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 »
A Notice of Security Interest (“NOSI”) is a lien against personal property or equipment that is secured against the title to your home to secure outstanding payments. Often homeowners will consider purchasing equipment for their home from a company under contract with a payment plan, such as: water filtration and/or purification systems heating, ventilating, and
WHAT IS A NOTICE OF SECURITY INTEREST? Read More »
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
PRIVATE MORTGAGES – KNOW WHAT YOU ARE GETTING INTO Read More »
The Ontario real estate market has been a hot topic for the last few years, and we’ve seen some unprecedented times with house prices hitting record levels. With that being said, recent data shows that the real estate market has slowed down after the Bank of Canada’s last interest rate increase. If interest rates continue
INTEREST RATES AND THE HOUSING MARKET Read More »
Just when you think you couldn’t be taxed any more, another tax gets thrown at you. No need to worry if you don’t live in Ottawa or Toronto, but if you do live in these two areas then you may be impacted by the new Underused Housing Tax, also known as the Vacant Home Tax
WILL YOU HAVE TO PAY THE NEW VACANT HOME TAX? Read More »
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