Keep yourself updated on the forever changing real estate legalities
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.
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Buyers and sellers have already started planning for September 30, 2021, with many real estate closings already scheduled across Ontario. Movers have already been retained.
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There are some situations where a buyer has succeeded in a late-night bidding war and has had buyer's remorse the following day. In many Ontario real estate agreements, the deposit is payable within 24 hours of acceptance.
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Sellers who signed agreements four months ago saw similar homes sell for more money. They then try to cancel their agreement and sell to someone else for more money.
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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.
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Canada's largest cities – including Vancouver, Toronto, Hamilton, and Ottawa – are consistently featured in lists of the least affordable markets in the world.
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A quick google search will show you tons of online companies that promise to help you incorporate your business at a reduced cost – but there's a catch.
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During the pandemic, however, offers have been made and accepted via email. This practice has led to a recent trend where buyers are not providing the deposit for accepted offers.
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How Do I Inherit a House in Canada?
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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, renovations to be made, new appliances and other items that need to be purchased.
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