September 15, 2023
I hope this newsletter finds you all in good health and high spirits. Today, we are excited to shed light on an important topic that often pops up when dealing with condominium transactions in Ontario: the Condo Status Certificate. As you may already know, the role of a lawyer is crucial when it comes to interpreting and reviewing the contents of this document. In this newsletter, we will explore what a lawyer in Ontario typically reviews in a condo status certificate to facilitate informed decision-making for their clients.
September 15, 2023
The sales figures are in for August, and at first brush they are quite alarming. Substantial month over month drops in almost every municipality! St. Catharines down $30,277 or 4.53%, Niagara Falls down $67,057 or 9.80%, Fort Erie down $59,352 or 8.56%, Welland down $51,894 or 8.44%, Thorold down $38,944 or 6.12%. And the Niagara Region as a whole down $37,048 or 5.16%. And that’s in just one mont
September 15, 2023
In our last Money Machine article, we compared multi-family residential buildings that were designed and built as such to buildings that were converted to become multi-family. And we saw that there are a lot of advantages to owning buildings that were designed and built to be exactly what they now are. Especially true in the case of small entities such as duplexes and triplexes.
September 15, 2023
When it comes to saving money, there are a lot of little things you can do that add up to make a big difference! Here are 10 of my favourite money-saving tips to help get you started today:
September 15, 2023
There are a lot of special events and socials on the RE/MAX Garden City Realty calendar over the course of the year: Christmas Gala, Awards Celebration, Hackers Golf Tournament, Administrators Day just to name a few. And each has its unique flavor and I suppose claim to fame. But one of the all-time favorites is the end-of-summer Broker B.B.Q. held most recently at Henley Island in St. Catharines.
August 15, 2023
The average price across the region continues to paint a blurry picture. Last month you may recall, the price was up from May by $30,562 or 4.33%. But May was actually down from April by $12,602 or 1.75%. Now the sales figures have come in for July and the average is a somewhat disappointing $717,398. That’s down from June by $19,093 or 2.59%, pretty much where it was at the end of April. Still up $61,061 or 9.30% from year end 2022 which is encouraging. But it’s finding it difficult to make solid headway. Gaining one month and then giving back some of those gains the next.
August 15, 2023
I’d like to talk to you today about multi-family residential buildings. As you develop your investment portfolio, you’ll absolutely want to have some multi-family buildings in the mix. Of course, when I speak about multi-family this can encompass all the way up to high-rise apartment buildings containing hundreds of rental units. But for most of us, we are not at and likely will never be at that level of investment. However multi-family can also include your typical duplex or triplex. And that is where most of us are going to be involved. In fact, CMHC and most banks draw a line at 4 units. Anything above 4 units is considered commercial and is handled by their commercial division. Four or fewer are under the residential umbrella.
August 15, 2023
The First Home Savings Account (FHSA) is specifically designed to help first-time homebuyers save for their down payment without having to pay taxes on the interest earned on their saving
August 15, 2023