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Ways to Make Your Home Accessible for All Ages
As multi-generational families are opting to live under one roof, homeowners may want to renovate to accommodate this growing demographic. Here are some tips to create an inviting home, while also maintaining universal appeal for all occupants regardless of age. Keep your options open When planning renos, keep your floor plan ...
Continue ReadingWhat Investors Should Know Before Creating a Second Suite in Ontario
Creating a second suite can help investors: increase rental income, improve property cash flow, support multi-generational living, and enhance long-term property value. However, many investors underestimate the complexity involved in converting a property into a legal and properly functioning second suite. A second suite project may involve: zoning review, building permits, fire ...
Continue ReadingWhat Real Estate Consumers Should Expect From Their Brokerage
Real estate transactions often involve significant: financial commitments, legal obligations, negotiations, timelines, and long-term consequences. However, many consumers are unclear about: the role of a real estate brokerage, what services should reasonably be expected, and how professional representation is intended to protect consumers throughout the transaction process. A real estate brokerage should ...
Continue ReadingThe Difference Between Transactional Sales and Professional Advisory
Not all real estate services are structured the same way. Some real estate professionals operate primarily through a: transaction-focused, sales-oriented, volume-driven model, while others approach real estate through a: professional advisory, risk-management, and long-term decision-support framework. Understanding the difference matters because real estate transactions often involve: significant financial commitments, legal obligations, operational consequences, ...
Continue ReadingWhat Commercial Tenants Should Review Before Signing a Lease
Signing a commercial lease is one of the most important financial and operational commitments many businesses make. However, commercial tenants sometimes focus heavily on: monthly rent, location, or square footage while overlooking important legal, operational, and financial provisions hidden within the lease structure. Unlike many residential leases, commercial leases in Ontario are ...
Continue ReadingCCHR – Help Stop Discrimination in Housing
The Canadian Centre for Housing Rights (CCHR) is Canada’s leading non-profit organization working to advance the right to housing. For the first 35 years of their existence – from 1987 until 2022 – CCHR was called the Centre for Equality Rights in Accommodation (CERA). The Canadian Centre for Housing Rights is ...
Continue ReadingImpact of Mortgage Rate Decreases with Property Price Increases and New Mortgage Enhancements
There are several important messages that I want to share with you that I have been discussing with my clients. Mortgage rates are dropping, unit sales are increasing, inventory is high, and prices are stable, but too many buyers continue to sit on their hands. For many market segments, especially condos, ...
Continue ReadingCommission Rebates May Have Tax Implications
A real estate commission rebate is a portion of the real estate agent's commission that is legally returned to the buyer after closing. This is a legitimate practice in Ontario, overseen by the Real Estate Council of Ontario (RECO), and must be put in writing, often in a Buyer Representation ...
Continue ReadingEscape Clauses : Taking New Offers After Selling Conditionally
Can a home seller consider other bids after accepting a conditional offer? The short answer is yes, but you have to be cautious. A seller can consider additional offers even after signing a conditional offer. This is because the sale is not final and binding on both parties until all the conditions ...
Continue ReadingWhat Do I Need to Know About Putting in an Offer on an Estate Sale?
While buying a home through an estate sale can be like purchasing any other resale property in many ways, there are a few key differences that are important to know. When you come across a property listed for sale, the homeowner is usually the seller. However, if the homeowner has died, ...
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