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 […]
BUYER BEWARE: CONSEQUENCES OF BREACHING A PURCHASE AGREEMENT IN ONTARIO Read More »
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.
POWER OF SALE VS. FORECLOSURE IN ONTARIO: KEY DIFFERENCES EXPLAINED Read More »
The two most common ways for two or more parties to hold title (take ownership) of a property is by joint tenancy or tenancy in common. In a joint tenancy, the co-owners hold the property as a whole, with each person holding their own equal interest. The main benefit of joint tenancy is the right
JOINT OWNERSHIP OF PROPERTY: THE BASICS Read More »
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
AGREEMENTS OF PURCHASE AND SALE – THE GOSPEL OF REAL ESTATE LAW Read More »
Are you considering relocating? There are many factors to consider when contemplating relocating, such as job availability, safety, the housing market, climate changes, culture, adaptability and much more. Do you have children, dependents or pets? These are also factors to consider due to schooling systems, a pet-friendly environment and medical resources. Moving can be a
CONSIDERING RELOCATING? CONSIDER THIS FIRST Read More »
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
TAXES IN REAL ESTATE – THERE’S NO ESCAPING THEM! Read More »
A survivorship application is a legal process that helps individuals navigate property rights after a loved one has passed away. This application can only be completed within Ontario where property is held by two or more individuals, typically spouses, as “joint tenants” when one of them passes away. The surviving joint tenant(s) must initiate a
WHAT IS A SURVIVORSHIP APPLICATION? Read More »
My neighbour blocked a private road on their property and now I am unable to access my own property, what do I do? To determine your next course of action you need to understand the leading legislation behind this concept being the Road Access Act which was enacted in Ontario in 1978 with the premise
ROAD ACCESS ACT: CLOSING PRIVATE ROADS Read More »
Septic systems are a big deal when buying a home, especially in rural areas without city sewage. Knowing how they work, what upkeep they need, and potential problems can make a difference in your decision. What’s a Septic System? A septic system is setup to treat household sewage on-site. A septic tank collects waste, separates
SEPTIC SYSTEMS – WHAT YOU NEED TO KNOW (all the dirty details) Read More »
Most homeowners regularly review their home insurance policies and coverage to ensure they have adequate insurance in place in the event something were to happen to their home, such as fire or accidental damage. But what if something happens that impacts the title of your property? Will your home insurance policy protect you? The answer
IS YOUR HOME ADEQUATELY INSURED? Read More »
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