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Do You Really Need a Real Estate Lawyer?
I’m savvy in real estate. I’ve bought and sold three properties over the past six years and know what I’m doing. Do I really need a lawyer? Regardless of how comfortable or how many properties a person has purchased or sold, each transaction is unique and should be approached as such. ...
Continue ReadingFederal Government’s Regulations on Prohibition on the Purchase of Residential Property by Non-Canadians Act
On Sunday, February 4, 2024, Finance Minister Chrystia Freeland announced the federal government’s intention to extend the Prohibition on the Purchase of Residential Property by Non-Canadians Act (foreign buyer ban), which was first introduced in 2023, by two years to January 2027. The Canadian Real Estate Association (CREA) believes the federal government’s intention to extend the ...
Continue ReadingPreparing for Your Mortgage Renewal: Tips to Ease the Stress of Higher Payments
Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated interest rates. An estimated 2.2 million mortgages have either come up for renewal in 2024 or are set to renew in the coming year, according to ...
Continue ReadingThe Multiple Listing Service® And Your REALTOR®
Like other professionals, a REALTOR® is as good as the information at his or her disposal. The Multiple Listing Service® is a co-operative system used by REALTOR® Members of Canada’s real estate boards. It is different than the consumer websites realtor.ca and listings.trebhome.com, which offer a brief description of most properties ...
Continue ReadingOshawa Landlord’s Asking for a New One-Year Lease
After a tenant completes a one-year residential lease, can a landlord legally require them to sign another fixed-term agreement or vacate the property? Short answer (in Ontario): No — the tenant does not have to sign another one-year lease, and the landlord generally cannot require them to move out just because ...
Continue ReadingShould You Worry about Competing Listings?
Imagine you’ve been waiting for the right moment to sell your home and you’re finally ready to list it. But, just as you’re about to put up the sign, you notice that a few other FOR SALE signs have unexpectedly popped up in the community. Oh no! Now there are competing ...
Continue ReadingDiversity, Equity, and Inclusion
Diversity Diversity refers to the presence of difference in any given setting. In context of diversity, equity and inclusion (DEI) work, we are often referring to diversity of identity. Diversity of identity refers to several aspects of our identity that make up who we are. Some examples of identity factors include ...
Continue ReadingReal Estate Negotiation Tactics that Work
Real estate negotiation sounds easy on paper, but in practice even small mistakes can sink deals. You need to understand psychology, strategy, and a shifting market to get the best outcome. Not easy! Negotiating is an art, a skill and a science. In the world of real estate, understanding how to ...
Continue ReadingOntario Fair Housing Laws: An Overview
Do you know about Ontario's fair housing laws? Hey landlords, this one's for you! Think of the fair housing laws as a set of rules to make sure everyone gets a fair chance when looking for housing. It means no one is left out or treated badly because of who ...
Continue ReadingOpen House Questions Some Buyers Forget to Ask
An Open House is an event. And, like many events, it’s easy to get caught up in all the excitement and energy. In fact, when you visit an Open House, you might even end up rubbing elbows with other buyers who are there at the same time. It can feel ...
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