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 …
Why is that House Not Being Rebuilt?
There was a fire last May. The entire house was destroyed by fire. The Insurance Company paid to have the remainder leveled and the debris removed. That was 9 months …
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 …
Two Innocent Parties in Real Estate Fraud
That could be a problem! In fact, that’s how you lose your house. Let’s assume that Bob owns a house in the City and decides to rent it out for …
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 …
Downsizing for Seniors: Embracing Simplicity and Enhancing Well-Being
As seniors enter a new chapter in their lives, many find themselves contemplating downsizing. Transitioning from a large family home to a smaller, more manageable space can offer numerous benefits, …
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 …
Court of Appeal Considers Debts and Joint Tenancy
The Ontario Court of Appeal decided on 26 April 2023.that debts against the husband follow the husband’s interest only, and not that of the wife in a joint tenancy situation. …