In 2020, Ontario saw a sharp decline of 36% in the number of married couples. This is due largely to individuals who choose to carry on as a “common law” couple. This choice is most popular among couples 65 and older, most of whom were previously divorced and do not want to remarry. Notwithstanding the increased occurrence of common law couples, there is no legislation in Ontario that automatically protects an unmarried partner in dividing property when there is death or separation.
The Not-for-Profit Corporations Act, 2010 (ONCA) in Ontario, Canada, has recently undergone updates to streamline processes, increase accountability, and strengthen governance within not-for-profit corporations. The amendments bring significant changes, such as simplifying the incorporation process, allowing for profit from commercial activities, providing options for financial reviews, and enhancing members' rights. This article aims to summarize these key changes and their implications for not-for-profit organizations.
It’s always interesting to look at the numbers each month as they come in and see how they compare to the ‘feel’ of the marketplace. The numbers are now in for June and once again they seem to be giving a mixed picture. Let’s start with price.
July 17, 2023
When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker!
July 17, 2023
Once a year, society sets aside one special day to honour the support personnel that keep our companies running. It’s called Administrators’ Day and it generally falls in the last week of April. It’s a special day for us here at RE/MAX Garden City Realty because our administrative staff are very special indeed. In fact, they are amazing! We’ve taken a bit of liberty with the event by moving it from April to June. And the motivation for that transition is weather.
June 15, 2023
When it comes to buying or selling a house, both parties want to ensure that the transaction is completed successfully. To help ensure the process runs smoothly, the use of a lawyer's trust account is relied upon. Understanding how escrow works is an essential feature of real estate in Ontario.
June 15, 2023
In a dynamic training session on May 9th, we focused on digital marketing integration. Complementing last month's Contact Management System session, our training on kvCORE website development promised to transform agent marketing for beginners and intermediates. Led by Michelle Bruce, our Director of Social Media Marketing & Development, and assisted by Christine Firth, this engaging workshop-style session centred around harnessing the power of kvCORE websites.