December 15, 2020
When a real estate salesperson is licensed to trade in real estate, he is licensed under the Provincial Real Estate and Business Brokers Act. He is licensed to sell real estate, bricks and mortar, and he is licensed to sell businesses. Often they are combined where a buyer is buying both an operating business and the building from which it operates. And while that is the optimal situation it is not always the case. The real estate and the business within it are two separate things, and need to be treated as such.
December 15, 2020
As one would expect, the market experiences a slowdown in activity as we approach year-end. This year, the deceleration was much more gradual than it has been in past years. But things are definitely showing signs of taking a breather as we move into the latter part of November. Across the Region, a total of 739 sales were registered in November which is down 21.96% from the October’s 947 tally. Having said that, the number of sales was still up a respectable 24.0% from the 596 figure of November 2019.
December 15, 2020
The holiday season is quickly approaching, with still so many uncertainties of how we will be able to celebrate.
November 16, 2020
Over the years RE/MAX Garden City has had the privilege of meeting and working with a number of fine people. People who greatly enrich your life simply because of who they are. One of those very special individuals was a man named Tony Tripodi. Tony joined RE/MAX Garden City Realty back in 1987 and brought with him not only 18 years of experience in real estate but also the enormous respect he had earned in the industry. Over the next 33 years he proved to be not only an outstanding realtor and co-worker but also a dear friend to many.
November 16, 2020
So, you are looking to purchase a second property! Congratulations! This is a great opportunity for you to expand your financial portfolio and ensure stability for the future
November 16, 2020
Forgive me, but today I am going to rant! I think you all know I believe in real estate investment. That hasn’t changed. And the basic premise of the Money Machine seminar is developing an investment portfolio, largely composed of residential rented property that will provide you with a steady stream of passive income into retirement. That hasn’t changed. But I believe I have a responsibility to tell both sides of the story. The good as well as the bad. And while being a residential landlord has always had its challenges, in some ways it’s getting tougher still.
November 16, 2020
As expected, moving into the late fall and early winter months, the market activity slows somewhat. People are simply less likely to buy a home in December and January as compared with April, May and June.
November 16, 2020
In your typical real estate transaction, a purchaser is required to deliver to the seller the balance of the purchase price after adjustments in the form of “a bank draft, certified cheque, or wire transfer”. Law offices have traditionally preferred certified cheques for several reasons. First, a certified cheque ensures the funds are available in the account it was issued from. This avoids the recipient bank’s requirement to hold large sums for several business days before they are cleared. A second reason why certified cheques have been the industry standard is that firms acting on opposite sides of a deal are often close to each other. This meant that on closing day, the lawyers would exchange certified funds and keys directly with the other law office.
October 15, 2020
When a couple owns real estate together and have decided to sell their home and live separate and apart, a separation agreement will be necessary. This is true whether the couple is married, common-law, or are partners in a short-term relationship. This article focuses on the importance of understanding the equity in your home, considers what issues might be covered in an agreement, and explores when a party should seek legal assistance for the purpose of having a separation agreement prepared.