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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Category: Closing costs
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Tips for hiring a real estate lawyer
It is important to hire the right real estate lawyer because the home-buying process is complex and can have significant legal implications. The right real estate lawyer will have the knowledge, experience, and skills to provide you with expert guidance and representation throughout the process. They will be able to review and negotiate agreements, protect… Continue reading Tips for hiring a real estate lawyer
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Selling your pre-construction assignment in the current market
Many preconstruction buyers are facing the realities of a shifting real estate market, especially those who have purchased preconstruction properties, specifically for assignment. Last quarter was the worst quarter for new condo sales since the financial crisis. According to market research firm Urbanation, condo sales in the greater Toronto region plummeted 79 percent, with just… Continue reading Selling your pre-construction assignment in the current market
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Do you need a Real Estate Lawyer to Refinance your Mortgage?
Q: Do you need a real estate lawyer to refinance your mortgage? A: While it is not legally required, it has its advantages. So, your application for refinancing has been approved. What is next? Now you need to close. For any prospective homebuyer in Canada, there are two ways to close – through a… Continue reading Do you need a Real Estate Lawyer to Refinance your Mortgage?
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Investing in Fractional Ownership
With historically high Real Estate prices, innovative companies are creating new solutions that have the potential to change how we think about home ownership and even Real Estate investing. With these emerging models, it is critically important to understand what their terms and conditions are and what it means for your rights. In this blog,… Continue reading Investing in Fractional Ownership
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Closing in a shifting market
As the Real Estate tides shift in the Canadian Real Estate market, you may be one of many homebuyers finding yourself in a stressful situation as you look to navigate your closing in a shifting market. If you purchased a home earlier this year or are closing on a pre-construction property over the next few… Continue reading Closing in a shifting market
