November 15, 2022
Renovations and land development is expensive. There is no end to the surprises that could add great cost to your project. No one anticipates uncovering a burial plot when putting in a pool, expanding a driveway, building a deck, or adding a garage to their property. In Ontario, under the Funeral, Burial and Cremation Services Act, 2002 homeowners are required to immediately notify the coroner or police of any human remains discovered on their property.
November 15, 2022
If you’ve ever taken one of my Money Machine Seminars, you’ll know I espouse a very simple plan for real estate investment: Buy one property a year for 10 years, never amortize for more than 15 years and never sell. A good many of you have over the years followed that simple plan, and in fact have gone far beyond that 10-property template. The first one or two properties are by far the hardest to acquire. It gets simpler as you go along. Your equity grows. Financing gets simpler. And quite frankly growing your portfolio gets addictive. But it raises the question, especially when you are just getting started of what to buy.
November 15, 2022
The fall is the perfect time for a credit clean-up so that you are ready for the holiday spending season – and anything else the year can throw at you!
Traditionally in Ontario, a change in one’s marital status would revoke their will. A will made by a single person was revoked upon marriage, a will made by a married couple was revoked upon divorce – only divorce, legal separation was insufficient.
October 17, 2022
October 17, 2022
Canada has seen a surge of international migration over the last few years. With all these new faces in town wanting to plant roots in this great country, it’s a good time to review some of the details surrounding mortgages and how individuals new to Canada can qualify to be homeowners.
October 17, 2022
People often ask “can you sell a property that does not comply with current fire retrofit requirements?” The simple answer to that is yes, the building can be sold, but it is important that the buyer be aware of what he is getting and the possible ramifications that can arise down the line if the deficiencies are not identified and remedied.
September 15, 2022
When purchasing shares in a corporation or allowing new investors to buy shares in your corporation, you should consider a Shareholder’s Agreement to help govern your company. There are a few different clauses you may want to consider, one being the “shotgun” clause, sometimes referred to as the buy-sell clause. After reading this article, you will better understand the “shotgun” clause and know precisely where to seek legal advice.