Most lenders offer two types of mortgages: Open and Closed. The main difference between open and closed mortgages is the amount of flexibility you have...
What do lenders require? Mortgage lenders use two calculations to help determine your eligibility for a mortgage – you Gross Debt Service (GDS)...
On the issue of disclosure and latent defects, an Ontario Small Claims Court judge recently awarded a ruling in favor of a buyer who alleged that the seller...
Below are some common clauses inserted in the sale agreement when buying a cottage, which you may not see when buying a house in Toronto. These clauses...
Five remedies are available in relation to a breach of contract involving real property. Rescission Rescission involves the revocation or cancelation...
The Residential Tenancies Act allows a tenant to be evicted if they have not paid their rent. You can serve the tenant with a notice of non-payment of...
Glaciation transformed the Muskoka River into a giant staircase - a series of basins stepping down the side of the Algonquin Dome. Waterfalls and rapids...
Many cottage owners now realize that something is amiss on their lake or river. They notice fish populations declining. They see fewer birds,...
It is important that when thinking of employing a Home Inspector for your cottage that you are considering purchasing that you understand what a home inspection...
One of the other important elements of contract law, is the requirement of consideration. A definition of "consideration" which is: ".....
The below clauses where drawn up by some attorney on behalf of the Ontario Real Estate Association and is meant to be fair and un-ambiguous to all parties,...
Certain elements must be present to make an agreement to purchase property enforceable. The parties entering into a contract must be legally competent...
Any provision in a tenancy agreement that forbids animals (frequently referred to as the no pet provision) is in violation of the Act. In other words,...
For a landlord it is always better to have a third party indemnity rather than a guarantee. If a tenant defaults, the indemnitor is primarily liable, whereas...
Many homeowners believe that adequate surge protection begins and ends with plugging their computer into a power strip. Unfortunately, that's seldom...
Closing down a cottage at the end of a long, relaxing summer is important to insure harsh winter weather doesn't play havoc on plumbing or other fixtures....
Under the principle of caveat emptor, the buyer could not recover damages from the seller for defects on the property that rendered the property unfit...
Chattels are generally considered private property that is movable, as opposed to fixtures which is part of the real property, which are attached to the...
Radon is a naturally occurring radioactive gas produced by the breakdown of the uranium in soil, rocks, and water and is present in all houses. Left unmitigated,...
The good thing with a bathroom renovation is that those looking to do them are typically not looking to completely redo the room. Most of the time, the...
18 71 Laguna Parkway, Simcoe Lake
3413 Flat Rapids Lane, Severn
5 Invermara Court Court Unit# 8, Lake Simcoe
17 Gainsborough Road, Bracebridge
83 Douglas Drive, Bracebridge
148 Toronto Street, Bracebridge
