New Measures Introduced in Ontario to Cool Blazing Real Estate Market

Premier Kathleen Wynne today announced measures for controlling the real estate market in an effort to protect local buyers from getting priced out by escalating rents and swelling home prices 16 measures — most of which must be passed legislatively before being implemented were announced. They include: A 15% tax on home purchases by non-resident foreigners in […]

sales data London Ontario

List vs Sale Price London Ontario Real Estate Market

Here is a snapshot of list/sell prices on today’s closed deals. The ones highlighted in yellow were sold for list or over list price. This gives you an overview of what’s happening in the local market. If you are looking to buy you need to be ready to make an offer and if you are […]

new mortgage rules London

How the New Mortgage Rules Affect You

With Toronto and Vancouver home prices soaring to unprecedented heights amid years of historically low interest rates, regulators have stepped in to introduce new mortgage rules aimed at tightening up the market.  Industry officials estimate that roughly 1 in 12 new home purchases could be impacted. Here are some examples of how these changes could affect you in our local London home […]

Disclosing Defects

Buyer Beware when it comes to real estate. Author: Kristina Bradley In the world of residential real estate, there are two kinds of defect that buyers and sellers should be aware of. The patent and the latent. Patent Defects Patent defects are those that can be discovered by inspection and ordinary vigilance on the part […]

Real Estate Agent London Ontario

Are you wondering what to look for in a local to London Ontario Real estate agent? In my opinion there are two types of Realtors in the world and London Ontario is a smaller segment of “the world”.  Those Herb Tarlick old school boys club, before the internet, used car, slick sales pitch men who […]

Fall Home Maintenance Tips

Leaves are falling! It seems premature but in case you need some time to mentally prepare yourself here are a few things you can do in the coming months to protect your home inside and out.  Interior Maintenance Seal windows and doors to reduce drafts and water seepage Have furnace and hot water tank inspected for […]

new traffic laws ontario

Ontario’s New Traffic Laws

Ontario’s new “Making Ontario Roads Safer Act” (Bill 31) will come into effect September 1st creating some new rules for driving and stiffer penalties for breaking them. Distracted Driving Looking at, texting or talking on your phone while driving currently incurs a fine of approximately $200.  As of September 1st Fine:  up to $1,000 and 3 demerit points. Drivers […]

Closing Costs

You should allow at least 1.5% of the purchase price for closing costs although I recommend approximately 2% to be on the safe side. These may be made up of the following fees: Legal Fee and Disbursements A lawyer will charge a fee for their professional services involved in drafting the title deed, preparing the […]