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The Requisition Date: Explained

By |2021-04-05T09:39:34-04:00April 4th, 2021|All Posts|

If you’ve bought or sold a resale home in Ontario, chances are you’re familiar with the standard-form Agreement of Purchase and Sale by OREA. This agreement is widely used by many Real Estate practitioners across the province...myself included. The Agreement provides a thorough and easy to understand agreement for buyers and sellers. Included in this [...]

A Guide to The Planning Act

By |2021-04-01T13:00:02-04:00March 15th, 2021|All Posts|

Or, Why You Can’t Sell your Home, Unless You Can. Since the posting of our Complete Guide to Easements in Ontario, we continually field calls from homeowners with land division questions. Property owners in Ontario continually request modification, creation or deletion of easements. The general consensus from the population at large seems to be: “If [...]

Legal Basement Apartments in Ontario

By |2021-04-01T12:20:32-04:00January 1st, 2021|All Posts|

Basement Apartments are growing in popularity in Ontario. For the homeowner, a basement apartment represents the opportunity to make a little extra money, pay off the mortgage quicker, or perhaps more room for extended family. Those getting started in life typically prefer basement apartments for their lower entry cost and lack of maintenance. But is [...]

A Guide to Expropriation in Ontario

By |2020-12-31T00:03:09-05:00December 31st, 2020|All Posts|

Before buying a property, it's important to investigate all angles. You've likely heard it said: "Location, Location, Location." Todays buyers are constantly reminded that, while one can modify structural deficiencies and irregular layouts, location of Real Estate never changes. Proximity to public services, such as transit and healthcare can be a large convenience and make [...]

Buying a Condo in Toronto

By |2020-12-29T13:56:54-05:00December 29th, 2020|All Posts|

The Guide to Condo Ownership The process of buying a condo in Toronto is romanticized. Movies, TV, and commercials, while enticing you into the process, fail to illustrate the grueling effort required to make your dream a reality. Most first time homebuyers in Toronto are condo buyers. The lower entry price point of a condominum, [...]

Analyzing The Real Estate Risk While Waiting For a Vaccine

By |2020-09-22T15:22:58-04:00September 22nd, 2020|All Posts|

To say the that the current COVID-19 global pandemic has affected every economy in the world would be no understatement, and the real estate market is no exception. As if this wasn't bad enough, difficulty in analyzing the extent of the pandemic's longer-term effect on the market is exacerbated by the contradictory opinions from experts [...]

Ontario Government Announces Proposal to Freeze Rent in 2021

By |2020-09-22T15:20:04-04:00September 22nd, 2020|All Posts|

The Ford government has announced their plans to bring forward legislation to freeze rent in Ontario at the 2020 levels. The Ontario government sets out a yearly guideline for the maximum amount a landlord can increase rent to reflect inflation levels. These guidelines do not apply to residential units that were first occupied after November [...]

Mandatory Registration for Toronto Short-Term Rental Units

By |2020-09-22T15:17:54-04:00September 22nd, 2020|All Posts|

In a news release on August 25, 2020, the City of Toronto announced that registration of short-term rental operators will now be required through the new online registration system. Starting September 10, 2020, short-term rental operators will be required to formally register with the City of Toronto before renting out a property for a period [...]

Toronto Real Estate Market Snapshot: August 2020

By |2020-09-11T14:38:46-04:00September 11th, 2020|All Posts|

The Toronto Regional Real Estate Board reported 10,775 sales in August 2020, up by 10.5% from the previous month and up by 40.3% year-over-year. Toronto Real Estate also saw an increase in the number of new listings with 18,491 homes listed in August 2020, up by 56.8% compared to August 2019. The average selling price [...]