Agent Blogs

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May 2
2013

Tips on closing day!

Blog posted by Stuart Murray  ::  Views (27)
Closing day is an exciting time for purchasers. Once they have the keys to the place, they will typically start moving in right away. One mistake made by purchasers is that they do not check to make sure that the seller did everything required under the Agreement of... [ more ]
Feb 24
2013

Dealing with an Estate Sale

Blog posted by Stuart Murray  ::  Views (235)
A sale of real estate property by the estate of the deceased must be accepted by all estate trustees. The estate trustees are named in the will of the deceased to act on behalf of the estate. Where a Certificiate of Appointment has been issued under R. 75 or 75 of... [ more ]
Jan 12
2013

Applying HST to Real Estate Transactions - Corporate Ownership Examples

Blog posted by Stuart Murray  ::  Views (263)
Properties can be owned by a variety of different types of parties i.e. individuals, partnerships, corporations etc. Each type of party has specific tax rules that apply to them. As such, it is important to make sure that the Agreement of Purchase and Sale... [ more ]
Dec 21
2012

Capital Gains Tax - Second Property

Blog posted by Stuart Murray  ::  Views (523)
Under the tax rules, a person may claim one property as their principal residence during the year. The principal residence claimed will be exempt from any capital gains tax if sold. However, the person's secondary property will be subject to capital gains tax if... [ more ]
Oct 29
2012

DECORATING SMALL SPACES

Blog posted by Retta Schick  ::  Views (1044)
What is the number one rule when decorating a small living area?  There isn’t one!  However, there are many ways to create the illusion of more space and make the area more functional.  The goal is to make your space personal and reflect who... [ more ]
Sep 30
2012

Selling your home? Do I have to pay capital gains?

Blog posted by Stuart Murray  ::  Views (294)
 When you are selling your home, it is important to consider all the tax implications that are involved. One tax consideration is capital gains. Where your home was your principal residence for every year you owned it then the following rules apply: ... [ more ]
Sep 3
2012

Back to School!

Blog posted by Retta Schick  ::  Views (305)
With summer coming to a close and September upon us, many parents and students are thinking about the start of a new school year.  It can be a busy and stressful time of year trying to get ready and fall into a routine.  Here are some helpful tips for... [ more ]
Jul 23
2012

What is a Joint Tenancy?

Blog posted by Stuart Murray  ::  Views (370)
 If you plan to purchase a home with one or more other persons, your lawyer should ask how each person would like to take title to the property. One option is a joint tenancy between yourself and the other people. Upon death of any one of the joint tenants, the... [ more ]
Jul 13
2012

What is Home Staging?

Blog posted by Retta Schick  ::  Views (358)
Home Staging (or house fluffing) is decorating a home to sell quickly and for top dollar.  The home staging process is important in the real estate market, as it will ensure your home is memorable to a buyer in comparison to other homes.  The goal is to... [ more ]
Jun 11
2012

Defining

Blog posted by Stuart Murray  ::  Views (412)
Unless otherwise provided for in the Agreement of Purchase and Sale, vacant possession is to be provided upon completion of the respective real estate transaction. The term "vacant possession" means that the property must be unoccupied, with all of the... [ more ]
Jun 4
2012

"Best Efforts" and Conditions Precedent Within an Agreement of Purchase and Sale

Blog posted by Stuart Murray  ::  Views (394)
The conditions within an Agreement of Purchase and Sale are used to protect parties before the closing of the transaction. For example, the purchase may use conditions to perform due diligence with respect to the property or to obtain financing in order to close the... [ more ]
May 13
2012

The Two Big Statements - Estate Trustee's Appointment of an Attorney

Blog posted by Stuart Murray  ::  Views (1963)
In general, the estate trustee requires the following two statements to be made before the appointment of an attorney by power of attorney: (1) [Insert estate trustee's name] as trustee of the estate of [insert name] of deceased has exercise his/her power to sell... [ more ]
Apr 30
2012

Things to Consider When Searching Part Lots and Plotting Legal Descriptions

Blog posted by Stuart Murray  ::  Views (416)
 When searching a part of a lot extra care must be taken to search adjoining lands for Planning Act problems as well as to determine the existence of rights-of-way or easement, closed lane ways, gaps or overlaps. In addition a search of adjoining lands may... [ more ]
Apr 26
2012

TOP CITIES/TOWNS TO INVEST IN ONTARIO

Blog posted by Adam Scarati  ::  Views (631)
Top Ontario Investment Towns Named for 2011 and Beyond: Hamilton Ranks #1 Toronto's real estate market set to outperform other regions of the province over the next 3 - 5 years Toronto, May 10/11 -- The Real Estate Investment Network™ (REIN™),... [ more ]
Apr 20
2012

Contractual Limitations regarding Environmental Liability

Blog posted by Stuart Murray  ::  Views (378)
 The Environmental Review Tribunal recently confirmed that regulators can order the original polluter to remain liable for environmental damage. The decision in Superior Fine Papers v. Direct, Ministry of Environment, illustrates that regulators are... [ more ]
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