Trends Cost Sellers Money

Every new and widely-adopted trend changes what’s considered “standard.” When this happens in real estate — inside or out — a seller’s non-trend or off-trend house or condominium unit may become “substandard” in buyers’ eyes. Sellers who expect top dollar for their property must ensure it makes an on-trend impression with homebuyers, especially millennials. In… Read More

Radon Gas Is The Second Leading Cause of Lung Cancer

House with radiation hazard

Ongoing research into the presence and effects of radon gas has produced some disturbing results – the gas is in almost twice as many Canadian homes as previously estimated. Health Canada estimates that radon exposure causes the deaths of about 3,200 Canadians every year. That makes it the second leading cause of lung cancer, representing… Read More

When Does The Seller Have To Move Out On Closing Day?

Moving Van

Most sellers and buyers are at least a bit confused about this question. The standard wording of the Purchase and Sale Agreement says that the Agreement “shall be completed by no later than 6:00 p.m. on the _____ day of ____________, 2011. Upon completion, vacant possession of the property shall be given to the buyer unless… Read More

Capital Gains Tax And Your Principal Residence

House Values Rising

Tax-free profit on the sale of your principal residence is alluring, but it can be elusive. Under the federal Income Tax Act, property owners are entitled to tax-free profit on the sale of their principal residence, provided they follow the Canada Revenue Agency (CRA) guidelines. Capital gain is the net difference between the cost of… Read More

How to Make Long-Term Real Estate Decisions

No longer is there an automatic last move for boomers—that is, being moved into a HOME. No longer is there a “last stage” of adult life that dictates an end to independence and to living in a home you love.  Aging in place, or staying in your own home as you age, even if you… Read More

Selling Your Home Over The Holidays? Don’t Be A Curb Appeal Scrooge

If your house is currently for sale or if you’re considering listing it, you may be wondering whether you should bother at all with holiday decorations this year. In a word: yes. But there’s more to it than that. There’s a long way between Scrooge and The Griswolds. It’s hard to argue with the fact… Read More

Will New Mortgage Rules Disrupt the Market?

Last October, the federal government introduced mortgage rules that required anyone needing mortgage insurance (less than 20% down payment) to pass a ‘stress test’ to prove that they could afford the payments if mortgage rates were to increase. The Bank of Canada’s posted rate, approximately 2% higher than the rates actually available, was chosen as… Read More

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 To Do Before You List Your Home For Sale

To Do List For Getting Your Home Ready to Sell

Today’s market presents some very unique opportunities for buyers. With affordability near record highs and interest rates near record lows, many homeowners are making the decision to move up or on. Here a few simple tips to take into consideration when listing your home for sale. 1. Curb Appeal: Buyers make snap judgments about each… Read More

Your Dream Home Wish List

Dream Home

There are millions of homes for sale. How do you know which is the right one for you?  The key to getting just the right fit is to develop a wish list. From the lifestyle you want to live to the style of home that best fits your needs, a wish list is a great… Read More