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By: JOSEPH RICHER - Registrar

Is buying a "power of sale" property a good way to get a deal on a home?

Tags: Homes in Toronto, House Prices

Is buying a “power of sale” property a good way to get a deal on a home? Just so we’re all on the same page, let me clarify “power of sale.” Basically, if a homeowner defaults on their mortgage, the bank can take steps to sell the property to recover the money that’s owed to them. It seems to be a common misconception that power of sale properties are so...Read More

By: Adrian Gennuso

Agents on the hook for illegal in-law suites

Tags: homes,toronto,detached,basement,in-law suites

Agents on the hook for illegal in-law suites Discipline hearings signal need for fuller knowledge about two-unit homes Dreamstime photo Real estate agents now seem to be required to confirm the legality of in-house apartments after recent RECO discipline decisions.   By: Bob Aaron Property law, Published on Fri Oct 03 2014 The Real Estate Cou...Read More

By: Adrian Gennuso

Oliver responds to calls for more housing regulation

Tags: Interest rates, mortgages, housing, rates, cooling mortgage rates, cmhc

by Justin da Rosa | 13 Jun 2014 Joe Oliver responded to the critics calling for more active participation from the minister in reining in housing industry and cooling mortgage rates. “I don’t think it’s the role of government to set interest rates or rates for mortgages,” Oliver said on Business News Network Wednesday. “The rates are quite low and they’ve ...Read More

By: Adrian Gennuso

Tags: homes, first time home buyer, tax credits, income tax, durham

  It's getting to be tax time again!   If you were a first time home buyer last year, you may want to make sure that you know about line 359 on your income tax return. Its called the First Time Home Buyer’s Tax Credit, and it allows for a tax credit of up to 15% of closing costs to a maximum of $5,000.00 so effectively $750. Where more than one person purchases the $750...Read More