Written by: Kemi Ibitoye June is Seniors Month in Ontario which is a great time to celebrate the contributions, experiences, and lasting impact of older adults in our communities. With Ontario's aging population, real estate professionals often work with seniors during downsizing, refinancing, or property transfers. As real estate transactions increasingly use technology, seniors may be more vulnerable to scams and Read More

March is Fraud Prevention Month in Canada. It's no secret that instances of fraud have been on the rise since the COVID-19 pandemic, especially real estate fraud. Title fraud is a common real estate fraud which happens when fraudsters steal the title to your home. The fraudster then sells your home or applies for a new mortgage against it. Real estate professionals have to be aware of the rise in title fraud and Read More

Being a guarantor on a mortgage simply means that you will guarantee all the principal amount and interest owing by the borrower of the loan. This also means that you are a surety for the payment by the borrower as well as primarily liable for the repayment of the debt if a default occurs. If the lender / bank cannot legally recover any of the loan from the principal debtor, they have the right to collect these Read More

 "The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years..."* "The bank's rate impacts the rate that Canadians get from their lenders on things like mortgages and lines of credit. Two of Canada's big banks have already moved their benchmark rates in response, with Royal Bank and TD raising their prime lending rates from 3.7 per cent to 4.7 per cent as of Thursday Read More

Are you buying a pre-construction house? Here are some benefits of buying pre-construction rather than a resale home in Ontario. Clients regularly ask about the pros and cons of purchasing pre-construction over a resale home. Some of the pros of a pre-construction purchase are listed below; regardless, it boils down to the needs and goals of the individual purchaser. 1) You can customize the design of your Read More

 A title search is done by the real estate lawyer completing the closing of your purchase transaction. This is mainly done through the Land Registry system and will reveal key information on the property like ownership over the years, current mortgage(s) on title, any liens on title. The main goal of a title search is to ensure that the purchaser obtains good title to the property on closing. If you have any Read More

 When negotiating your purchase and sale agreement, it is important to write and include in your contract everything agreed by the buyer and seller. If there is a subsequent verbal agreement between the buyer and the seller, get it down in writing and include it in the main contract. For example, if the seller agrees to fix the roof prior to the closing, ensure to have this in writing. Failure to do this can be very Read More