Canada to Tighten Mortgage Lending Laws
Canada to Tighten mortgage lending laws With Canadians taking on more than 2.5 trillion dollars in mortgage debt, the Bank of Canada has warned that this – as well as the red-hot housing market – may lead to devastating economic shocks. In response to this, Canada has tightened mortgage lending laws. The rise in mortgage […]
Is the Pandemic a Draw to Create and Update Your Will?
Is the Pandemic a draw to create and update your will? According to a 2018 survey by the Angus Reid Institute, 51% of Canadians did not have a will or last testament, while 35% of Canadians had one that was out-of-date. However, during the pandemic, more Canadians are evaluating their end-of-life plans. With physical distancing […]
How to be the Smartest First-Time Home Buyer, Ever
…and we mean Ever. Here is a collection of the very best tips to buy your first house or condo the smart way. Do the math: Are you financially ready? Saving up for a house: it’s not just the down payment! There are other closing costs involved, including various legal and administrative fees, insurance costs, […]
Help! The Homebuyer Failed to Deliver the Deposit
Help! the homebuyer failed to deliver the deposit In Ontario, deposits are due 24 hours following the acceptance of an Agreement of Purchase and Sale, unless otherwise agreed to or specified within the Agreement. During the pandemic, however, offers have been made and accepted via email. This practice has led to a recent trend where […]
BBQ-ing on my Condo Balcony: What are the rules?
With summer just around the corner, we are all looking forward to BBQ season! But before you find yourself dreaming of grilled steaks and juicy burgers, make sure you verify that you can barbecue on your condo balcony. If you find yourself asking, “Can I BBQ on my condo balcony?” this article is for you. […]
5 Things to Know About Kitech Plumbing
5 Things to know about Kitec Plumbing https://youtu.be/EYuldBkEz0w Whenever I review a status certificate for a condominium buyer and it says that the unit contains Kitec plumbing, it will raise a red flag, especially when this was not disclosed to the buyer in advance. Here are 5 things to know about Kitec plumbing and how […]
Investing in Pre-Construction Condos
Investing in Pre-construction Condos: what you need to know Why would anyone invest in a pre-construction condo? Getting in early at the development stage, when prices are lowest Control in choosing the developer and location Access to a lucrative investment opportunity But simply owning a condo may not earn you any money as it could […]
Choosing the Right Real Estate Lawyer
Your future home is the most important and most expensive purchase that you will ever make. You will have to make several critical decisions, including choosing the perfect location and type of house you want and which Real Estate Lawyer you will hire to close the sale before you finally receive the keys to your […]