Selling your home with a mortgage is pretty common in Canada and beneficial to you in many ways. Whether you have a mortgage or not doesn't matter during a real estate transaction. All that matters is you have enough equity to pay off the pending mortgage at the time of...
What To Not Fix When Selling Your Property?
If you're planning to put your property on the market, you might be tempted to make it look like the cover of a home and garden magazine. But hold that thought—and your wallet! Not all fixes are mandatory and most won’t even add to your property’s selling price. First off,...
Is It The Right Time To Buy A Second House?
A second house is different from an investment property. It could be a weekend property, vacation home, or even a condo that you use as your home during the week. If a certain situation requires you to buy a second home, you can still find the best window where house...
Bank of Canada Might Lower Rates Due To Weak Economy
Buyers, sellers, realtors, and mortgage agents have all been waiting for mortgage interest rates to drop. Here’s an update on that topic. The US and Canadian economies are tightly connected to each other and most of the time the Bank of Canada changes rates depending on how the US is...
7 Strategies For Selling Tenant-Occupied Property
Selling a tenant-occupied property is all about balancing legalities with tenant relations. As Ontario’s market is slowly turning into a buyer’s market, tenant-occupied properties might stay up on the market for longer. If your intentions are clear, the very first thing to do is inform your tenant. Give them ample...
How Does Land Transfer Tax Work In Ontario?
Whether you're eyeing a charming Victorian home in Toronto's Annex or a sleek new condo in Ottawa, land transfer tax is more than just a line item on your closing documents. In this blog, we'll explore how it affects both resale and pre-construction properties, who is exempt from buying the...