✧ “He owned real estate, bank accounts, life insurance, and RRSP, but left nothing to his estate, I got nothing as a beneficiary under his will”. Is such a situation possible? ✧ Yes, it’s quite possible, that not all …
Which house to choose to buy as a rental property? To real estate investors: insurance
Which house to choose to buy as a rental property? To real estate investors: insurance When you decide to purchase a house as an investment to rent it out, calculations of potential income and expenses are key in the decision-making …
The Non-Resident Speculation Tax (NRST) rate was increased to 20% and expanded provincewide effective March 30, 2022, Prior to March 30, 2022, the NRST was a 15% tax on the purchase of an interest in residential property in the Greater …
What do you need to know when you purchase an old house?
The charm of old towns and cities in Ontario can not leave any person indifferent, some of old houses are eye-catching and people fell in love in them easily and would like to live there. What do you need to …
Survivorship Rights
✧ Many people know that in joint ownership of real estate (joint tenancy) the share of the deceased owner after his/her death goes to the survivors of the deceased owners. It’s called survivorship rights. ✧ For this reason, relatives often …
What Buyers Should Know About Land Transfer Tax
Buying a home is a significant acquisition. Other than the actual price of the house, there are many costs associated with purchasing property, one of which is the land transfer tax. What is land transfer tax? Also known as property …
6 Terms You Should Know Before Buying Commercial Real Estate
Owning commercial property can be very lucrative. However, commercial real estate transactions are complex. It is, therefore, wise to hire a commercial real estate lawyer and an accountant for such transactions. While a commercial real estate lawyer can help you …
How to Choose an Executor for Your Will
When you pass away, your executor is tasked with carrying out all the instructions you leave in your last will. In addition, they are responsible for administering, protecting, and distributing your estate among your beneficiaries. An executor’s duties require a …
Common Mistakes People Make When Buying a House
Buying a home is likely the most significant financial transaction you’ll ever make, so it’s not a decision to take lightly. Ignorance and misinformation can lead to a waste of time and money. For that reason, it would be wise …
What You Should Know When Investing in Real Estate
If you’re looking to purchase real estate, the easiest part of the buying and selling process is identifying the house, condo or commercial property you wish to purchase. Everything else can be tedious. That’s why if you are looking to …