- Reaction score
- 0
- Points
- 110
Currently posted to Kingston Ont. in July. Once I received my message I set up an account with Brookfield and put my house on the market. Got my appraisal done and set the price accordingly. This was in early March my house still hasn't sold and I have lowered the price well below the appraised value. I am going up unaccompanied hoping the house sells within six months otherwise I will apply for IR.
I asked my IRP rep about the dual residence allowance and she explained it, well read it out of the manual like I did. It is pretty straight forward but it states that benefits only last for six months. I asked what happens if my place still didn't sell by then and the reply was "I don't know". My question is that if I move my family to Kingston and have two mortgages what happens after six months my house still doesn't sell? I can't afford two mortgages and if all the benefits stopped I would go bankrupt.
Any ideas?
Thanks
I asked my IRP rep about the dual residence allowance and she explained it, well read it out of the manual like I did. It is pretty straight forward but it states that benefits only last for six months. I asked what happens if my place still didn't sell by then and the reply was "I don't know". My question is that if I move my family to Kingston and have two mortgages what happens after six months my house still doesn't sell? I can't afford two mortgages and if all the benefits stopped I would go bankrupt.
Any ideas?
Thanks