A New Code of Ethics for Ontario Homebuilders Introduced
As the demand for new houses continues to rise in Ontario it is no surprise that complaints about the home building process have risen too. Cities across the province have cited an uptick in building issues. Complaints range from unlicensed builders and contractors building homes, significant delays, increased costs to complete the home and general […]
Is Help On its Way for New Construction Home Buyers? The HCRA Says Yes!
The real estate market in Ontario is red hot and while bidding wars may have buyers discouraged, there is good news! Buyers purchasing new build homes now have an additional resource to help navigate the daunting world of home builders, vendors, and warranties. In February 2021 Ontario launched the Home Construction Regulatory Authority (HCRA). The […]
First-Time Home Buyer Incentive Program
In today’s real estate market, it is becoming increasingly more difficult for first-time home buyers to find and secure an offer on a property. Low mortgage rates and a limited supply of properties has led to an increase in multiple offers situations and properties being sold for well over the list price. This can be […]
Buying a Home Under Power of Sale? Proceed with Caution
With the price inflation in today’s current market resulting in homes becoming unaffordable for many, Buyers are turning to properties being sold under power of sale. While purchase prices on power of sale properties may be appealing, especially in this market, there are risks, clauses and conditions associated to proceeding with this type of purchase […]
Bridge Financing
In today’s real estate market house sales are continuing to move at a rapid pace. Both Buyers and Sellers are feeling the pressure in the ever-demanding market. If you’re thinking about either buying or selling, here are some things you may wish to do that might help lift some of that pressure. Assembling your team […]
I am Buying a Home for the First Time: Do I Have to Pay Land Transfer Tax ?
In Ontario, Land Transfer Tax is payable to the Provincial Government when you buy land or a home, or an interest in land or a home. This Land Transfer Tax is calculated based on the purchase price and must be paid on the closing date. If you are buying or acquiring an interest in a […]
Buying a Condominium in Today’s Market ? Think Twice Before Making an Unconditional Offer
COVID-19 has certainly not prevented the real estate market to rise. In fact, since the pandemic, the real estate market has been hotter than ever. However, a hot real estate market, comes with a larger price. Properties are being sold way above the listing price and Purchasers are making unconditional offers without conducting any due […]
COVID-19’s Effect on New Construction
After visiting numerous model homes and reviewing various floor plans, you entered into a Purchase Agreement to buy your dream home. Construction begins, you pick your finishes, and you can see your home taking shape. Your excitement grows, as you enter the final stretch to the closing date. Then, the World Health Organization (“WHO”) declares […]
The Importance of Conditions Within an Agreement of Purchase and Sale
Even in light of the on-going COVID-19 pandemic, springtime in Ottawa brings rising temperatures and with those rising temperatures the real estate market really heats up. In today’s market, properties are coming onto the market and buyers are so eager to purchase that they do not protect themselves with proper conditions in the Agreement of […]
