In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

While it is known that good smell can add lots to the selling process, I say, too much of a good smell is not good. Every home has it's unique smell, it is built with time and it usually references to the style of the home owners. But when selling your house, your style can be not the style that can help you with the process. Eric Spangenberg, Dean of the College of Business at Washington State University, has spent years studying the effect of smell on buying behavior.... [read more]

A 72-acre piece of land on Mississauga's waterfront is set to be reborn as a mixed-use development consisting of housing, retail and a new waterfront park. The former industrial property, vacant for almost three decades and located at 70 Mississauga Road South in Port Credit, was sold by Imperial Oil Ltd. to a real estate consortium called the West Village Partners in 2016. On Monday, the consortium revealed its plans for the development they call "West Village," which they describe as a... [read more]

We have recently noticed the change in property prices with the beginning of 2017. This article will help you understand the background and will present some important announcements considering Toronto and the GTA that was released by The Canadian Real Estate Association (CREA).  The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and... [read more]

It’s easy to feel overwhelmed and confused by all the decisions that go into buying a new home in Canada, but if you are well prepared that can be reduced. As I always say: If you want to buy a property tomorrow, start planning today! Your budget plan should start two years before the offer day and that should be communicated with all the members that will be involved in this saving plan. Here are few tips on how to budget for a home and be prepared for this important... [read more]