How Soon Can I Sell My Home After Buying It In Leamington?
In Ontario, there’s no legal waiting period to sell your home after buying it—but doing so in Leamington within the first year may come with tax implications or financial downsides. Consult with professionals and talk to a local expert like Linda Hakr to understand your best timing.
Is There a Legal Waiting Period to Sell?
No—Ontario law doesn’t require you to own a property for a specific amount of time before selling it. You can technically sell a home right after purchasing it. But depending on your situation, there could be financial, tax, or mortgage consequences.
Why Sellers in Leamington Consider Selling Quickly
Some Leamington homeowners need to sell early due to:
– Job relocation
– Change in financial situation
– Relationship changes
– Buyer’s remorse
These are all valid reasons—but they come with key things to watch for.
Possible Downsides of Selling Too Soon
– **Capital Gains Tax**: If the home was an investment and not your primary residence, the CRA may tax your profit.
– **Prepayment Penalties**: Breaking your mortgage early can trigger fees from your lender.
– **Land Transfer Tax**: You won’t recover this fee paid at purchase.
– **Closing Costs**: You may not build enough equity to cover selling costs.
The CRA’s Anti-Flipping Rule (2023 Update)
Since January 1, 2023, the CRA treats homes sold within 12 months as business income—not capital gains—unless you meet an exemption. That means your profits could be taxed at a higher rate. Talk to a tax advisor before listing if you’re unsure.
What’s the Local Market Like in Leamington?
In 2025, Leamington’s market has remained stable, with moderate growth in mid-range homes ($400,000–$600,000). Depending on your home’s location and upgrades, a fast resale might still be profitable—especially with guidance from Realtor Linda Hakr.
How Linda Hakr Can Help You Time Your Sale
Linda will help you evaluate your goals, run the numbers, and determine if now is the right time to sell. If you’re unsure whether to list now or wait, she’ll give you honest, pressure-free advice and help you plan accordingly.
When Selling Quickly Makes Sense
If your life circumstances have changed, don’t wait and hope the situation resolves itself. Selling quickly in Leamington is possible—and with Linda Hakr’s local expertise, you can get a solid return even on a short timeline.
Talk to Linda Hakr Before You List
Considering selling your home soon after buying it? Call Linda Hakr at 519-654-6695 or email linda.hakr@jumprealty.ca for expert local advice and a plan that protects your finances.
Information is general in nature and not legal, tax, financial, or accounting advice. Ontario rules (including CRA guidance) can change—consult a lawyer, CPA, and mortgage professional before acting.