July 31, 2020
July 15, 2020
In normal times the Re/Max Garden City Social calendar would be pretty full. Golf tournaments, bowling outings, staff parties, etc etc. But these are not normal times. The last actual structured event we celebrated was our Awards Gala, back the first week of March. A week later the province shut things down. All group gatherings, social events, celebrations put on hold due to COVID-19.
July 15, 2020
Spring is a great time for cleaning out your home and your finances. A part of this for many people includes refinancing your mortgage. There are a variety of reasons to refinance, which can range from wanting to leverage large increases in property value or get equity out of the home for renovations. In some cases it could be due to life events such as divorce, a new relationship, kids going off to college or simply consolidating debt.
July 15, 2020
Some time ago, the Government identified two distinct problems within the housing sector in Ontario which they set about to rectify. The first was availability. In many municipalities in the province, especially around the Golden Horseshoe rental units were extremely hard to come by. Vacancy rates were at or below 2%. Good for landlords. Not so good for tenants.
July 14, 2020
While COVID-19 has had a profound impact on every aspect of the Canadian economy, it has not affected all industries in the same way or to the same degree. We have seen the retail section, especially malls totally shut down as we on a National scale, a Provincial scale and at a municipal level seek to contain the transmission of the disease. Restaurants, hair salons, all were temporarily mandated to close. And while other industries such as travel may have been allowed to continue, wary travellers and geographic barriers ground them almost to a halt.
July 14, 2020
If you are considering investing in real estate with another person, it is important to set out the ground rules in advance of your purchase. A co-ownership agreement is a common way for parties to identify their respective rights and obligations. The purpose of the co-ownership agreement will vary depending on whether one or more of the owners intend to live on the property being purchased. Lets first consider a scenario where two individuals who wish to co-own a property both intend to reside there. Second, we will discuss investment into rental properties and discuss the opportunities and challenges of co-ownership in this context.
June 15, 2020
Sometimes when life is running on all cylinders it’s just too busy to analyze what you are doing and make refining adjustments. But that’s one thing COVID-19 has allowed us to do. Step back. Look over our systems of operations and make some long overdue updates.
June 15, 2020
In the standard OREA Agreement of Purchase and Sale clause, 8 and 9 are related and they are important to note. Clause 8 states that the Buyer (actually his lawyer) shall have until a certain date and time to examine title to the property to see if, among other things, it’s present use may lawfully be continued, and Clause 9 goes on to point out that there is no representation or warranty that the property can lawfully be used for anything other than it’s the current use.
June 15, 2020
Spring is one of the busiest seasons for retail activity as the good weather gives people lots of time for decluttering, showing the home, garage sales, packing and moving into your new space! Buying a home is an extremely exciting and fulfilling adventure, but before you get started let’s go through some of the most important things you need to know before you buy a home.