‘Tis the season of snow-kissed rooftops and twinkling lights, and amidst the festive cheer, the winter season unveils special opportunities for prospective homebuyers in Canada. Join us in this holiday as we unwrap the advantages of embarking on a home-hunting adventure during this merry season. We’ll dive into the enchanting realm of house-hunting during the… Continue reading Unlocking Winter Wonders: How the Holiday Season Influences Real Estate Deals in Canada
Have you ever considered expanding your real estate investments beyond the confines of your home province? Whether you’re a seasoned property owner or just dipping your toes into the world of real estate, the prospect of investing in another province can be both thrilling and financially rewarding. At Passgo, our journey into the… Continue reading Investing in Real Estate Outside of Ontario: Tips for Success
When it comes to buying a home, one of the pivotal decisions you’ll make is how much to put down as a down payment. It’s a financial move that can significantly impact your short-term and long-term financial health. In this article, we’ll delve into two common down payment strategies—opting for a 5% down payment and… Continue reading Navigating Homeownership: Pros and Cons of Different Down Payment Strategies
On November 9, 2023, Canadians faced a stark reality as interest rates surged, marking the fastest and most significant increase in over four decades. This abrupt shift in the financial landscape has sent shockwaves through the real estate market, affecting homeowners, prospective buyers, and the broader economy. In this blog, we delve into the repercussions… Continue reading The Impact of Rising Interest Rates on Mortgages and Real Estate in Canada
If you are a prospective first-time homebuyer in Canada, maximizing the benefits of your First Home Savings Account (FHSA) is crucial. In this comprehensive guide, we will walk you through the key aspects of FHSA, from understanding its eligibility criteria to making contributions and withdrawals. Let us dive in and explore how you can make… Continue reading A Guide to Maximizing Your First-time Home Buyers’ Savings Account (FHSA) in Canada
Purchasing a home in Ontario brings with it a series of considerations, one of the most significant being the Ontario Land Transfer Tax. For first-time homebuyers, navigating through the complexities of this tax can be overwhelming. In this guide, we will break down the intricacies of Ontario and Toronto’s Land Transfer Taxes, exploring their rates,… Continue reading Unlocking the Doors to Homeownership: A Comprehensive Guide to Ontario Land Transfer Taxes
When investing in real estate, the last thing you want is a boundary dispute with a neighboring property owner. Enter the realm of encroachment agreements, a legally binding solution that addresses the complexities of property boundaries and shared structures. In this comprehensive guide, we’ll delve into what encroachment agreements entail, when they are necessary, and… Continue reading Navigating Real Estate Boundaries: Understanding Encroachment Agreements
In the ever-changing landscape of modern relationships in Canada, cohabitation has become increasingly prevalent before marriage. This shift introduces unique challenges, especially concerning real estate ownership within the context of a partnership. As specialists in Canadian real estate law, we frequently advise clients on safeguarding their interests, particularly when one partner is the sole owner… Continue reading Safeguarding Your Home: Navigating Cohabitation and Real Estate
Problems after taking possession of a new home can be a homeowner’s worst nightmare. From flooding basements to concealed defects, these issues can leave you wondering if you can take legal action against the seller. In this article, we will explore the challenges of dealing with problems that arise both at the time of possession… Continue reading Problems After Possession: Suing Sellers and Navigating Homeowner Nightmares
Dower rights, an integral part of Alberta law for many years, serve as a crucial safeguard for spouses who are not listed on the title to their property. The lack of awareness about these rights can lead to costly complications and challenges. In this blog, we will delve into the history, purpose, and requirements of… Continue reading Understanding Dower Consent: Protecting Spousal Rights in Alberta
