Home Ownership: Marriage vs Common Law

Unhappy Couple

Do you assume the house or cottage you share with your life partner belongs to both of you, or are you positive you understand who holds legal ownership? Assumptions can be expensive when it comes to money and real estate. “The garden is as much mine as yours,” yelled one homeowner to his spouse when… Read More

What You Should Know About Buying and Selling Real Estate If You’ve Been Out Of The Market For A Long Time

Photo for Downsizing Article

If you’ve owned your current home for many years, you may find that a lot has changed in the real estate world. Understanding what has changed can come in handy when you’re entering the market for the first time in a while. Here are a few of the key ways the real estate marketplace has… Read More

Canadians Love Their Cottages, Cabins & Chalets

The Canadian dream of escaping the city and buying a recreational property to enjoy nature is  alive and well. Recent reports by two real estate firms say that everyone from millennials to    retirees agree that owning a recreational property is a dream come true. Many cottage communities in Ontario and B.C. have seen unprecedented… Read More

Is Your Basement Apartment Legal?

Is Your Basement Apartment Legal

There are thousands of basement apartments in Toronto, and the vast majority of them are NOT legal. There is a lot of confusion as to what it means for a basement apartment to be legal, and what is required to make it so. If you are thinking about buying a house with an illegal basement… Read More

Renovating? Recoup Your Investment When You Sell

  Before you pour your savings into a new kitchen and a rainforest shower for the master, think about whether or not you’ll be able to recover your investment when it comes time to sell. If you have equity in your home, you can make improvements, but don’t go over the limit of what other… Read More

Will The Ontario Fair Housing Plan Slow The Toronto Market?

On April 20, the Ontario government announced a 16 point package of measures designed to “help more people find affordable homes, increase supply, protect buyers and renters and bring stability to the real estate market”. Interestingly, if predictably, none of  these measures are designed to help or protect sellers or landlords. The key points are:… Read More

Toronto’s Trees Offer $80 Million of Benefits Annually

Trees in the City

What’s a tree worth? About $700, says a report by Craig Alexander, chief economist of TD Economics. In a recent study of Toronto’s urban forest, Alexander determined that the city’s trees provide more than $80 million, or about $8 per tree, worth of environmental benefits and cost savings per year. He says for an average… Read More

Windows And Your Well-Being

Windows in Apartment

You’d think that with all of the advances in home building in the last century, we would have a better handle on the importance of windows in residential design. Most people appreciate how windows and skylights bring in natural light, making a room look larger, warmer and more cheerful. Windows that offer a view outside… Read More

How Renovations Impact Your Home Insurance

Home Insurance Policy

Woody Allen once said: “There are worse things in life than death. Have you ever spent an evening with an insurance salesman?” But if you are planning a renovation to your home and don’t take the time to speak to your insurance broker, you could be making a big mistake. During and after a renovation,… Read More

Why You Should Be Investing in Rental Property

Owning a rental property has its benefits. The supplemental income can help offset your mortgage payments and with the growing trend for renting in and around Downtown Toronto, the demand is higher for rental suites. There are tax benefits too, you may be able to deduct from your tax expenses: mortgage interest property taxes insurance… Read More