The search for your dream home is an exciting, albeit frenzied, endeavor. It is filled with endless possibilities; do you want to live in the city or suburbs? Will you live in a condominium, townhouse or a detached home? This is essentially the fun part of home buying before you ...
Continue ReadingHave you made capital gain? That’s great news, because this influx of cash from selling your assets will improve your financial health. However, these benefits may be taxed. Here, I answer seven common questions. 1. What is capital gain? Capital gain represents the profit you make when you sell, entrust, ...
Continue ReadingConditional clauses are one of the most important risk-management tools available in Ontario real estate transactions. However, in competitive markets, buyers and sellers sometimes focus heavily on: price, closing date, or offer timing while underestimating the importance of carefully structured conditions and due diligence protections. Conditional clauses are not simply ...
Continue ReadingUnderstanding the Professional Obligations Behind Real Estate Representation When you hire a real estate professional in Ontario, you are not simply paying someone to find a property, market a home or prepare an Agreement of Purchase and Sale. Registered real estate professionals operate within a regulated framework that establishes important ...
Continue ReadingWhat makes one business better than another when you are buying a business? Some of the considerations are obvious. Others are not. As you explore the business landscape, keep in view these 12 markers for choosing a business. 1. Location Is the location of the business convenient? Is it close to your ...
Continue ReadingFederal money laundering and anti-terrorist financing rules require real estate agents and brokers to collect personal identification information from buyers and sellers. It is the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) that requires financial institutions and real estate agents, among other professionals and services covered ...
Continue ReadingWhile certain industries are regulated federally, property laws are a provincial responsibility. Many of the provinces have similarities in their property laws, but even those are not exactly the same. What happens when a buyer or seller resides in one province and the home being bought or sold is in ...
Continue ReadingMy salesperson showed us two property listings and, in both instances, we wanted to submit an offer. But the properties were sold before the posted offer date. How can this happen? In a seller’s real estate market, you can expect to find that more than one buyer is interested in ...
Continue ReadingIn competitive Ontario real estate markets, sellers may occasionally receive what is commonly referred to as a “bully offer” or “pre-emptive offer.” These offers are typically submitted: before the scheduled offer presentation date, and are often designed to pressure the seller into accepting early before competing buyers have an opportunity ...
Continue ReadingInvestment real estate can be a powerful long-term wealth-building tool, but purchasing the wrong property — or purchasing the right property without proper due diligence — can create significant financial and operational challenges. In Oshawa and across Durham Region, investment activity has continued to attract: first-time investors, multi-residential buyers, assignment ...
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