I think that it is important for investors to have a “waterfront property”. That’s where the long term value will be in rural and vacation areas. In terms of value: …
Seller wants to Close but Stay in Possession for Two Weeks
Question: For a variety of reasons we have a situation where the Seller needs to close on the house sale, so that they can purchase their smaller property. Neither have …
Husband’s Right to the House after Wife’s Passing
Question: Husband and wife live in home. Wife is the only one on title. Wife passes away. Does home automatically transfer ownership or does it have to be willed? Answer: …
Downsizing for Seniors: Assembling the “TEAM”
We looked at the definition of “seniors” and concluded that we required two elements: 1) some kind of age related issue, and 2) a lack of independence. Otherwise, we are …
Downsizing for Seniors: The “Project”
This can be a difficult and challenging project. There are several issues to take into consideration: Assembling the Team, Finding a suitable location, Finding a Property within the Right Price …
Who is a Senior?
That’s an interesting question. There are Seniors and then, there are senior Seniors. I do appreciate that anyone over 55 can get a certain discount as they travel. That’s just …
Corporation’s Right to Evict for Personal Use
Question: The Tenant pays rent to a corporation the registered owner of a house. Can the person who bought the house under the name of the corporation give the tenant …
Power of Attorney Use
QUESTION Helen, the daughter holds a Power of Attorney (POA) from her mother Gertrude, who has been diagnosed with dementia. Gertrude called a real estate agent to list her property …
Joint Tenancy Issues in Ontario
Question: Bob and Martha are brother and sister, they were left a house by their mother, as joint tenants. Martha dies. Can you list the property right away, on Bob’s …
Estate To Uses
An estate means an “interest in land”. An estate to uses, is short for “to such uses as the settlor may appoint”. In this case, we have a trust for …