August 16, 2021
We’ve been tracking the market pretty closely month by month, especially since the brisk run we saw in 2017, the impact of the Government imposed foreign buyers spec. tax and mortgage stress test in the Spring of 2017, then the unprecedented world-wide pandemic commencing in the Spring of 2020. All these have had an impact to be sure. What we want to do, if we can, is try to examine market fluctuations in the light of these events, factoring in normal seasonal changes and see if we can see patterns and trends. The idea is to get an overview as to how the market has responded to date and see if we can get a handle perhaps on where it is going in the future.
August 16, 2021
In the last couple of issues of our newsletter we’ve looked at the process of evicting a tenant because either the current owner/landlord requires the premise for his own use or that of his immediate family, or he is selling the property and is giving notice to the tenant on behalf of the new owner who does. We saw that the process is initiated by serving the tenant with an N12 Eviction form. And we also saw that the process can be enforced in a timely manner by simultaneously submitting an L2 Application with the Board.
July 10, 2021
July 10, 2021
One of the fundamental terms of your sale contract is the date for closing. So, what happens if a purchaser states that they cannot close on time? This situation is called anticipatory breach and the purpose of this article is to discuss the rights and options available to a seller when a purchaser indicates they require an extension or that they cannot close the transaction at all.
MORTGAGE NEWS - BUILDING YOUR OWN HOME? 5 THINGS TO CONSIDER. Building a house is an exciting adventure and the ultimate way to customize your home. To ensure you have the best experience, I have put together 5 important things to know before getting started.
THE MONEY MACHINE - EVICTING A TENANT – PART II. Last issue we looked at the process involved in evicting a tenant. We saw that the Residential Tenancies Act provides means for a landlord to evict a tenant not only for objectionable behaviour (non-payment of rent, property damage, disturbance to others, etc.) but also because the landlord, either current or newly acquired, needs the unit for himself or for his immediate family.
