Solterra Co-Housing Ltd.
RR#1, 2072 Falkenburg Rd P0B 1J0 Port Carling, ON, Canada

Co-housing, co-ownership, or co-living can be an ownership or rental model. The Provincial government is doing its part to help promote this simple way of living. This is their new publication.

Thinking of becoming a landlord? You might want to take a course beforehand so you understand the ups and downs of being one. Do you know these 'Dark Side of Landlording' issues? Even if you're active daily in your rental business, unless you have 5 or more non-relative employees, you pay maximum corporate tax. Many Above Guideline Increase applications made a year ago have still not been scheduled for a hearing... Municipally owned water utility companies are the only entity that still holds landlords accountable if a tenant doesn't pay their water bill. If you take depreciation (Capital Cost Allowance) on your property to increase your cash flow, you have to pay it all back (RCCA) when you sell your property CRA is forcing active income company owners to withdraw retirement savings now by taxing passive income at the highest tax rate. If you're late by a day in paying payroll, CRA charges a whopping 700% or more in interest Ontario pays interest of $1.4 million per hour, with every person in the province owing about $900 a year Residential tenants pay property tax, not landlords. In many Ontario municipalities, apartment tenants pay as much as 2.5 times more property tax than a condo and single-family homeowners. You can't garnish social assistance income but you might be able to garnish the bank account it was deposited into GTA has accumulated $1.13 billion in unspent parkland reserve funds it ... acquired ... through 'cash-in-lieu' payments by home builders between 2006 and 2017 It's easier to evict a tenant with a common N5 LTB form than with the N7 form that is used for evicting tenants that are causing very serious issues. If you include electricity in your tenant's rent and they grow 4 cannabis plants, your electricity bill may increase by $600 to $800 per year ... for 1 tenant! That's $12,000 lost equity (at 5 cap) per tenant. The above is just a sampling of a very long list of things that can land you in serious legal or financial trouble. You can view six short videos from a previous class session on the course webpage: www.landlordingcourse.ca. Then register on the same webpage. At the bottom of the webpage is an extensive list of testimonials from previous attendees.

Co-ownership is a solution for both Millennials and seniors but let's not forget people with disabilities, intergenerational, multigenerational, singles and individuals that need more support and lower overhead expenses. Solterra fought the legal battles in 2010 and more and more people are re-evaluating options for housing. Co-ownership is a the new wave in housing.

Death is inevitable, let's change the control and who makes those final decisions. Peter Jennings, has nailed it.

Co-housing is the next generation of housing. Martha and Louise came to Solterra Woodland in 2009 in Bracebridge and met with our seniors, Jean, Ross and Lloyd. After many challenges in Port Perry they were able to duplicate our success and now co-house together in Port Perry.