Guide to Managing & Renting Vacation Properties
Posted on Dec 31, 2024 in Vacation Properties
New Investor's Guide to Managing & Renting Vacation Properties
Setting Up a Vacation Rental Business
Investing in vacation rental properties offers an opportunity to diversify your portfolio, generate additional income, and potentially create a lifestyle asset. However, the vacation rental market is highly competitive, so a deep understanding of vari...
Real Estate Council of Ontario Code of Ethics
Posted on Dec 14, 2024 in Realtors, Brokerages, Rules
The Real Estate Council of Ontario (RECO) Code of Ethics: Upholding Professionalism and Trust in Real Estate
The Real Estate Council of Ontario (RECO) is a regulatory body that oversees real estate professionals in Ontario, ensuring that they meet the high standards required to protect consumers and promote professionalism within the industry. At th...
Understanding the Difference Between Real Estate Professionals & Brokerages
Posted on Dec 07, 2024 in Realtors, Brokerages, Rules
Understanding the Difference Between Real Estate Professionals and Brokerages
In the real estate industry, two key terms often come up: real estate professionals and brokerages. While they are closely related, they serve distinct roles in the buying, selling, and leasing of properties. Understanding the difference between them is essential for consu...
Escape Clause and Conditional Offers
Posted on Nov 19, 2024 in Offers and Paperwork
An Escape Clause is One of Your Options When Accepting a Conditional Offer
I am selling my property. If I accept an offer that is conditional on the buyer selling their home, can I still consider other offers?
This is an interesting and important question that both buyers and sellers should discuss with their salespersons to fully understand before e...
When Considering the Purchase of a Condo vs Freehold
Posted on Oct 26, 2024 in Condo or Freehold
When Considering the Purchase of a Condominium vs Freehold Property
When considering the purchase of a condominium versus a freehold property, it is essential to evaluate the pros and cons of each option based on factors such as ownership rights, financial implications, lifestyle preferences, and long-term investment potential.
Condos: Pros and Cons
P...
New Mortgage Rules Beginning Dec. 15th
Posted on Oct 21, 2024 in Mortgages
New Mortgage Rules Beginning December 15th
We have more clarification of the new mortgage rules being implemented on December 15th.
1. The 30 year amortization is available for ALL first-time home buyers, provided at least one person is a first-time buyer.
Definition of First Time Buyer – never having owned, if you have not owned for 5 years or longer...
