New Capital Gains Tax Inclusion

Let’s consider the implications of the new capital gains tax inclusion. Scenario: Muskoka Cottage An elderly woman owns a cottage in Muskoka. She inherited it from her parents. Her principal …

Fire Insurance: Where did the Money Go!

We looked at an example, the other day: Acquisition Purchase Price: $1,300,000.00 Mortgage: $800,000.00 Fire Insurance: $500,000.00 House Value $500,000.00 At the Time of the Fire with Co-insurance clause: included …

Downtown Toronto Condos

Over the last 5 years just about every little piece of land in the central core has been turned into condos. Developers have had a field day. From the moment …

Gold (as Real Estate)

It is interesting that one of the best performing asset classes over a period of time has been gold. To some extent this is simply a reflection of economic instability, …

Rental Contracts were Induced by Fraud

In a recent case Thompson v. Ottawa Green Savings (12 September 2023), Justice Sally Gomery concluded that the rental of the air conditioner and water heater were induced by fraudulent …

Decluttering when Selling a Property

Decluttering when selling a property offers several advantages. Here are some of the key benefits: In summary, decluttering when selling a property helps create a visually appealing, functional, and well-maintained …

Tree Removal in Mississauga

The City of Mississauga has updated its by-laws concerning trees on private property and their removal. From the City website: “Tree Protection By-laws review The City of Mississauga updated the …