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Scam Alert: Fraudsters Are Targeting Real Estate Deposits Through Email
RECA is warning consumers and licensees about a recent scam where a fraudster intercepted legitimate real estate communication, which resulted in a buyer sending their deposit to a fraudulent email address. What Happened During an active real estate transaction, a fraudster gained access to the communication stream between a buyer’s licensee and ...
Continue ReadingWhat’s the “Emotional” Return on Investment of a New Home?
Chances are, you’ve heard the expression, “Your home is your biggest investment.” For most homeowners, that’s true. So, when you’re shopping for a new home, it’s important to consider the financial opportunity of any purchase. Ideally, you want a home that is likely to increase in value over time. In other ...
Continue ReadingA Checklist for Buying Commercial Industrial Spaces
Buying your first commercial industrial property needn’t be a daunting experience. You just need to have some basic knowledge and overcome the myths surrounding commercial property. If you’ve never purchased a commercial property before, you’ve probably heard the rumours about buying an industrial space. Do any of these ring a bell? ...
Continue ReadingWhen Selling Your Home, Keep Safe with These Client Tips
While we don’t often think of real estate work as dangerous, it can be. Selling your home – whether you’re downsizing, upsizing, or relocating – is an exciting time. It can also be nerve-racking: not only are you preparing for a move, but you’re also opening your home to strangers, who ...
Continue ReadingFree Home Sellers Guide Book
I 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 conditions ...
Continue ReadingDo You Really Need a Real Estate Lawyer?
I’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 such. ...
Continue ReadingPreparing for Your Mortgage Renewal: Tips to Ease the Stress of Higher Payments
Millions 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, according to ...
Continue ReadingThe Multiple Listing Service® And Your REALTOR®
Like 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 properties ...
Continue ReadingLandlord’s Asking for a New One-Year Lease
After 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 because ...
Continue ReadingShould You Worry about Competing Listings?
Imagine you’ve been waiting for the right moment to sell your home and you’re finally ready to list it. But, just as you’re about to put up the sign, you notice that a few other FOR SALE signs have unexpectedly popped up in the community. Oh no! Now there are competing ...
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