Real Estate News: The Latest, Top Articles in Ontario Canada

What a Realtor Does For You Many people use the terms “real estate agent” and “Realtor” interchangeably. While the terms are related, they hold a key distinction. Understanding the Role and Requirements of Realtors helps you choose the right professional for your property journey. Every home buyer and seller should know who they are working […]

Understanding Real Estate Agent Fees and Commissions The complexity of realtor fees and commissions can feel overwhelming for both first-time buyers and seasoned property investors. However, it is an essential part of the real estate process that we cannot ignore. In this article, we will guide you through the intricate web of these fees and […]

Effective Strategies for High-End Property Sales Selling a high-value home requires a distinct and sophisticated approach. The standard methods used for typical properties are often insufficient for the premium market. A successful transaction depends on a deep understanding of the affluent buyer, impeccable presentation, and a precisely executed plan. Effective luxury property sales and marketing […]

Realtor Selection and Relationship – Creating a Successful Partnership Choosing a realtor is more than a simple decision—it is a strategic maneuver in the journey of real estate. An adept realtor holds the power to simplify the process of buying or selling a home, to ensure you get the best deal possible, and to convert […]

Question: What is the Least Expensive Type of Tiny House To Build? Answer: The least expensive type of tiny house are typically DIY builds using salvaged materials and simple designs. Shipping container conversions and pre-owned tiny homes are also budget-friendly options. Affordable Tiny House Options What is the least expensive type of tiny house to […]

The Tiny Home Lifestyle The tiny home movement has captured the imagination of many, promising a simpler, more sustainable, and affordable way of life. But what exactly does “tiny living” entail, and is it right for you? This exploration into the world of tiny homes provides valuable insights for those considering embracing this unique lifestyle. […]

Question: Do You Get Any Money If Your House Is Foreclosed in Ontario? Answer: Yes, you get money if your house is foreclosed in Ontario. After the lender sells your home, if there is money left over after paying the mortgage, legal fees, and all other costs, you are legally entitled to that surplus amount. […]

Question: How Many Mortgage Payments Can You Miss Before Foreclosure in Canada? Answer: While technically one missed payment puts you in default, most Canadian lenders begin legal foreclosure proceedings after two to three missed payments (around 90 days). It is important to communicate with your lender immediately if you anticipate difficulty making a payment to […]

Question: Do I Still Owe the Bank If My House Is Foreclosed in Canada? Answer: Yes, you may still owe the bank if your house is foreclosed in Canada. If the sale of your home doesn’t cover the full mortgage balance and all associated costs, the shortfall is called a deficiency. Your lender can sue […]

Question: What Happens to Tenants When a Property Is Foreclosed in Ontario? Answer: When a property is foreclosed in Ontario, your tenancy is protected. The new owner from a foreclosure becomes your landlord and must honour your existing lease. They can only end the tenancy for a legal reason under the Residential Tenancies Act, providing […]

Question: Can You Stop a Foreclosure Once It Starts in Canada? Answer: Yes, you can stop a foreclosure once it starts in Canada. You have options. Homeowners can often stop the process by paying the mortgage arrears, selling the property, or refinancing with another lender. Taking immediate action is critical to explore these solutions and […]

Question: How Do I Find Pre-foreclosures in My Area? Answer: To find pre-foreclosures in my area, partner with a REALTOR® experienced in Power of Sale properties. Also, explore specialized online listing services that aggregate these opportunities, or monitor public records and legal publications for official Notices of Sale filings in your desired neighbourhood. Finding Pre-Foreclosure […]

Question: What Is the Simplest Solution for a Foreclosure? Answer: Selling your home before the lender completes the power of sale process is often the simplest solution for a foreclosure. This allows you to repay the mortgage, potentially keep any remaining equity, and have more control over the situation, which can lessen the long-term credit […]

Question: How Long Does It Take to Foreclose on a House in Ontario? Answer: The foreclosure process in Ontario is a judicial one that proceeds through the courts. The timeline varies, but it typically takes from six months to over a year, depending on court availability, the homeowner’s response, and the specifics of the case. […]

Question: Does Foreclosure Hurt Your Credit? Answer: Yes, a foreclosure severely hurts your credit. This serious event stays on your credit report for six years in Canada, causing a significant drop in your score and making it very difficult to get approved for future loans, mortgages, or other forms of credit. How a Foreclosure Affects […]

Question: What Is a Foreclosure Fee? Answer: Foreclosure fees are costs a lender charges a defaulting borrower to cover legal and administrative expenses. In Ontario, these typically arise during a Power of Sale and include legal services, appraisals, and property maintenance, which are added to the total mortgage debt owed by the homeowner. The Financial […]

Question: What Separates Duplexes? Answer: What separates duplexes is a shared wall. Each unit has its own entrance, utilities, and living spaces, but they are joined by a common wall. Understanding the Nuances of Duplex Living Duplexes offer a unique blend of private and shared living. “What separates duplexes?” encompasses a range of distinguishing features, […]

Question: What is the Difference Between a Duplex and a Townhouse in Canada? Answer: Differences between and duplex and a townhouse in Canada include: A duplex is a building with two separate dwelling units, either side-by-side or stacked. A townhouse is one of a row of similar units, each with its own entrance and shared […]

Question: What is a Semi-Duplex House? Answer: A semi-detached house is one of a pair of houses built side-by-side, sharing a party wall. Each house has its own separate entrance, yard, and utilities, unlike apartments or townhouses. Understanding Semi-Duplex Houses Many prospective homeowners grapple with the nuances of different housing types. For example, the distinction […]

Question: What is a Duplex in Canada? Answer: A duplex in Canada is a single building containing two separate dwelling units, each with its own kitchen, bathroom, and entrance. They can be side-by-side or one above the other. Understanding Duplexes in Canada Many Canadians seek diverse housing options, and duplexes frequently emerge as a popular […]

Question: What are the Pros and Cons of a Duplex? Answer: Some of the pros of a duplex include: Rental income potential, larger living space than an apartment, owner-occupied option. Some of the cons of a duplex include: Shared walls/noise, responsibility for maintenance/repairs, potential tenant issues. Exploring Duplex Living: An Investment and Lifestyle Choice Duplexes […]

Question: What are the Different Types of Duplexes? Answer: Common types of duplexes include side-by-side, up/down, and stacked duplexes, as well as conversion duplexes (from larger homes) and detached duplexes (two separate structures). Exploring the Variety of Duplex Designs Duplexes offer versatile housing options, appealing to both investors and homeowners. What are the different types […]

Question: Is Duplex the Same as Semi-Detached? Answer: No, a duplex is not the same as semi-detached. A duplex is a building with two separate living units, which can be attached (like a semi-detached) or detached. A semi-detached dwelling always shares a wall with one other dwelling. Duplexes vs Semi-Detached Homes Many people use the […]

Question: Is a Duplex a Good Real Estate Investment? Answer: A duplex can be a good investment. It offers rental income potential and appreciation, while also allowing owner-occupancy. Careful market analysis and property management are crucial. Exploring Duplex Investments: A Path to Real Estate Success? Is a duplex a good real estate investment? Many investors […]

Question: Are Townhouses and Duplexes the Same Thing? Answer: No, townhouses and duplexes are not the same thing. Townhouses share a wall with other units in a row. A duplex is a building with two separate living units, either side-by-side or stacked. Understanding the Differences Between Townhouses and Duplexes Are townhouses and duplexes the same […]

Question: Are Duplexes Good Rental Properties? Answer: Duplexes can be good rental properties. They offer multiple income streams while simplifying management, as both units are on one property. Exploring Duplex Investments: Are They Right for You? The question “Are duplexes good rental properties?” is a common one for aspiring real estate investors. Duplexes offer a […]

Understanding the Duplex: A Two-Family Home A duplex offers a unique housing solution, providing two separate living units within a single building. This configuration creates appealing opportunities for both homeowners and investors. Whether you envision living in one unit and renting the other or generating income from both sides, understanding the nuances of duplex ownership […]

Question: Why Do They Call It a Townhouse? Answer: They call it a townhouse becasue historically, townhouses were the city residences of wealthy families who also owned larger country estates. “Town” referred to their urban location. Decoding the Term “Townhouse” Many people use the terms “townhouse,” “row house,” and even “brownstone” interchangeably. Subtle yet important […]

Question: Who owns the land around a townhouse? Answer: Who owns the land around a townhouse varies. It could be the homeowner, the homeowner’s association, or a combination depending on the specific townhouse development’s legal documents. Deciphering Townhouse Land Ownership Understanding land ownership in a townhouse community can be complex. Unlike detached homes where the […]

Question: What is the Difference Between a Townhouse and a Semi-Detached? Answer: The difference between a townhouse and a semi-detached is a townhouse shares walls with multiple neighbors within a larger complex, while a semi-detached house shares only one wall with one direct neighbor. Townhouse vs. Semi-Detached Many prospective homeowners find themselves weighing the advantages […]

Question: What is the Difference Between a Townhouse and a Detached House? Answer: Differences between a townhouse and a detached home incdule: A townhouse shares one or more walls with adjacent properties, forming a row. A detached house stands alone on its own lot, with no shared walls. Townhouses vs Detached Houses What is the […]

Question: What is Between Townhouse Walls? Answer: What is between townhouse walls depends on the construction. Typically, it’s a party wall consisting of fire-rated drywall, insulation, and possibly air gaps for sound dampening. What Lies Within Townhouse Walls? Sharing a wall with your neighbor is a hallmark of townhouse living. But have you ever stopped […]