British Columbia’s new cooling-off period when buying real estate is a welcome change for many home buyers in the province, but like anything else, it does come with some strings attached. It’s no secret that the real estate market in BC has been hot for quite some time, with many people feeling pressure to make… Continue reading BC’s cooling off period for homebuyers. Here’s what you need to know.
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The City of Ottawa is introducing a Vacant Unit Tax. Here’s what you need to know
The City of Ottawa is introducing a vacant unit tax (VUT) or better known in other cities such as Toronto or Vancouver, as the vacant home tax. The Ottawa vacant home tax kicks in on January 2023 as part of an initiative to encourage homeowners to maintain, occupy, or rent their properties to increase the… Continue reading The City of Ottawa is introducing a Vacant Unit Tax. Here’s what you need to know
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Toronto’s vacant home tax. What if I miss the declaration deadline?
In January 2023, the City of Toronto is introducing a vacant home tax in order, The City of Toronto vacant home tax is meant to discourage owners from leaving their residential properties unoccupied. Those who do will face a hefty tax bill on top of their existing property taxes. If you live or own a… Continue reading Toronto’s vacant home tax. What if I miss the declaration deadline?
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Buying a power of sale property: What you need to know
When it comes to buying a power of sale property, there are many different options to consider. What exactly is a power of sale home, and what should you know before making this type of purchase? A power of sale is a legal mechanism that allows a lender to sell a property in order to… Continue reading Buying a power of sale property: What you need to know
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Received a construction lien? Here’s what you can do
Have you been hit with a construction lien? Before you panic, we’re here to help you understand what a construction lien is, and what you can do to resolve the issue. Construction liens can be a frustrating and confusing aspect of the construction industry. As a homeowner, learning of a construction lien against your property… Continue reading Received a construction lien? Here’s what you can do
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Issues from your home inspection? Here’s what you can do
If you’re buying a property, it’s likely that you’ll need to have a home inspection conducted as a condition of your purchase agreement. A home inspection is a thorough examination of a property, conducted by a professional home inspector with the objective to identify any potential issues or defects that may exist or can potentially… Continue reading Issues from your home inspection? Here’s what you can do
