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What is the Foreign Buyers Tax (Non-Resident Speculation Tax)?

The Foreign buyers property tax, or Non-Resident Speculation Tax (NRST) is a term thrown around a lot in real estate. There’s often confusion about what it is and who it applies to, so here’s an overview of the tax. What is it? The Non-Resident Speculation Tax, referred to as “NRST” by most people, is a…Read More

The Wording of a Home Inspection Clause Can Cost you Thousands of Dollars

Real Estate transactions in Ontario are usually dependant upon one or more conditions, one of which is commonly a home inspection condition. This means that if the buyer finds serious issues with the seller’s property, they may be entitled to walk away from the purchase. Surprisingly, while this condition is found in the majority of…Read More

4 Ways to Make your Home Inspection a Success

A buyer’s home inspection can sometimes feel like a daunting task, especially if you don’t know where to start. Thankfully, a number of professionals and experienced individuals can help you with this process. Conducting a home inspection can be simple and straight-forward if you plan well and thoroughly, and here’s how to do just that. …Read More

Everything You’ve Ever Wanted to Know About Agreements of Purchase and Sale

What is an Agreement of Purchase and Sale? In Ontario, a real estate transaction must be in writing to be legally binding. An agreement of purchase and sale (APS) is the written contract detailing the specifics of a transaction between the buyer and seller of a property. It’s often referred to as the basis of…Read More

The Dangers of Going in with a Firm Offer

At a time when real estate prices are high, competition for properties is intense, and the price of homes seems to continuously and steadily increase, it is more important than ever to ensure that home buying decisions are not motivated by emotions. Emotional purchases tend to lack preparation and often result in submitting firm offers….Read More

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