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
When purchasing shares in a corporation or allowing new investors to buy shares in your corporation, you should consider a Shareholder’s Agreement to help govern your company. There are a few different clauses you may want to consider, one being the “shotgun” clause, sometimes referred to as the buy-sell clause. After reading this article, you will better understand the “shotgun” clause and know precisely where to seek legal advice.
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.
August 15, 2022
If you own or are considering purchasing vacant land, you will be glad to know that most of the sales do not require the seller to collect and remit HST to the government. However, there are exceptions to this rule that are worth considering, so it is important to have the right advise before you buy or sell vacant land. This article will cover a few of these situations.
August 15, 2022
I was thinking the other day of the first time I ever saw the movie ‘The Wizard of Oz’. I know I am really dating myself by saying this but it was actually at the movies. I remember at the time it started out in black and white and I remember thinking ‘what is this’. There were a few black and white movies floating around back then but I didn’t want to be paying to watch one. I still remember the impact it made when the house landed down with a thump and Dorothy opened the door. Splendid colour, munchkins, yellow brick road. What a change. Dorothy looks at her little dog and says ‘We’re not in Kansas anymore Toto.’
