By: Maurice King

Money-Wise Hot Water

Tags: Hot Water

A tankless water heater warms-up water only when it's needed, unlike a conventional water heater which heats and reheats the same water 24 hours a day. No holding tank means a tankless water heater:  • Takes up less space than a conventional hot water tank.  • Is energy efficient - no heat loss from water "waiting" to be used - it could save up to 30% from the hot...Read More

By: Maurice King

Chattels & Fixtures. Know What's In The Contract

Tags: Chattels & Fixtures

When looking at a property, sometimes it’s not easy to figure out what’s included in the purchase price. Rule of thumb is – if it takes a tool to remove it, it’s a fixture and should stay with the property. If it’s not attached to the home, then it’s a chattel, and would leave with the Seller. But today the difference is becoming cloudy. For example, a grey are...Read More

By: Maurice King

Lower Humidity by the Bucket. Without The Bucket.

Tags: Lower Humidity 

Even with the unusual weather, the calendar signals that Summer weather is coming. It’s not just the summer heat, humidity also makes our homes feel hotter. A dehumidifier removes moisture from the air, so it feels cooler. Even if the house doesn't feel humid, the basement could always benefit from a separate dehumidifier to remove the extra moisture basements always seem to have. A dow...Read More

Murder and disclosure: recent case law

By: Maurice King

Murder and disclosure: recent case law

Tags: homesellers, real estate, legal issues

Your son is shot and killed in front of your house. When you sell, must this be disclosed? Recent case law provides the answer to this, and disclosure obligations generally, for agents and sellers with regard to emotional vs physical situations that may have occurred at the property. Every time I lead a discussion on disclosure it becomes an emotional exchange with people...Read More

Bank of Canada holds key interest rate steady at 1.75%

By: Maurice King

Bank of Canada holds key interest rate steady at 1.75%

Tags: Bank of Canada holds key interest rate steady at 1.75%

    Canada's central bank is keeping its benchmark interest rate right where it is, suggesting it views the recent slowdown of Canada's economy as "temporary." The Bank of Canada on Wednesday maintained its target for the overnight rate at 1.75 per cent, citing accumulating evidence the economy was showing signs of slowing down in the latter half of last year an...Read More

Despite some positives the US housing market is underperforming

By: Steve Randall

Despite some positives the US housing market is underperforming

Tags: Despite some positives the US housing market is underperforming

US home sales failed to reach their potential again in April as homeowners remained reluctant to sell. The trend of homeowners staying on the sidelines remains even as  lower mortgage rates provide a greater incentive for them to make a move, having been ‘locked in’ by fear or higher rates; and means that the market is still not reaching its potential according to title insurance...Read More

Brooklin Corners

By: Maurice King

Brooklin Corners

Tags: Brooklin Corners

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BoC will cut interest rates twice this year says Capital Economics

By: Maurice King

BoC will cut interest rates twice this year says Capital Economics

Tags: BoC will cut interest rates twice this year says Capital Economics

The Bank of Canada will make two interest rate cuts during 2019 according to Capital Economics. That’s because BoC governor Stephen Poloz may have underestimated the downturn in the housing market and the wider impact to the economy, senior economist for Canada Stephen Brown told BNN Bloomberg. He said that with condo presales in Toronto and Vancouver in 2018, developers have found it harde...Read More

Take A Look Through The Model Home!

By: Maurice King

Take A Look Through The Model Home!

Tags: Take A Look Through The Model Home!

    Click here for video   ...Read More

This RRSP Season, Think TFSA Contribution Too!

By: Maurice King

This RRSP Season, Think TFSA Contribution Too!

Tags: This RRSP Season, Think TFSA Contribution Too!

We're just a few weeks away from the annual RRSP push. This year the TFSA turns 10! And for 2019, the TFSA contribution limit jumps up to $6,000. A TFSA can hold much the same investments as an RRSP, and there are advantages to both. Contributions to an RRSP are tax deductible, TFSA contributions are not. A TFSA earns investment growth and interest tax-free - in an RRSP tax is deferred. RRSP ...Read More