Just last week, one of my clients asked me this exact question and then lo and behold, the next day I got my newsletter from Real Estate lawyer, author and speaker, Mark Weisleder addressing this very issue. In the email, Mark said: “Lakefront cottage purchases have many challenges, particularly with respect to who owns the [...]
I’m an admitted, hard core Cuba junky and so, I found it interesting yesterday to read a report saying that they attracted an estimated 2.9 million visitors in 2012. Certainly when you go there for a visit, you can believe it as you trip over the suntan lotion, empty pina colada cups and jockey for [...]
With half of 2012 now behind us, I thought it might be a good idea to take a deeper look at the real estate market performance this year. Listings The number of new listings was down 21% in the month of June compared to May with 576 new listings in the Georgian Triangle area. Year-to-date [...]
Yesterday, the folks at RE/MAX Ontario-Atlantic released a report about the Canadian recreational property market saying it has been reinvigorated, with softer values, increased selection, and a rebound in consumer confidence contributing to an upswing in sales in 2012. The RE/MAX Recreational Property Report, highlighting trends and developments in 33 markets nationally, found that sales [...]
Guest post by Stu Frith Tourism is driven by providing something to the consumer by way of experiences that they cannot get at home. The short term chalet and condo rental market is driven by the consumer decision on where to stay based on a number of factors. Here are the top five things YOU [...]
Did you read the article this week-end with the above captioned heading? It certainly caught my attention. Of course, for most of us this is old news indeed but, oh well, I guess recycled news never hurts if it is still timely. The article is specifically referring to condos that are part of the Village at [...]
One of my favourite places in the world is our cottage. It’s old and rickety, decorated in the style of… well, in no style really. There is no dishwasher, no internet and we get 3 TV channels on a good day. It’s as comfortable as an old shoe. And when I really think about it, [...]
Last week, the Ontario Municipal Board decision finally was handed down in regard to the Blue Mountain, short term accommodation by-law. The OMB approved the Town of The Blue Mountains’ planning regulations which means that short term acommodation rental units in the municipality will be regulated to control and reduce negative impact on nearby low [...]
Greater affordability, increased selection, and pent-up demand also key factors in 2011 season Canada’s recreational property market is gaining serious traction as savvy purchasers take advantage of ideal conditions, setting the stage for what is expected to be the best market in recent years, according to a report released this month by RE/MAX. The 2011 [...]
Are you allowed to rent out your home or cottage to visitors on a short term basis in a residentially zoned area? The answer is no. Should you be allowed to? That appears to be a matter of opinion. The issue is making the news here in the Georgian Triangle over two particular cases: one [...]
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