When we think about buying and selling real estate, it’s easy to overlook that, in many cases, the property being sold is a rental property that likely has tenants. In fact, with a majority of households in Canada owning their homes (67.8% according to a 2016 Census) nearly one-third of all homes in Canada are […]
It might seem counter-intuitive, but buying a home in winter – from house-hunting, to getting all your worldly belongings from point A to point B – can actually be easier, cheaper and more convenient than any other time of the year. Here’s why the colder, darker months of the year could actually be a bright […]
We were all hoping the holiday season was going to be spared the wrath of 2020. But it seems we’re going to have to buckle down for another round of social distancing instead. Rather than let this news get you down, why not embrace the change? Without any travel or visitors, this year is the […]
Spending more time at home during the pandemic has led some homeowners to re-evaluate what they want most out of their properties. With work from home arrangements now commonplace, the desire for more privacy, extra space and easy access to the outdoors have been major drivers behind the unprecedented levels of buying and selling activity in Canada’s housing […]
Making the most of the space you have in your home can take a little ingenuity and thinking outside of the box. However, if you get it right, you can ensure you don’t waste a single inch of space! Here are a few tips to help you create the perfect multi-purpose living area for your […]
You have to pay interest accrued between your closing date and the date your first scheduled mortgage payment comes out. Otherwise known as an interest adjustment, this one-time interest charge has to be paid on the Interest Adjustment Date. Let’s say you just bought a home and your mortgage payments are due on the 1st […]
So much time and effort is put into the process of obtaining a home – and since it’s such a big financial transaction, that’s how it should be. But being a homeowner doesn’t just end with the mortgage payments coming out of your bank account every month. Like taking care of your personal health or your car, […]
On closing day, your statement of adjustments is created displaying any credits to the buyer or seller, and the final amount payable by the buyer on closing day. Both the buyer’s and seller’s lawyers will prepare their own statement and will then combine them, creating the one final statement of adjustments. What is listed on […]
No Signs of Slowdown in Ottawa Resale Market Members of the Ottawa Real Estate Board sold 1,611 residential properties in November through the Board’s Multiple Listing Service® System, compared with 1,284 in November 2019, a year over year increase of 26 per cent. November’s sales included 1,209 in the residential-property class, up 27 per cent […]
Of all the things you need to do during your home buying process, working with a trustworthy real estate lawyer could be the most important. Your lawyer will calculate the majority of your closing costs and will facilitate the transaction between you, the seller, and the bank on closing day. With this in mind, it’s […]