Most Home Inspectors are quite legitimate. They are professionals who take their business seriously and conduct their business affairs in accordance with sound ethical practices. Then, there are the …
Five Financial Reasons for Home Ownership
Would like to buy some real estate! In particular, are you thinking about buying a house. Let’s summarize the principal financial advantages: 1) use of rental income2) use of leverage3) …
Do You have to Close on a Hoarder’s House?
Well, if they have moved everything out, then you do; but what are your rights if they still have piles of junk left behind? To some extent, the answer depends …
Detached or Semi-detached?
By Brian Madigan LL.B. This is an interesting question. The property quite clearly had been the west side of a semi-detached pair of buildings. So, what happens now that …
Termination of Utilities Clause where Building Permit Is Required
In Toronto’s hot real estate market some people are looking for lots not buildings. But, there are no lots, just properties in decent locations with old buildings upon them. So, …
Land Transfer Taxes in Ontario
In Ontario, there is a land transfer tax which is imposed when transfers of land take place. A key concept is the actual transfer of land. So, the registration of …
Understanding Debt Service Ratios
This is really the first step in the buying process. Before you can buy property, you will need to qualify for a mortgage. There are, of course, exceptions: you could …
Can You Revive an Old Agreement?
The answer is “no”, but a lot of people don’t believe it. Let’s assume that Bob puts in an Offer to buy Bill’s property. The offer is accepted and contains …