Scotch Fridays formed its roots many years ago when our law firm shared office space with Nancy, a brilliant friend of mine. The Scotch Friday tradition evolved in those long ago days when Nancy would saunter over to my office on Fridays, just before the end of the day, and stand at my door […]
Commercial The Ontario government hasn’t provided any assistance yet to commercial tenants. There is mounting public and media pressure to get something done before April 1st. Media reports have been urging commercial landlords to be lenient with their tenants and show some compassion such as: Rent deferrals; Rent abatements; Alternative pay structure; Short term arrangements. […]
(THIS IS NOT LEGAL ADVICE – the discussion is just one lawyer’s observations and views intended for a general audience) The concern for buyers is that they may be laid off and not have the financial resources to carry a mortgage for an indefinite time after closing until their financial circumstances go back to normal. […]
Real Estate Bubble? I believe it is everyone’s right to have a safe and affordable home to raise a family. The reality in today’s economy is quite the opposite. I see people making desperate decisions to buy a home out of their price range for fear that they won’t be able to afford anything similar […]
Real Estate and Homeownership in the GTA Benjamin Tal, Deputy Chief Economist with CIBC World Markets, made a spectacular presentation to kick off the Landpro conference today at the Paramount Centre in Vaughn. Tal spoke about the economy and real estate outlook for the GTA. Tal started with Trump’s election and ended with the rise […]
The Principle Residence Exemption and flipping homes Principle Until recently, when you sold your principle residence you did not have to declare it on your tax return and you were not at risk of paying income tax on its increase in value from the original purchase price. As of October 3, 2016, the federal government […]
Reviewing Status Certificates is crucial when buying a condominium – Here is what I look for when reviewing the Status Certificate. Buying a condominium? Talk to a Real Estate Lawyer » Burlington, Hamilton, Milton, Mississauga, Guelph
Home Buyers stress Test – Real Estate The federal government, bless their heart, have implemented a financial stress test for homebuyers effective October 17, 2016. Qualifying for a mortgage has always been a “stress test” for borrowers but we never called it that. The federal government tweaked their lending rules in four substantive ways: Banks now […]
Boomers Plus Seminar – should you cash in on your home? Come out to the BOOMERS PLUS SEMINAR to be held on: TOPIC: Is it a good time to sell or buy your home in today’s market? September 29, 2016 from 7pm to 9pm at REMAX office located at 4121 Fairview Street, Burlington https://www.youtube.com/watch?v=lMHhyHF8blw […]
Housing Market Real Estate Sales The other day, I heard a report on CBC that housing sales are down an overall 3%, primarily due to the B.C. housing market. Although this is a very busy time for real estate deals, the number of deals our office is handling is leveling off compared to the same […]