It’s been a long-standing tradition here at RE/MAX Garden City Realty Inc. spanning several decades. Our annual ‘Hackers’ golf tournament. And as the name suggests it’s not really a serious golf tournament. It’s meant to embrace all kinds of talent and experience, incorporating golfers who are ‘scratch’ caliber all the way to people who have never held a club in their hands. And believe me, we get people from both ends of the spectrum and everything in between. But it’s designed to be a social event where our agents and friends can just go out and have some fun. And it very much accomplishes that.

Is your mortgage coming up for renewal this year or in 2025? Do you know about all the incredible options renewing your mortgage can afford you? If not, I have all the details here on how to make the most of your renewal!

As we saw last issue, there is a growing problem affecting a large segment of the residential rental market. Pitting landlords against tenants. It’s come about because of the incredible increase in acquisition costs of residential rental property together with soaring interest rates and an alarming rise in maintenance and utility costs. All the while residential rents for existing tenants continue to be suppressed by rent controls. I maintain that at the heart of the problem is the Residential Tenancies Act and the approach taken by the Landlord and Tenant Board. These things need to be fixed, and they can be. Quite easily.

As we watch the sales figures come in month by month and year by year, there are a couple of trends we need to keep in mind. The first is cyclical. What is happening seasonally? And the other is economic. What is happening overall due to market pressures brought about by interest rate fluctuations and inflationary changes?

Welcome to our latest newsletter! Today, we will consider the sale of land being split into one (1) or more pieces. We will review some key features of Ontario’s Planning Act and consider the distinction of when land can be sold through a legal severance and the circumstances in which a legal severance is not needed. Understanding these differences is crucial for anyone involved in real estate transaction where multiple lots are in play, whether you are a homeowner, developer, or investor. Let’s explore these concepts in detail.

Never forget the people that make you great! Success is seldom a solo venture. It takes a team. And here at RE/MAX Garden City Realty Inc., while we have a collection of some of the finest realtors on the planet, we also have a team of professionals who work behind the scenes to make them great. Our administrative staff. From the front reception who meet and greet the public, through the tech people, the marketing people, back to the staff that handle compliance, accounting and such like we have undoubtedly the finest support team any real estate firm could possibly wish for.