Condos are becoming more and more popular in the GTA and Golden Horseshoe areas. Ontario’s first condo was registered in Toronto in 1967 and now over half of Toronto’s population live in condos. Whether you are a first-time buyer struggling to get into the housing market or an empty nester who needs less room and wants less maintenance chores, a condo can be a viable alternative. If you are considering the purchase of a condo, you should be aware of what a condo is and how condo... [read more]

When is the best time to sell an investment property? Given the strength of the real estate market in the GT, GH and Golden Horseshoe areas, many investors have most likely thought about cashing out of their real estate investment. While the strength of the real estate market is an obvious reason to sell, real estate investors must also consider the situation with the current tenant before listing their investment property for sale. Many landlords don’t understand the legalities... [read more]

FOUR WAYS TO INCREASE YOUR WEALTH WITH REAL ESTATE 1. Pay down your Mortgage as quickly as possible 2. Renovate your Property Intelligently, with Renovations with positive return on investment (ROI) 3. Refinance your Principle Residence or Investment Property to Buy another Investment Property 4. Buy Properties in an Area Where Prices are Going Up (Capital Appreciation) [read more]

There seems to be a lot of confusion when it comes to how and when to give a tenant notice to vacate when selling a tenanted home in Ontario. You can only give a tenant notice to vacate (using form N12) when you have a firm agreement of purchase and sale in place with instructions from the purchaser that they (or a family member) will be occupying the home. On the N12 form you choose “Reason #2” which specifies the purchaser will be occupying the home. If the buyer is not... [read more]

When is the best time to sell an investment property? Given the strength of the real estate market in the GT, GH and Golden Horseshoe areas, many investors have most likely thought about cashing out of their real estate investment. While the strength of the real estate market is an obvious reason to sell, real estate investors must also consider the situation with the current tenant before listing their investment property for sale. Many landlords don’t understand the legalities... [read more]