Keep yourself updated on the forever changing real estate legalities
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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A buyer cannot cancel an accepted Ontario agreement by refusing to pay the deposit. Here is what sellers can claim, how courts treat unpaid deposits, and what buyers and sellers can do.
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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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Canada has no inheritance tax, but an inherited house still raises tax, probate and title questions. Here is how an inherited home is transferred in Ontario, and what to do whether you keep it or sell it.
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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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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.
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