
And yes too to the part about renovating, it has to be 1 year notice and no rental increases are allowed during that year.
For the capital gains, that's a bit of a grey area... your example makes sense, but I've spoken with people who did that and still had it denied because if you are buying it for the purposes of selling it, that's not an investment it's a business and fully taxable. But given your life situation change I don't think you'll have a problem with that.