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How to Avoid or Recover from Identity Theft
Types of ID fraud Identity theft is when someone uses your personal information without your knowledge for criminal purposes. They may use the stolen information to gain access to your financial accounts, hack into your online accounts, and/or defraud others. Once they access your personal information, identity thieves can also: spend money from your ...
Continue ReadingAdditional Costs When Buying a Home
The purchase price of your home is only one of the costs you'll encounter. Here are other possible costs you need to consider: Mortgage loan insurance: If you are putting less than 20 per cent of the house value down, you're going to need mortgage loan insurance. Depending on the lender, ...
Continue ReadingThe Buyer Representation Agreement
The search for your dream home is an exciting, albeit frenzied, endeavor. It is filled with endless possibilities; do you want to live in the city or suburbs? Will you live in a condominium, townhouse or a detached home? This is essentially the fun part of home buying before you ...
Continue ReadingHow Capital Gain Works
Have you made capital gain? That’s great news, because this influx of cash from selling your assets will improve your financial health. However, these benefits may be taxed. Here, I answer seven common questions. 1. What is capital gain? Capital gain represents the profit you make when you sell, entrust, transfer or ...
Continue ReadingFree Home Buyers Guide Book
I recently revised my Home Buyers Guide Book. It's a collection of how-to’s, checklists, and worksheets to help buyers understand what to expect during the real estate purchasing experience. Click here to get a free copy. ...
Continue ReadingHow to Choose One Business Over Another
What makes one business better than another when you are buying a business? Some of the considerations are obvious. Others are not. As you explore the business landscape, keep in view these 12 markers for choosing a business. 1. Location Is the location of the business convenient? Is it close to your home? Is ...
Continue ReadingObligations of All Ontario Registrants (REALTORS®)
Real estate is a highly regulated business in Ontario. These regulations protect consumers, establish standards and provide for a method of delivering consistent, predictable and professional services. It also provides a means to discipline those that do not uphold those standards. Real estate professionals standards include regulatory (TRESA), fiduciary (legal) ...
Continue ReadingRent Relief Requests and Other Residential Real Estate Tenant/Landlord Issues
With Canada’s labor market still experiencing the lingering impacts from Covid-19; many tenants are trying their best to get by with less income, rising inflation and higher rents. At the same time the real estate market is hot and investors with rental properties want to sell to maximize the return ...
Continue ReadingBuying or Selling in Another Province
While certain industries are regulated federally, property laws are a provincial responsibility. Many of the provinces have similarities in their property laws, but even those are not exactly the same. What happens when a buyer or seller resides in one province and the home being bought or sold is in ...
Continue Reading10 Common Costs of Owning a Home
1-Property tax. May of the services you will enjoy in your new neighbourhood, from parks and recreation facilities to road maintenance and schools, are funded by property taxes. Rates vary widely from region to region and home to home. Annual taxes can top several thousand dollars in urban centres, so many ...
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