Are you thinking of buying a home? Get all the info you need right here, from what to consider before making an offer to what to do once you're a homeowner.

In Ontario, there is no set time frame for how long you have to respond to an offer on your home. It is up to the parties involved to come to an agreement on the terms of the sale and the deadline for acceptance of the offer.

Typically, the seller will have 24 to 48 hours to review the offer and decide whether to accept, reject, or counter the offer.

We always recommended consulting with a real estate lawyer for legal advice regarding the sale of your home.

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Common law divorce in Ontario refers to the process of ending a common law relationship (also known as a marriage-like relationship) without going through the formal process of obtaining a divorce order from a court. In Ontario, common law couples do not have the same legal rights and obligations as married couples, and therefore the process of ending the relationship is different.

To end a common law relationship in Ontario, either party can simply move out of the home and take their belongings with them. There is no legal requirement to file any documents or go to court. However, if the couple has children or shared assets, such as a house, they will need to come to an agreement on how to divide these things. If they are unable…

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What are condo fees, how are they calculated, and what do they cover? Condos have become the home of choice for many Canadian homebuyers, particularly first-timers, but increasingly move-up buyers as well. But many don’t understand this lifestyle option before deciding that it’s right for them.

Homeowners are drawn to condo living for a variety of reasons. It is a good option as residents age and can no longer care for a house or want to downsize. There is less maintenance and repair responsibility and more security features. But the big draw is often on-site amenities such as a swimming pool that you would not otherwise be able to afford.

Affordability is a big factor behind the relatively recent shift to condo living, but…

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Renting VS Buying

The decision between renting or buying a house should take into account the length of time you plan to stay in a particular area. In general, if you expect to stay in the same location for a longer period of time, it is more cost-effective to purchase a home. This is because the value of the home tends to increase over time, and the expenses associated with buying and selling a home (which can amount to around 5% of the property's selling price) are spread out over a longer period. These expenses can include real estate agent commissions and legal fees for the seller, and closing costs such as land transfer taxes and legal fees for the buyer.

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When looking for a good mortgage rate, there are two main options: going directly through a bank or working with a mortgage broker. Each can be a good option, depending on your financial situation. So how do you decide which one to try? Let’s look at the difference between banks versus mortgage brokers, their pros and cons, and how to figure out which is best for you.

The Difference Between Banks Versus Mortgage Brokers

The big difference between a bank and a mortgage broker is that a mortgage broker can provide you with mortgage products from several different lenders, while a bank can only give you the mortgage option from their own company. Mortgage brokers have access to a variety of lenders and rates, which means they can find the lowest…

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If you dream of rural living, you may have considered buying acreage and are looking around at different options. An acreage can provide a cozy style of country living, whether close to an urban centre or out in the middle of nowhere. Buying an acreage property is a bit different than buying a more traditional home, so let’s take a look at some of the things you should consider.

5 Factors to Consider when Buying an Acreage

The Size of the Acreage

The size of the acreage you want to purchase will influence the type of mortgage that you apply for. Mortgage lenders will likely approve up to a certain number of acres with a house and garage, and varies based on the location. A property located close to an urban centre and under 10 acres will…

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The Canadian government has set its sights on the house-flipping industry to cool housing prices.  Ottawa holds that slapped an anti-flipping tax would help bring down home valuations, allowing for more prospective buyers in Canada's real estate market and lower costs associated with buying or selling homes as well as interest rates during transactions - all of which can be good news if you're looking at getting into this business!

After doing some research we found there are actually five important things every entrepreneur needs before they start investing their hard earned cash into profitable endeavors like purchasing houses themselves (or renting them out).

Here is our list:

#1 The Math

When you flip a house, it's not just about the…

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As the warmer spring weather moves in, the real estate industry is on fire. Hundreds of thousands of Canadians are itching to relocate, which then has ignited the seller’s market – whether it’s to move closer to family, closer to nature, away from crowded metro areas and into a bigger work-from-home space.

And, because buyer competition and demand is at a record-high in 2021, with inventory low, nearly 45 percent of home buyers were willing to buy a home unseen to snatch up a property off the market even more quickly.  Before you take that risk, here are a few tips to consider as a safety net of protection during the process:

Choose the Right Real Estate Agent.

You want to partner with a real estate agent you can trust – especially in this…

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Any experienced home buyer will tell you that there are certain things many new home buyers wish they had known before buying. The problem is, that you don’t know what you don’t know, and these are not things you’re going to want to learn the hard way. Because a home is such a large purchase and commitment, sometimes decisions made – or not made – during the buying process can cause short-term stress or make the process more complicated, while others may even have long-term effects. To make your home buying process successful, look at these things new home buyers wish they had known. Do your best to build them into your home buying process, and you’ll go into the experience feeling well-equipped and excited.

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What Types Of Mortgages Area Available To Me As A Homebuyer In Ontario?

Buying a home is an expensive decision that requires careful consideration. Potential buyers should understand the different rates, amortization periods and penalties associated with each type of mortgage before they make their choice which often boils down to personal preferences like how much risk you're willing to take on or what interest rate would work best for your situation at this time in order get financing approved as quickly possible so it doesn't drag out too long waiting around!

Types of Mortgages

Open Mortgage

Lets buyers pay off debt whenever they want, without what's known as a prepayment penalty.  This option provides flexibility, but interest rates…

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