What to do when you cannot close with the builder
Buyers who signed agreement for new homes or condominiums in the past 2-4 years are now having difficulties coming up with the money to close once their home is ready. In many cases the appraised value has decreased almost 20% and they cannot get a mortgage to close. Here are 5 important lessons to know […]
Why Home Buyers Need a Real Estate Lawyer in Ontario
Buying a home in Ontario is an exciting milestone, but it comes with legal complexities that require professional guidance. A real estate lawyer plays an essential role in ensuring your transaction is smooth, legally compliant, and stress-free. Here’s why working with a real estate lawyer is essential for Ontario homebuyers. Understanding the Closing Process The […]
5 Top FINTRAC Principles for Real Estate Brokerages
5 Top FINTRAC Principles for Real Estate Brokerages Based on my completed audits of the FINTRAC Policies and Procedures of Real Estate Brokerages across Canada in 2024, I have noted the following important principles that will assist a brokerage to comply with any FINTRAC audit. 1. Section A on the FINTRAC form showing the occupation […]
Do You Need a Real Estate Lawyer to Buy a House in Ontario?
Do You Need a Real Estate Lawyer to Buy a House in Ontario? Buying a home is an exciting yet complex journey, especially in Ontario, where the legal requirements for property transactions are specific and binding. Many prospective homeowners ask whether they need a real estate lawyer to buy a house in Ontario. The short […]
5 Things to Know About Title Fraud
5 Things to Know About Title Fraud By Mark Weisleder You have heard the famous expression “Who’s been sleeping in my bed”, from the story of Goldilocks and the three bears. How would you feel if you got home after an extended stay overseas and found out not only was someone else living in your […]
5 Things for Buyers and Sellers to Remember When Things Go Wrong with Their Real Estate Agreement
5 Things for Buyers and Sellers to Remember When Things Go Wrong with Their Real Estate Agreement When market conditions get rocky, both buyers and sellers in the market will begin to experience unexpected challenges that can lead to decreases in home value as well as challenges that lead to a deal-breaker. Buyers in the […]
5 Things for Real Estate Agents to Remember When Things Go Wrong
5 Things for Real Estate Agents to Remember When Things Go Wrong With a looming recession and the accompanying increase in economic volatility, real estate agents will begin to deal with an increase of deal-breaking on behalf of buyers in the market. The best way to ride out this time is to be prepared with […]
Here’s how Canada’s two-year ban on foreign home buyers affects your real estate purchasing power: What you need to know
Here's how Canada's two-year ban on foreign home buyers affects your real estate purchasing power: What you need to know Housing prices have risen meteorically over the last two years, and it is clear that a number of factors are affecting this – particularly foreign home ownership and real estate flipping. For many individuals, home […]
No More Bidding Wars: How Do the New changes to Ontario Real Estate Legislation Affect Home Buyers?
No More Bidding Wars: How Do the New changes to Ontario Real Estate Legislation Affect Home Buyers? In an attempt to cool down the housing market, new changes to regulations governing Ontario real estate will take place next year. This takes place in the introduction of a proposed “Home Buyer’s Bill of Rights”— legislation designed […]
New Changes to Ontario Land Speculation Taxes
New Changes to Ontario Land Speculation Taxes On March 30, 2022, the Ontario Provincial Government announced changes to the rules for when a property is purchased in Ontario by a non-resident. The change enacted by the province increases the tax payable from 15% to 20% of the purchase price. I have received a lot of […]