Matthew Wilson, LLB, CS From time to time a purchaser will want to purchase real estate before the corporation that will own the real estate is incorporated. The agreement of purchase and sale might be entered into by an individual “in trust for a corporation to be incorporated without any personal liability”. Does this change what […]
A flood in Fort McMurray this past spring costing $100 million in damages. A June hailstorm in Calgary, now ranking as the fourth largest claim in Canadian history at $1.2 billion. These are just two examples of recent catastrophic losses impacting insuranceacross the country and contributing to a hard market, where premiums are increasing andcapacity […]
CRA cracking down on abuse of principal residence exemptions, but their assessments aren’t written in stone Jamie Golombek: If it’s determined that you’re regularly buying and selling homes, you can be denied the PRE There are very few things that are tax-free: investment income in your TFSA, lottery and casino winnings, purchasing six or more […]
What is Asbestos? Where is it? Asbestos was often used in the construction of residential properties, particularly in the 1950s to 1970s. Asbestos was primarily used as an insulator because it is heat resistant and has a high tensile strength. It was contained in products such as pipe and duct insulation on heating systems, sealers […]
Canada – Inflation Rate 10 years Canada – Unemployment rate
If you bought a house before the coronavirus crisis hit, don’t expect force majeure to save you FINANCIAL POST MARCH 28, 2020 Real estate transactions, even at the best of times, are complicated and stressful for buyers and sellers. For the thousands of people who made or received firm offers before the coronavirus outbreak changed everything […]
Globe & Mail March 11 2020 Every financial market you can think of is in an uproar right now, but not Toronto real estate. Sales of houses and condos for the first week of March were up 47 per cent over the same period last year and average prices rose 18 per cent, said John Pasalis, […]
Unstoppable condo sales put Toronto market at risk of overheating: CMHC TORONTO STAR – JOSH RUBIN FEBRUARY 20, 2020 The real estate market in the Toronto area is in danger of overheating, with condos driving much of the momentum, according to a new report from the Canada Mortgage and Housing Corporation. The CMHC’s quarterly market assessment, […]
UPDATE: Their stock is tanking… while their competitor’s soars… Forbes 2020/1/22 Purplebricks Canada has offered its employees paid days off in exchange for made up positive reviews on Facebook and Google. In an email sent by Purplebricks Canada marketing department to the company’s whole 200-people staff, exclusively obtained by this reporter, the online estate agent […]
