Child Added to Title of Family Home

Joint Tenancy – Numerous Risks This may or may not be a good idea. At the outset, the advantage is to eliminate “probate fees”. Actually, that’s the estate administration tax, …

Icicles on the Roof

Insulation Upgrade If you have icicles on the roof, this basically means that you have either poor ventilation or poor insulation. The heat from the house is esaping. It’s melting …

Non-compliant Driveway

Driveway does not comply with Bylaw What is the best course of action for a new homeowner who just received a notice of two bylaw violations: The original driveway is …

Is Real Estate Local?

Not really, most of the value, pricing and amenities associated with real estate is available generally. It’s not “local”. It’s published on the internet. If you use Google, then, you …

First Floor Condos

Question: How much do you add to the list price of a condo if it is a main floor walk out unit of a building that houses mostly seniors. The …

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 …