Creating a second suite can look deceptively simple. An investor walks through a property and sees an unfinished basement, or perhaps a basement that already has a kitchen, bathroom, bedrooms and a separate entrance. With rental demand and the potential for additional income, it can be tempting to calculate the ...
Continue ReadingMost consumers have a general idea of what they expect from a real estate agent. A seller may expect advice about pricing, marketing and negotiations, while a buyer may expect help identifying properties, evaluating opportunities and preparing an offer. Commercial and investment clients may require assistance with leasing, acquisitions, due ...
Continue ReadingNot every real estate transaction requires the same level of advice, analysis or professional involvement. Some transactions are relatively straightforward, while others involve significant financial commitments, contractual obligations, operational considerations and risks that may continue long after a property has been purchased, sold or leased. That distinction can also influence ...
Continue ReadingFinding the right commercial space can be an exciting step for a business. A new location may provide room to grow, better access to customers, improved facilities or the opportunity to establish a business in a market it has been trying to enter. Once a suitable property is found, however, ...
Continue ReadingThe Canadian Centre for Housing Rights (CCHR) is Canada’s leading non-profit organization working to advance the right to housing. For the first 35 years of their existence – from 1987 until 2022 – CCHR was called the Centre for Equality Rights in Accommodation (CERA). The Canadian Centre for Housing Rights ...
Continue ReadingWhen mortgage rates begin to decline, it is understandable that prospective homebuyers may consider waiting. The reasoning seems straightforward: if borrowing becomes less expensive in the future, waiting for another rate reduction should make the eventual purchase more affordable. But real estate affordability is determined by more than the mortgage ...
Continue ReadingA real estate commission rebate is a portion of the real estate agent’s commission that is legally returned to the buyer after closing. This is a legitimate practice in Ontario, overseen by the Real Estate Council of Ontario (RECO), and must be put in writing, often in a Buyer Representation ...
Continue ReadingCan a home seller consider other bids after accepting a conditional offer? The short answer is yes, but you have to be cautious. A seller can consider additional offers even after signing a conditional offer. This is because the sale is not final and binding on both parties until all ...
Continue ReadingWhile buying a home through an estate sale can be like purchasing any other resale property in many ways, there are a few key differences that are important to know. When you come across a property listed for sale, the homeowner is usually the seller. However, if the homeowner has ...
Continue ReadingThere are various approaches to selling a business and the following will provide one framework that is typical. The purpose is to help potential sellers understand the process and to assist in the questions you may have as they begin to think about selling their business. Step 1. Preparation Prepare ...
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