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31 Reasons, Your Realtors® are Worth His / Her Salary
REASON # 1 The numbers are In. Statistics from the National Association of Realtors® prove that homes listed with a licensed full-time agent sell for approximately 26% more than those sold “For Sale By Owner”, even after the commission. Why? Mainly because active agents know the market and what a home will bring – ...
Continue ReadingReal Estate – More Than Just Sales
Members of the public seem to think that all I do is sell property. While that is part of my work, the amount of time I spend selling represents just 20 per cent of my job activities. The role of the REALTOR®, in my view, is not so much a salesperson ...
Continue ReadingOntario Human Rights Code – Housing Discrimination
Every person has the right to be free from discrimination in housing because of Code-protected grounds. You have the right to equal treatment when buying, selling, renting or being evicted from an apartment, house, condominium or commercial property. This right also covers renting or being evicted from a hotel room. Housing The Code ...
Continue ReadingHow Do You Calculate the Profit You’ll Earn on Rental Property Income?
Are you thinking about investing in real estate to earn rental property income? Whether you invest in a residential or commercial building, there are several things to consider to make sure the property will generate a profit. Here’s what you need to take into account to determine how profitable an ...
Continue ReadingImportant Changes to Capital Gains Tax (what you need to know)
Starting June 25, 2024, the capital gains inclusion rate will be increased from one-half to two-thirds for capital gains of over $250,000 per year for Canadians, and on all capital gains for corporations and most types of trusts. Four Key Federal Budget Capital Gains Measures 1) Increase in Capital Gains Inclusion Rate Change: Effective ...
Continue ReadingMoney Laundering Can Drive Home Prices A Lot Higher, In A Short Period Of Time
The Objective Of Money Laundering When you buy an asset, whether a home or an investment property, you try to get the best value for your time and money. You want a deal. The seller is trying to extract the maximum price they can get from you, without driving you away. ...
Continue Reading10 Family Camping Games to Play This Summer
These family camping games make the great outdoors even more fun. Courtesy of Julia K. Porter WAVEBREAKMEDIA/SHUTTERSTOCK Whether you’re roughing it in a tent or lounging in a camper (like me!), take advantage of the time to play fun family camping games. I asked friends for their top recommendations. Going camping soon? Don’t miss out ...
Continue ReadingAssigning Property and the GST/HST Implications
The Federal Budget for 2022 has made amendments to Part IX of the Excise Tax Act (“ETA”). Effective May 7, 2022, all assignment sales in respect of newly constructed or substantially renovated single unit residential complexes or residential condominium units are taxable. For clarity, with respect to residential housing transactions, the ...
Continue ReadingCan REALTORS®—or Clients—Secretly Record Potential Buyers?
Smile! You’re being secretly recorded. Oh, the joys of privacy law! With more twists and turns than an Agatha Christie novel, it truly is the gift that keeps on giving… if you’re a privacy lawyer. For normal people, maybe not so much. Perhaps it’s because of the warmer weather that’s just around ...
Continue ReadingHome Maintenance Tips for the Summer Season
Father's Day signifies summer is here! So here are my top tips to get you ready for summer. 1 of 17 Ensure all air vents are clean and uncluttered In keeping with maintaining proper air flow throughout your home, it’s important to make sure all air vents and returns (ducts that suck air ...
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