Adequate housing is essential to one’s sense of dignity, safety, inclusion and ability to contribute to the fabric of our neighbourhoods and societies[3]. As the Commission heard in this consultation, without appropriate housing it is often not possible to get and keep employment, to recover from mental illness or other ...
Continue ReadingIn addition to all the usual taxes residents have to bear owning real estate; all non-residents selling or buying Canadian real estate are required to undergo some additional tax burdens made to deter non-resident investors from speculating in the housing market and ensure governments collect their due taxes. Without proper ...
Continue ReadingA home is usually the single largest investment that most people make in their lives. Achieving your dream can be made easier by taking advantage of various Government Programs for home buyers and property owners. Some of the programs are targeted to first-time buyers, while others apply more generally. Other ...
Continue ReadingWhen you buy a property, you buy any latent defects. This is why it’s important to properly inspect a property before making an offer to purchase. Patent Defects A patent defect is a defect that is obvious enough that it should be discovered during a reasonable inspection of the home. ...
Continue ReadingI just finished a new Home Sellers Guide Book. It’s a collection of how-to’s, checklists, and worksheets to help clients understand what to expect during the real estate selling experience. Click on this link to get a free copy. As a compliance-focused broker, I recommend clients not only understand market ...
Continue ReadingI’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 ...
Continue ReadingOn 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 ...
Continue ReadingMillions 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, ...
Continue ReadingLike 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 ...
Continue ReadingAfter 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 ...
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