Real estate title fraud has been a hot news topic lately. There are multiple cases that have recently surfaced in the media where fraudsters have sold or tried to sell a property that belonged to unsuspecting homeowners. The fraudsters did so by assuming the real homeowner’s identity. The reality of the situation is that Real… Continue reading How to protect yourself from Real Estate title fraud
How to protect yourself from Real Estate title fraud
Buying in the City of Toronto? Budget for your Land Transfer Taxes (LTT)
Today we’re going to talk about the City of Toronto Land Transfer Tax (LTT). If you’re planning on buying property in Toronto, it’s important to understand how this tax works and how it’s calculated. First off, it’s important to know that the City of Toronto LTT is separate from the provincial Land Transfer Tax that… Continue reading Buying in the City of Toronto? Budget for your Land Transfer Taxes (LTT)
The mortgage broker’s guide to a smooth closing
A smooth closing is the ideal outcome for any real estate transaction, as it ensures that all parties involved are satisfied with the outcome. From a mortgage broker’s perspective, a smooth closing is especially important as it helps to build trust and create a positive reputation among clients. But what does a smooth closing look… Continue reading The mortgage broker’s guide to a smooth closing
What is a holdback in real estate and when is it used
When it comes to real estate transactions, a holdback is an amount of money that is withheld from the seller at closing until certain conditions are met. Holdbacks can be a useful tool for protecting the buyer’s interests, but they are not always necessary or even possible in every transaction. Here’s a closer look at… Continue reading What is a holdback in real estate and when is it used
When to schedule your final property visit and what to look for prior to closing
When purchasing a property, most homebuyers include a certain number of property visits to their new home prior to closing in their purchase agreement. Including the allowance for property visits, or home visits, as a contingency in your offer to purchase means that you are reserving the right to visit the property before the sale… Continue reading When to schedule your final property visit and what to look for prior to closing
Anti-flipping tax, Vacant Home Tax, Foreign Buyer Ban, and More. Here’s what’s impacting Canadian Real Estate in 2023.
As we begin 2023, the Federal and Provincial governments in Canada have introduced several new tax and legislative changes that are impacting the Canadian Real Estate Market for homeowners, homebuyers and investors. From anti-flipping taxes, foreign buyer bans, vacant home taxes, and a buyer’s remorse plan, the majority of these measures have been put in… Continue reading Anti-flipping tax, Vacant Home Tax, Foreign Buyer Ban, and More. Here’s what’s impacting Canadian Real Estate in 2023.