Condos Allowing Short Term Rentals DT Core

Tuesday Oct 27th, 2020

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People who are interested in living in or investing in DT condos are often asking which building do, and which once don’t allow short term rentals. The truth is the majority of the condos don’t permit short term rentals and it is stated in their bylaws, of the buildings who are not allowing them there are some who enforce it strictly, and others that don’t. City of Toronto at the end of 2019 implemented new rules and regulations for short term rentals, there are certain... [read more]

Buying A Property With Basement Rental Potential.

Saturday Aug 29th, 2020

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  GTA’s real estate market has been very expensive for many decades and it is often very difficult to get into the market, and as we wait to save more the price increases tend to outpace the savings. In the last 20 years the price corrections have been few and far between, with few hiccups along the way the prices are going from expensive to even more expensive. One way to get into the market is to find a place with a rental basement potential, yours truly have done it with our... [read more]

Understanding The Reserve Fund & the Reserve Fund Study.

Friday Jan 1st, 2021

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In our previous blogs we have explained step by step process of buying resale condominiums, and deeper into the most important document associated with the purchase, the status certificate, in this blog we would like to take it even further and explain one of the most important aspects of the status certificate, the reserve fund study, in more details. What is a reserve fund. In the nutshell the reserve fund are money put aside every month for future repairs and replacements, it is... [read more]

RRSP Home Buyer's Plan - detailed explanation in simple terms.

Friday Jul 9th, 2021

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We have been asked on many occasions about the RRSP Home buyers plan and thought it would be a good idea to explain the details from the beginning to the end of how it works, and what to do. What is Home Buyers Plan. A home buyers plan allows you to withdraw up to $35,000 per person (if you are a couple you can withdraw up to $35,000 each, for a total of up to $70,000) for the purchase of the qualifying home for yourself or for a related person with a disability. You can only withdraw... [read more]

Buy first or sell first

Wednesday Sep 15th, 2021

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Many people during their lifetime move from one property to another and if you are an owner quite often buying and selling around the same time is a necessity. The questions arise about what to do first, buy or sell as well as what everyone should know when planning on buying and selling at the same time. There are many factors that will influence this decision. Market condition. Typically, in real estate the markets are classified as sellers, balanced and buyers market. Sellers... [read more]

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