September 8th is the next date set by the Bank of Canada to meet about interest rates and setting the key overnight rate. With Canada’s fragile recovery, and with a lacklustre GDP down 3.8 percent to 2 percent in second quarter 2010, financial pundits are predicting the central bank will not raise rates at this [...]
In Ontario, first-time home buyers may be eligible for a refund of land transfer taxes to a maximum of $2,000. The refund can be claimed at the time of registration to offset the tax ordinarily payable at the time or, buyers can claim their refund directly from the Ontario Ministry of Revenue if they do [...]
I’m referring to the interest rate type, not the go-for-a-walk-in-the-country type. Tuesday is the next scheduled key interest rate announcement for the Bank of Canada. The Bank of Canada carries out monetary policy by effecting short-term interest rates in Canada. This is achieved by lower or raising the ‘target for the overnight rate.’ The rate [...]
Guest Post by Chris McCormick Ahhh, the closing time. The time at which a Seller needs to be out of their property on the completion date (closing day) seems to cause a little confusion with buyers and sellers alike (and some REALTORS® truth be told.) With the help of 20 years experience and consulting with [...]
One of the cool tools I have available as a blogger is a report I can access which shows the most frequently used key words that land people on my blog. It’s always a surprise to me to see what is on peoples mind – “aluminum wiring”, “value of a corner lot” , “best Thai [...]
In Parts 1, 2 and 3 of this series, we’ve looked at the things you need to consider when buying a condominium for both personal use with income potential: • Will you be renting it out seasonally or for short time periods under 30 days? • Do you wish to be part of a managed rental pool [...]
In Parts 1 and 2 of this series, we’ve looked at the things you need to consider when buying a condominium for both personal use with income potential: • Will you be renting it out seasonally or for short time periods under 30 days? • Do you wish to be part of a managed rental pool or, [...]
In Part 1, I talked about buying a condominium in Collingwood – Blue Mountain for personal use with offsetting rental income potential. If you decide that what you need is a unit that is part of a managed rental program, read on. Buying a condo in this situation is essentially buying into a commercial venture in a [...]
On a regular basis, at least 2-3 times a month, I get an enquiry from someone who would like to buy a recreational condominium in the Collingwood – Blue Mountain area that they can use at certain times and rent out other times to offset their carrying costs. It’s a terrific idea and certainly doable [...]
I once listed a house for sale in Collingwood where a suspected murder had taken place. I consulted with two lawyers about disclosure requirements and got two answers: one was to follow the instructions of my client and the second was more of a question: would want or need to know this and, then make [...]
You are currently browsing the archives for the Buying Real Estate category.