Basement Rental Apartment

Many homes advertise “income potential” or “lower level unit” which can be a very attractive incentive for some buyers. Renting out a portion of a property is one approach property owners can enlist to help pay down mortgages and increase investment returns. It is important to plan carefully and become familiar with the relevant codes, laws, risks, obligations and requirements before diving into residential rental property ownership and management.

Alongside the potential to generate income, there are risks associated with renting out a basement apartment in a home that isn’t zoned for one, or that contravenes municipal or provincial codes.

sell home

This is an age-old question, and one that anyone considering buying or selling should give careful consideration. The good thing is, there is no right or wrong answer – just the one that is right for you.

physical distancing

There are many reasons why someone may need to buy or sell a property in the weeks ahead. While real estate remains on the essential workplaces list, it is important to note that open houses are prohibited for the foreseeable future as we battle COVID-19.

apprasial

Whether you are in the market to buy or sell, it is important to have a good understanding of the service options and insights available to you as you prepare for your next move.

FSBO

Taking on the sale of one’s property is an ambitious and sometimes complicated task. You may find engaging professionals from the field helpful in the process.

Buying in a Seller's Market_ Here's 5 tips.

  • Best case scenario forecast shows Canada’s aggregate home price could grow a modest 1% by the end of 2020
  • If the pandemic continues to heavily restrict business activity through late summer, a national home price decrease of 3% is expected by the end of 2020
  • The aggregate price of a home in Canada climbed 4.4 per cent year-over-year in Q1 2020
  • High demand and low inventory in Toronto, Montreal and Ottawa fueled rising home prices

home inspector

A broker or salesperson is a key guide as you embark on the buying or selling process, but it is likely that you’ll need help from other service providers as well.

Real Estate Changes

In November of 2019, the Ontario government announced plans to change the rules that real estate salespeople and brokerages must follow. The changes are outlined in Bill 145, the Trust in Real Estate Services Act, 2019. A bill that proposes changes to the, the Real Estate and Business Brokers Act, 2002 which the Real Estate Council of Ontario (RECO) now administers in order to protect home buyers and sellers and to uphold professional integrity within the real estate industry.

client vs customer

In our daily lives, we tend to use the terms “client” and “customer” interchangeably. But in real estate transactions, there’s a big difference between the services you will receive, depending on which kind of contract you sign.