Cottage succession: Avoiding the bites and burns

June 21, 2019

Inheriting a cottage is an enviable situation. However, there are potential pitfalls that go beyond black flies and sunburns.

Unexpected costs can be significant, including probate fees, capital gains tax and land transfer tax.

Elaine Blades, director for estate and trust products and services at Scotia Private Client Group, says there are many things families need to talk about before a cottage is handed down. Will the cottage be gifted now, bequeathed or sold? Will the best legal ...


July 1, 2019

Lifestyle changes can come at you in a hurry, sometimes necessitating a move. Determining your property's value is especially difficult if you are a long time home owner. You may have made improvements throughout the years that you've simply forgotten about. The right price can be a critical part of getting that 'sold' sign and moving on to the ...

Property prices continue to climb in Q2, says Royal LePage

May 27, 2019

Home prices in Canada are showing no indications of falling this year, a survey by Royal LePage suggests. A report by the real estate company said the average prices for standard two-story houses and detached bungalows went up 2.7 per cent in the second quarter of this year, compared with a year ago. During April to June, houses were listed ...

Making the most out of your house

May 23, 2019

Q. With the softening of the real estate market we hear there is a lot of inventory out there that no one is purchasing due to uncertainty. As a real estate lawyer do you have any tips that might make my house more marketable? A. This is actually a question more for your trusty real estate agent but I can put in my two cents. I think the most ...

Why you still need a mortgage broker

May 17, 2019

Investors are increasingly prepared to go it alone in this slower market where even the big banks are quick to whip out low rates to compete. But there are remain key reasons for using mortgage brokers. WhichMortgage.ca outlines those considerations and explains why savvy investors continue to rely on brokers and the website’s comprehensive ...

Why housing prices refuse to fall

May 16, 2019

Those frustrated with the fact that property prices stubbornly refuse to fall now have a scapegoat: the Bank of Canada and other central banks around the world. As the Financial Post‘s Garry Marr reports, low interest rates are helping to boost property markets across the globe and Canada is no exception, says a new report from the Bank of Nova ...

Condo crash? Don't count on it

May 9, 2019

If you are sitting the sidelines hoping for the condo market to crash, the Conference Board of Canada says you’ll have to wait. The report, released by Genworth Canada, the largest private provider of mortgage default insurance in the country, says the sector will avoid a major downturn because of population growth and employment gains which will ...

A Bank of Canada rate cut?

May 8, 2019

It is not beyond the realm of possibility, given the trajectory of the Canadian economy, and in fact it might have been a closer call following last week’s policy meeting than thought, writes the Financial Post‘s Gordon Isfeld. After 18 months of telling consumers and markets that its key interest rate would eventually be lifted from 1%, close ...

Demise of the detached house? No end in sight for rising cost of single family homes

May 7, 2019

If it seems like high-rise condominium units are keep getting smaller and affordable single family homes are getting harder to find, it’s true. Data from RealNet Canada Inc. for Toronto, to be released Wednesday, paints a grim picture for buyers hoping to avoid condominium living in favour of a low-rise home. It’s a trend that the chief ...

7 Ways to Make Your Home Move-In Ready

May 6, 2019

Ever heard the phrase, “walk a mile in someone else’s shoes?” When it comes to selling your home and boosting curb appeal to the widest range of buyers, the distance you need to think about is far less than a mile: it simply runs from your front curb to your back fence. The moment you even begin to think of putting your home up for sale is the ...
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