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Preparing 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 Reading2025 Changes Impacting Real Estate
New lending regulations came into effect at the end of 2024, aimed at improving accessibility for both first-time buyers and existing homeowners. Changes include the expansion of eligibility for 30-year amortizations on insured mortgages to all first-time homebuyers and all buyers of newly constructed homes, an increase from the previous 25-year ...
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 Reading10 Great Reasons for Using a REALTOR®
1-Working with a professional provides peace of mind. REALTORS® adhere to a strict code of ethics, are insured and are committed to ongoing education. They have intimate knowledge of sales and trends in the local marketplace and their knowledge of contract law also ensures the paperwork is handled correctly. 2-Get information on ...
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 ReadingWhat Every Homeowner Needs to Know About Toronto’s New Vacant Home Tax
All homeowners will need to declare the status of their property as part of an effort to crack down on real estate investors and improve housing Letting a home sit empty in the middle of a housing crisis will now cost you, with the introduction of Toronto’s vacant home tax on ...
Continue ReadingFlipping a House? Your Gain Could be Fully Taxable Under This New Rule
Don't forget, the new residential property flipping rule, introduced in Budget 2022, is now law. This rule was included in Bill C-32, which received Royal Assent on December 15, 2022. The new rule deems profits from a “flipped residential property” as business income to target individuals that misclassify these profits as ...
Continue ReadingWhat Do You Need to Know Before Buying Multi-Family Real Estate?
Buying a multi-unit, meaning a building with five or more units, can be a great opportunity for investing in real estate. But before diving in, it’s important to know everything that’s involved with such a purchase, and the requirements that come with it. Here’s my advice if you’re interested in ...
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