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

Get the most recent real estate news and real estate trends to hit Ontario's housing industry.

Best of Real Estate Articles

Understanding the Role and Requirements of Realtors

Understanding the Role and Requirements of Realtors

Understanding the Role and Requirements of Real Estate Agents – Navigating the Complexities of Real Estate Agent Compensation A realtor stands as a beacon of guidance in the complex labyrinth of real estate transactions. They assist buyers and sellers alike, offering insights into the market, advice on property values, and support during negotiations. Furthermore, realtors […]
Realtor fees and commissions

Realtor Fees and Commissions

Real Estate Agent Fees and Commissions – Understanding Realtor Fees and Commissions Unraveling 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 […]
Relocation Information

Relocation Information

Real Estate Solutions for Your Next Move Relocating, an event that can incite both excitement and anxiety, is a complex process that involves much more than just a change of address. For many, the process can be overwhelming, with tasks such as finding a new home, understanding a new environment, dealing with the logistical aspects […]
Luxury property sales and marketing

Luxury Property Sales and Marketing

Luxury Property Sales and Marketing – The Power of Elegance The world of luxury real estate is a unique realm that requires specific expertise. Sales and marketing in this sphere go beyond the usual aspects of property transactions. It’s an arena where property features blend with lifestyle elements, where aspirational value meets tangible assets, and […]
Realtor Selection and Relationship - Forging a Winning Partnership

Realtor Selection and Relationship – Forging a Winning Partnership

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 perplexing process of buying or selling a home, to ensure you get the best deal possible […]
Navigating Property Matters During a Separation and Divorce

Navigating Property Matters During a Separation and Divorce

Navigating Property Matters During a Separation and Divorce: Simplifying Property Division Going through a divorce is a challenging and emotional process, and navigating property matters during a separation and divorce can add another layer of complexity. Divorce real estate agents specialize in working with these sensitive situations, assisting both parties in reaching a fair and […]
Maximizing Success in Rural Real Estate

Maximizing Success in Rural Real Estate

Maximizing Success in Rural Real Estate – Rural Real Estate with Specialized Agents When it comes to rural real estate, working with a specialized agent can make all the difference in achieving your goals. Rural real estate agents possess unique knowledge and expertise that can help you navigate the complexities of rural property transactions. In […]
Understanding the Investment Property Market

Understanding the Investment Property Market

Understanding the Investment Property Market – The Role of Investment Realtors Investment realtors are not only conduits for buying and selling properties; they’re also trusted guides, navigating the tumultuous waves of the real estate market. They study and comprehend local and regional property trends and use that knowledge to advise clients. This level of expertise […]
Maximizing Your Commercial Real Estate Success

Maximizing Your Commercial Real Estate Success

Maximizing Your Commercial Real Estate Success – Unlocking Opportunities Commercial realtors are real estate professionals who specialize in assisting clients with the buying, selling, and leasing of commercial properties. These experts possess the skills, knowledge, and resources necessary to navigate the complexities of commercial real estate transactions. In this article, we’ll explore the various roles […]
Retirement, Helping You Find the Perfect Home for Your Golden Years

Retirement, Helping You Find the Perfect Home for Your Golden Years

Your Guide to a Comfortable and Fulfilling Retirement Home Search As you approach retirement, finding the right home for your golden years is an important decision. These realtors specialize in helping you navigate the unique challenges and opportunities associated with finding the perfect home for your retirement. In this article, we’ll explore the benefits of […]
Estate Sales: We are Your Partners in Property Liquidation

Estate Sales: We are Your Partners in Property Liquidation

Question: How Can an Estate Sale Realtor Assist You in the Process of Property Liquidation? Answer: An estate sale realtor can provide expertise in pricing, marketing, and managing the sale of assets during the property liquidation process. Estate Sales: We are Your Partners in Property Liquidation – How Realtors Facilitate Seamless Transitions Dealing with the […]
First Time Homebuyer Real Estate Info

First Time Homebuyer Real Estate Info

Question: How do you choose the right first-time homebuyer realtor for your needs? Answer: Choose a realtor who understands your needs provides first time homebuyer real estate info, has local market expertise, good communication skills, and a track record of success. First Time Homebuyer Real Estate Info: Turning Dreams into Reality Buying a home for […]

Latest Articles: Everything Real Estate

Does Being a Guarantor Affect Credit Score?

Does Being a Guarantor Affect Credit Score?

Question: Does Being a Guarantor Affect Credit Score? Answer: Being a guarantor may not directly affect your credit score unless the borrower defaults on the loan. However, if you are required to make payments as a guarantor and fail to do so, it could negatively impact your credit score. The Guarantor’s Impact: Does Being a […]
Can a Guarantor Have Bad Credit?

Can a Guarantor Have Bad Credit?

Question: Can a Guarantor Have Bad Credit? Answer: Yes, a guarantor can have bad credit, but it may affect their ability to secure the loan or rental agreement, as lenders typically prefer guarantors with good credit scores and stable financial histories. Beyond the Score: Can Someone with Bad Credit Be a Guarantor? The concept of […]
Do You Need a Good Credit Score if You Have a Guarantor?

Do You Need a Good Credit Score if You Have a Guarantor?

Question: Do You Need a Good Credit Score if You Have a Guarantor? Answer: You do not need a good credit score if you have a guarantor, but having a decent credit score can still improve your chances of loan approval as it reflects your ability to manage debt responsibly. The Power of a Guarantor: […]
How Can a Guarantor Protect Themselves?

How Can a Guarantor Protect Themselves?

Question: How Can a Guarantor Protect Themselves? Answer: A guarantor can protect themselves by thoroughly understanding the loan terms, ensuring the borrower can make payments, setting clear agreements with the borrower, and possibly securing collateral or seeking legal advice before agreeing. Safeguarding Your Finances: How Guarantors Can Minimize Risk Acting as a guarantor can be […]
What are the Pros and Cons of Being a Guarantor?

What are the Pros and Cons of Being a Guarantor?

Question: What are the Pros and Cons of Being a Guarantor? Answer: The Pros of being a guarantor include helping a friend or family member secure a loan or rental. The cons include financial liability if the borrower defaults, potential damage to your credit score, and reduced borrowing capacity for your own needs. A Helping […]
How Long is a Guarantor Liable?

How Long is a Guarantor Liable?

Question: How Long is a Guarantor Liable? Answer: A guarantor is liable for the duration of the loan until it is fully repaid, unless the loan is refinanced, the guarantor is replaced, or specific release conditions are met. On the Hook for How Long? Understanding a Guarantor’s Liability Duration Acting as a guarantor involves a […]
What are the Risks of Being a Guarantor?

What are the Risks of Being a Guarantor?

Question: What are the Risks of Being a Guarantor? Answer: The risks of being a guarantor include financial liability if the borrower defaults, damage to your credit score, reduced borrowing capacity for your own needs, and potential legal complications. Understanding the Risks and Responsibilities of Being a Guarantor Agreeing to be a guarantor is an […]
Can a Guarantor Get in Trouble?

Can a Guarantor Get in Trouble?

Question: Can a Guarantor Get in Trouble? Answer: Yes, a guarantor can get in trouble if the borrower defaults on the loan. The guarantor is legally responsible for repaying the debt, which can lead to financial strain, damage to their credit score, and potential legal action. The Potential Consequences of Being a Guarantor Agreeing to […]
Can a Friend Act as a Guarantor?

Can a Friend Act as a Guarantor?

Question: Can a Friend Act as a Guarantor? Answer: Yes, a friend can act as a guarantor, provided they meet the lender’s criteria, which typically include having a good credit score, stable income, and a strong financial history. Friendly Favor or Financial Folly? Considering a Friend as a Guarantor The search for an apartment or […]
Can My Guarantor be a Family Member?

Can My Guarantor be a Family Member?

Question: Can My Guarantor be a Family Member? Answer: Yes, your guarantor can be a family member, such as a parent, sibling, or grandparent, provided they meet the lender’s requirements and are willing to take on the financial responsibility if you default on the loan. Family First? The Pros and Cons of Choosing a Family […]
Who is the Best Person to be a Guarantor?

Who is the Best Person to be a Guarantor?

Question: Who is the Best Person to be a Guarantor? Answer: The best person to be a guarantor is someone with a stable financial situation, good credit history, and a strong relationship with the borrower, as they will be responsible for repaying the debt if the borrower defaults. Finding the Right Fit: Selecting a Guarantor […]
Who Can be a Guarantor in Canada?

Who Can be a Guarantor in Canada?

Question: Who Can be a Guarantor in Canada? Answer: In Canada, a guarantor can be a friend, family member, or anyone who meets the lender’s criteria, which typically include having a good credit score, stable income, and a strong financial history. Understanding Guarantor Eligibility Requirements in Canada Guarantors play an important role in various situations. […]
What Happens to the Guarantor if the Borrower Dies?

What Happens to the Guarantor if the Borrower Dies?

Question: What Happens to the Guarantor if the Borrower Dies? Answer: If the borrower dies, the guarantor is still responsible for the remaining debt. The lender can require the guarantor to continue payments until the loan is fully repaid. The Guarantor’s Responsibility: Facing the Unexpected – Borrower Death Acting as a guarantor on a mortgage […]
Does a Guarantor Lower Interest Rates?

Does a Guarantor Lower Interest Rates?

Question: Does a Guarantor Lower Interest Rates? Answer: Having a guarantor can lower interest rates by reducing the lender’s risk, but it primarily increases the chances of loan approval rather than directly affecting the interest rate. Securing a Mortgage: Can a Guarantor Help You Land a Lower Interest Rate? The process of securing a mortgage […]
What are the Risks of Being a Guarantor on a Mortgage?

What are the Risks of Being a Guarantor on a Mortgage?

Question: What are the Risks of Being a Guarantor on a Mortgage? Answer: The risks of being a guarantor on a mortgage include financial liability if the borrower defaults, potential damage to your credit score, reduced ability to secure your own loans, and strained personal relationships. The Guarantor’s Responsibility: Understanding the Potential Risks Being a […]
What are the Disadvantages of Being a Guarantor on a Mortgage?

What are the Disadvantages of Being a Guarantor on a Mortgage?

Question: What are the Disadvantages of Being a Guarantor on a Mortgage? Answer: The disadvantages of being a guarantor on a mortgage include potential financial liability if the borrower defaults, a negative impact on your credit score, reduced borrowing capacity for your own needs, and potential legal complications. The Guarantor’s Responsibility: Weighing the Downsides Before […]
Does a Guarantor Go on the Mortgage?

Does a Guarantor Go on the Mortgage?

Question: Does a Guarantor Go on the Mortgage? Answer: No, a guarantor does not go on the mortgage title but is responsible for repaying the loan if the primary borrower defaults. The guarantor provides additional security for the lender without having ownership of the property. The Guarantor’s Place: Separating Fact from Fiction in Homeownership The […]
How Do I Remove a Guarantor from a Mortgage?

How Do I Remove a Guarantor from a Mortgage?

Question: How Do I Remove a Guarantor from a Mortgage? Answer: To remove a guarantor from a mortgage, you typically need to refinance the loan, replace the guarantor with another one, or meet the lender’s conditions for releasing the guarantor, which may include proving the borrower’s ability to repay independently. Freeing Up Your Finances: A […]
Does a Mortgage Guarantor Go on Title?

Does a Mortgage Guarantor Go on Title?

Question: Does a Mortgage Guarantor Go on Title? Answer: No, a mortgage guarantor does not go on the title. The guarantor is only responsible for ensuring the loan is repaid if the borrower defaults, but they do not have ownership rights to the property. Guarantor on the Title? Understanding Roles in Homeownership The process of […]
How Much Can a Guarantor Increase Your Mortgage?

How Much Can a Guarantor Increase Your Mortgage?

Question: How Much Can a Guarantor Increase Your Mortgage? Answer: A guarantor can increase your mortgage approval chances and potentially the amount you can borrow by providing additional security, but the exact increase depends on the lender’s policies and the guarantor’s financial standing. The Guarantor’s Advantage: Understanding the Potential Increase in Mortgage Eligibility Having a […]
Does Being a Guarantor Affect My Mortgage?

Does Being a Guarantor Affect My Mortgage?

Question: Does Being a Guarantor Affect My Mortgage? Answer: Being a guarantor can affect your mortgage eligibility as it increases your overall debt obligations and may impact your ability to qualify for additional loans or credit. The Guarantor’s Impact: Understanding How It Affects Your Mortgage Eligibility Guaranteeing a loan can be a way to support […]
Can a Bank Recover Money From a Guarantor?

Can a Bank Recover Money From a Guarantor?

Question: Can a Bank Recover Money From a Guarantor? Answer: Yes, a bank can recover money from a guarantor if the primary borrower defaults on the loan, as the guarantor is legally obligated to fulfill the financial commitments outlined in the agreement. The Guarantor’s Responsibility: When Banks Pursue Repayment Guarantors play an important role in […]
Can You Remove Yourself as a Guarantor?

Can You Remove Yourself as a Guarantor?

Question: Can You Remove Yourself as a Guarantor? Answer: You can remove yourself as a guarantor only if the lender or landlord agrees, which often requires refinancing, replacing the guarantor, or meeting specific conditions outlined in the contract. Exiting the Guarantee: Exploring Options for Guarantor Release Acting as a guarantor for someone’s loan can be […]
How Long Does a Guarantor Stay on a Loan?

How Long Does a Guarantor Stay on a Loan?

Question: How Long Does a Guarantor Stay on a Loan? Answer: A guarantor stays on a loan until it is fully repaid, unless the terms allow for release or substitution of the guarantor under specific conditions. The Guarantor’s Commitment: Understanding the Duration of Liability Guarantors play a vital role in securing loans, acting as a […]
Can I Use Anyone as a Guarantor?

Can I Use Anyone as a Guarantor?

Question: Can I Use Anyone as a Guarantor? Answer: You can use anyone as a guarantor, provided they meet the lender’s or landlord’s requirements, which typically include having good credit, a stable income, and a strong financial history. Not Just Anyone Will Do: Understanding Guarantor Eligibility Being a guarantor is a significant responsibility. It involves […]
What is an Example of a Guarantor?

What is an Example of a Guarantor?

Question: What is an Example of a Guarantor? Answer: An example of a guarantor is a parent who co-signs their child’s rental agreement, agreeing to cover the rent if the child cannot pay. Understanding the Role of a Guarantor Guarantors play an important role in many financial situations, but their role can sometimes seem abstract. […]
What Does Having a Guarantor Do?

What Does Having a Guarantor Do?

Question: What Does Having a Guarantor Do? Answer: Having a guarantor increases the likelihood of loan or rental approval by providing the lender or landlord with additional security, ensuring the debt will be paid even if the primary borrower defaults. What Role Does a Guarantor Play in a Loan Agreement? Having a guarantor can significantly […]
Why Would Someone be a Guarantor?

Why Would Someone be a Guarantor?

Question: Why Would Someone be a Guarantor? Answer: Someone would be a guarantor to help a friend or family member secure a loan or rental agreement, especially if the primary borrower has insufficient credit or financial history. Why Would Someone Agree to Be a Guarantor? The decision to become a guarantor is not one to […]