Author name: Hamid Asrar

It has been a difficult few years for aspiring homeowners with the increased mortgage interest rates, lower appraisals, and a more stringent mortgage stress test by financial institutions in reviewing mortgage applications. As a result of these changes, there has been a significant decline in the real estate market across Canada and especially, Ontario. In

You may have been told by a friend or come across an advertisement for a property for sale significantly under market value by the municipality. You learn that the property is under a tax sale and you want to bid on it, but like a well-informed investor, you want to learn what you are getting

Buying a newly built home is an exciting milestone. Many buyers assume that purchasing a brand-new house means avoiding common real estate headaches—no hidden defects, no previous owners, and no unexpected repairs. However, while a new build comes with benefits, it also presents unique challenges that buyers should be aware of. New Home, New Challenges

The real estate market in Ontario is going through a big shift, the home values are fluctuating, and the interest rates have increased exponentially over the past 5 years. The banks are also becoming more stringent in their mortgage qualifications. Because of these factors, it is becoming more and more common where a buyer signs

Power of Sale vs. Foreclosure: What’s the difference in Ontario? Learn about the legal processes, costs, and rights of borrowers and lenders. Read more to understand which option lenders prefer and why.

The Agreement of Purchase and Sale (the “APS”) is the most important document in any real estate transaction in Ontario. It is a legally binding contract that outlines the terms and conditions of the sale of a property between a buyer and a seller. The APS is typically prepared by the seller’s real estate agent

Far too many times a week I receive a call from a prospective client with a question regarding taxes related to real estate transactions. We all hate to think about taxes, but there is no escaping them – even in real estate. The subject of taxes is far too complicated and vast of a topic

First of all, what is a private mortgage? Well, private mortgages are no different than standard (bank) mortgages with the exception that the lender is usually an individual, a group of individuals or a private Corporation. Similar to a standard or institutional mortgage, a private mortgage is secured and registered against the title to your