Total Pageviews

Wednesday, 8 February 2012

What Is A Principal Residence?

A Principal Residence must be :

1/ a house,  cottage, condo,  trailer, mobile home  or houseboat.

2/ freehold, leasehold or co-op housing.

3/  owned by you solely or jointly.

4/ lived in some time during the year by you, your current or former spouse, or your children.

5/ that you designate the property as your principal residence.

6/ 1.24 acres or less in size.

No comments:

Post a Comment

About Me

My photo
I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.