Traditionally in Ontario, a change in one’s marital status would revoke their will. A will made by a single person was revoked upon marriage, a will made by a married couple was revoked upon divorce – only divorce, legal separation was insufficient.
October 17, 2022
October 17, 2022
Canada has seen a surge of international migration over the last few years. With all these new faces in town wanting to plant roots in this great country, it’s a good time to review some of the details surrounding mortgages and how individuals new to Canada can qualify to be homeowners.
October 17, 2022
People often ask “can you sell a property that does not comply with current fire retrofit requirements?” The simple answer to that is yes, the building can be sold, but it is important that the buyer be aware of what he is getting and the possible ramifications that can arise down the line if the deficiencies are not identified and remedied.
September 15, 2022
The Fed’s are on a mission! They are waging an all-out war against inflation, and their weapon of choice is increased interest rates. It seems to be their hopes that by raising interest rates people will be reluctant to buy, or at least borrow and buy. Whether it has the desired effect on things like gasoline or appliances with the war in Ukraine still raging and shortages still lingering from COVID remains to be seen. One thing for sure. It is having a dampening effect on the Real Estate Market. That is evident both in the declining number of sales as well as the decline in average sale price.
September 15, 2022
Often when investors look at buying a property, the first thing they look at is rate of return or cap rate. And while getting a reasonable return on your investment is important it certainly isn’t the only thing you need to consider when it comes to making your buying decision.
September 15, 2022
If you are dreaming of your very own vacation home, there are ways to make it happen! Let me walk you through your options. When it comes to taking on a vacation property, you will need to have a minimum down payment of 5% of the purchase price. If you are purchasing a non-winterized vacation home, or will not have year-round access, then you will be required to put down 10%.
September 15, 2022
Like a lot of traditions here at RE/MAX Garden City Realty, our Broker BBQ has experienced a lot of changes over the years. Originally it was a backyard BBQ held at the home of our Broker, Wayne Quirk. But that was when his yard didn’t have a pool and land space was plentiful.