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 ReadingUnderstanding the Professional Obligations Behind Real Estate Representation When you hire a real estate professional in Ontario, you are not simply paying someone to find a property, market a home or prepare an Agreement of Purchase and Sale. Registered real estate professionals operate within a regulated framework that establishes important ...
Continue ReadingFederal money laundering and anti-terrorist financing rules require real estate agents and brokers to collect personal identification information from buyers and sellers. It is the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) that requires financial institutions and real estate agents, among other professionals and services covered ...
Continue ReadingBuying or selling real estate in another province can seem more complicated than completing a transaction close to home, but in most cases the challenge is not the transaction itself. It is the additional coordination required when the property, the client and the professionals involved are located in different jurisdictions. ...
Continue ReadingI 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. Written by Rodney Harvey, Broker of Record at Konfidis, Brokerage providing advisory-focused commercial, ...
Continue ReadingAdequate 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 ReadingMembers 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 ...
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