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.
June 15, 2020
June 15, 2020
The sales data is in for the month of May and it is really quite encouraging. Across the 10 regions we track monthly in Niagara there were 499 sales registered last month. And there are two ways of looking at it. It was down considerably from the 778 sales registered in May of 2019. That’s a drop of 35.9%. But at the same time that 499 figure is significantly higher than the 280 registered in April. Up 78.2%
May 18, 2020
Who would have thought? 2020 opened up to us as a year of great expectations. The economy was robust. The real estate market was soaring. It was going to be an amazing year. Who would have ever imagined that just over the horizon lurked a devastating monster that would effectively threaten the health and well being, even the very lives of people around the globe and bring the world economy almost to a stand still? And yet just a couple of months into the year that is exactly what happened. COVID-19.