Protect Yourself in 2020
I just read a great legal tip worth sharing. Many people date documents in this way: Day/Month/Year. When you date a document this year, it would be prudent to use all four digits for the year. If you enter a date like 06/01/20, someone could easily modify this date to 06/01/2017 or any previous year […]
Selling and Buying on the Same Day
What happens if you sell your home and buy another, with both of them closing on the same day? You may be fine, if all the stars align. But what if the buyer can’t complete the transaction on the agreed upon closing date? Closing a sale and a purchase on the same day can be […]
Financial Post’s Market Musings
Oakville’s detached home spring market has been slow out of the blocks. However, the Toronto Real Estate Board reported a 17% surge in April for Toronto’s housing market. This Financial Post article is an interesting read.
Getting the Best Return on Investment
The results are in from the Royal LePage survey and it provides useful insights into the expected return on investment for various home renovation projects. Interested in learning more? Visit this link: Kitchen renovation has greatest potential to boost a property’s sale price
Legalization of Cannabis and Its Possible Impact on Real Estate
As we approach the legalization of home cannabis cultivation and recreational use, there are many questions around the impact that it may have on the real estate market. Concerns revolve around the influence it could potentially have on property values. Most mortgage companies were unwilling to insure homes that were formerly used as cannabis grow operations. […]
Tax Time Advice
While the sale of your principal residence has not had any tax implications in the past, 2016’s changes to reporting should be taken seriously. If you don’t report the sale on your income tax return, you could be subject to a fine up to $8,000. While the CRA may reassess your tax returns going back […]