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Canadian Real Estate/Questions
| Subject | Date Asked | Expert |
| condo by-laws | 1/29/2012 | Derek Hamilton |
| Q: Can a condo make a rule that all owners with dogs have to use the basement entrance and not the main ... A: Are you a Tenant or Owner of the Condo? The Condo board will have a board of Directors that can make ... | ||
| Real estate investment options | 1/4/2012 | Penny MacKenzie |
| Q: -I have $20000 cash -My revenues minus my expenses i am left with $300 every month What kind of ... A: As a first step in determining what your option are you should meet with your Mortgage Specialist at ... | ||
| Capital Gains | 11/15/2011 | Penny MacKenzie |
| Q: We recently emigrated from British Columbia, Canada. We sold our principle property prior to ... A: I don't believe so - but check with your Accountant to be sure. Here's a link to Rev Canada Capital ... | ||
| CO-OPs and their varied forms. | 10/30/2011 | Derek Hamilton |
| Q: Hamilton, My mother would like to buy a condo in Toronto, Ontario in a few years. Sometimes she ... A: Ideally I think your investment would be better Purchasing a Condo on the subway line from the lake ... | ||
| what's the definition of a bedroom? | 10/30/2011 | Penny MacKenzie |
| Q: MacKenzie, My mom is starting to look for a condo in Toronto, Ontario. We're confused as to what ... A: In my opinion the true definition of a bedroom is one that has a closet and a window directly to the ... | ||
| Conditional offer and seller's remorse. | 10/8/2011 | Penny MacKenzie |
| Q: We made a conditional offer to buy a house upon selling our property. Due to health and financial ... A: As a seller you are not obligated to sell your home whether you get a full price offer or even one ... | ||
| acepting conditional offers | 9/22/2011 | Penny MacKenzie |
| Q: How long does the seller of a property give for the purchaser to fulfill conditions of financing & ... A: Typically we provide five banking days (Sat, Sun and Holidays excluded) for finance and inspection. ... | ||
| Should I accept an unconditional offer? | 9/15/2011 | Derek Hamilton |
| Q: I live in Ottawa and I'm selling my house. I have an unconditional offer with 2 conditions finance ... A: This is a Conditional Offer!! The Financing clause should be for 5 business days only! The Condition ... | ||
| Definition of "possession date" | 9/7/2011 | Penny MacKenzie |
| Q: We are the sellers in a real estate deal in British Columbia. In the Contract for Sale and ... A: My apologies with the delay in responding. In Ontario the deal usually closes sometime mid ... | ||
| should I sell or rent | 8/18/2011 | Derek Hamilton |
| Q: I am in a big dilemma because of the economy. I had put a deposit on a new construction house last ... A: You don't pay any capital gains if it's your principle residence. A home becomes a principle ... | ||
| investing in real estate | 8/17/2011 | Derek Hamilton |
| Q: I am a young single guy from Montreal who is considering investing in a duplex, triplex or condo. My ... A: I recommend buying Real Estate ! Being a Land lord has many challenges. It all depends on the type, ... | ||
| should I sell or rent | 8/17/2011 | Derek Hamilton |
| Q: I am in a big dilemma because of the economy. I had put a deposit on a new construction house last ... A: Why don't you wait for the new home to be finished, then put it on the Market to see if you can ... | ||
| The Real Estate Market | 7/29/2011 | Penny MacKenzie |
| Q: I am putting together a business plan on SBA.gov, using the SBA business plan template ... A: I think what your instructor might be pointing towards is identifying the other companies in your ... | ||
| Only 1 showing-help! | 7/22/2011 | Derek Hamilton |
| Q: Our house has been listed for almost two months with only one showing & 2 cancellations. Our house ... A: I don't believe a house can be under priced. A property is worth what a Buyer is willing to pay and ... | ||
| Only 1 showing-help! | 7/22/2011 | Derek Hamilton |
| Q: Our house has been listed for almost two months with only one showing & 2 cancellations. Our house ... A: The Market is what it is !! These are a few reasons why your house is still For Sale! 1. Price, ... | ||
| Sellers and Conditional | 7/12/2011 | Derek Hamilton |
| Q: I see that buyers can walk away from a conditional offer at anytime...can sellers? We had a ... A: The Home Inspection is done and the Buyer's would like you to replace the garage door? You don't ... | ||
| How to sell our acreage in Canada | 7/8/2011 | Penny MacKenzie |
| Q: My wife and I have 43 acres ON Larder Lake in Ontario. We have 500 feet of water frontage and high ... A: I'm sorry if you feel that you are not being well served via the site but the questions that I ... | ||
| How to sell our acreage in Canada | 7/4/2011 | Penny MacKenzie |
| Q: My wife and I have 43 acres ON Larder Lake in Ontario. We have 500 feet of water frontage and high ... A: Sorry - somehow your reply to my email ended up in my spam filter! I would say that if that's what ... | ||
| How to sell our acreage in Canada | 7/4/2011 | Penny MacKenzie |
| Q: My wife and I have 43 acres ON Larder Lake in Ontario. We have 500 feet of water frontage and high ... A: The value of your land depends on what other similar properties in the area have sold for and what's ... | ||
| Conditional offers | 6/22/2011 | Derek Hamilton |
| Q: f I make a conditional offer (one of the conditions being the sale of my current house) on a ... A: The Seller can not accept another firm offer. They would have to make the other offer Conditional ... | ||
| Condominium Purchase | 5/25/2011 | Penny MacKenzie |
| Q: I am interested in buying a condominium apartment. Do I need to have a home inspection done? A: I always advise my clients to have a home inspection on a condo unless it's almost new and covered ... | ||
| sold w/o realtor | 5/20/2011 | Penny MacKenzie |
| Q: I have requested that the buyer remove all conditions 30 before closing, his offer was made several ... A: Typically when an offer is made on a property the conditions that go along with the offer (ie ... | ||
| Retrofit Apartment | 5/17/2011 | Derek Hamilton |
| Q: I recently purchased a home that I will partially rent out. The basement is separated into two ... A: I'm not sure where you're living? Anyway, with regards to basement apartments. A large majority of ... | ||
| Non-Resident Travel Expense Deduction | 5/15/2011 | Penny MacKenzie |
| Q: I own 2 condos in Vancouver. I do not have a property manager in Vancouver to manage the units. I ... A: That's a question for your Accountant - there's pretty strict rules with Revenue Canada when it ... | ||
| breaking away from home sale contract | 5/15/2011 | Derek Hamilton |
| Q: What are the implications after a house is sold confirmed and the principal applicant refuses to ... A: If it's a firm deal and you can't arrange a Mortgage the deal will fall through and the property ... | ||
| Previouse conditional offer | 5/5/2011 | Penny MacKenzie |
| Q: My offer was accepted on a house with a previously accepted conditional offer. This previously ... A: If your offer is conditional upon removal of all conditions of the previous offer then you would not ... | ||
| Conditional offers | 5/4/2011 | Derek Hamilton |
| Q: I just accepted a conditional offer on my house I'm selling. I'm aware most sales go with house ... A: The Buyer can decide not to go ahead with the Inspection and just sign the Waiver with-in the time ... | ||
| House with Balcony from washroom | 3/16/2011 | Derek Hamilton |
| Q: We recently saw a plan for a new home from a builder. Everythings great except that the balcony on ... A: I have never seen such a strange floor plan? This is not normal! If you like the property and want ... | ||
| House with Balcony from washroom | 3/16/2011 | Penny MacKenzie |
| Q: We recently saw a plan for a new home from a builder. Everythings great except that the balcony on ... A: The balcony off the bathroom is definitely different. It sounds more like an exterior architechtural ... | ||
| Conditional offers | 3/9/2011 | Penny MacKenzie |
| Q: We made a conditional offer on another house, the condition that we sell ours, and now the vendor of ... A: If your offer is conditional upon the sale of your existing home with the proviso that the Seller ... | ||
| Condo Clauses | 2/20/2011 | Derek Hamilton |
| Q: I'm a new real estate agent and I'm working with a client who is planning to purchase a condo in the ... A: The most important clause is to make the Offer Conditional for 10 business days upon the Buyer and ... | ||
| porting, bridging, options | 2/6/2011 | Derek Hamilton |
| Q: I recently aquired a new position forcing my family to move. Our current home is for sale and on ... A: Talk to your Mortgage Broker. Usually you can Port your Mortgage from one property to another! ... | ||
| tenancy in common | 12/27/2010 | Penny MacKenzie |
| Q: Two sisters, one married one not, purchased a house together. The married sister has joint ... A: With regards to the expenses such as taxes, heat, light and maintenance I would say that the current ... | ||
| backing out of conditional offer | 11/11/2010 | Derek Hamilton |
| Q: I accepted a conditional offer (financing, inspection) for my house. The buyers requested 5 business ... A: Buyer's can walk away from a Conditional deal anytime!! They should get the deposit back ASAP. ... | ||
| Conditions waived? | 9/30/2010 | Penny MacKenzie |
| Q: If a purchaser waives all his conditions under an agreement of purchase and sale, could there be a ... A: Once a Purchaser has waived all conditions the transaction becomes firm and binding. If you don't ... | ||
| Conditional offer | 9/24/2010 | Penny MacKenzie |
| Q: My husband and I accepted a conditional offer to purchase on our home. The potential purchasers ... A: If their financing is not in place within the allowed time period and they have not provided you ... | ||
| What taxes necessary? | 8/29/2010 | Cinzia Dalgarno |
| Q: I am a US citizen purchasing property in New Brunswick from another US citizen. It will be for ... A: Based on the info you've provided, the taxes involved in the purchase of the home will include HST ... | ||
| After closing | 8/24/2010 | Derek Hamilton |
| Q: If after moving into a home, with an inspection, a deficiency is uncovered e.g. foundation problems, ... A: It's Buyer beware !! Often deficiency's will be uncovered after a Buyer moves into a property. A ... | ||
| taking a property off the market | 8/22/2010 | Penny MacKenzie |
| Q: I am trying to sell a property which has now failed 2 inspections. It is a very old house and the ... A: Yes, if you decide to make the necessary repairs to the house you can "SUSPEND" the listing for as ... | ||
| Accepting Second Offer with no Conditions | 8/16/2010 | Penny MacKenzie |
| Q: We have accepted an offer on our home conditional on the sale of the buyer's home. We also have a ... A: Yes, but be careful! You can accept the second offer on your home as long as the proper clauses are ... | ||
Penny MacKenzie
Top Expert on this page
Expertise
General Residential Real Estate, Real Estate Agency, Real Estate Terminology, Real Estate Marketing
Experience
Penny MacKenzie is a full time Burlington Real Estate Agent with over 15 years of experience. An active member of the Burlington Business Community Penny is Past President of The Burlington Chamber of Commerce and Past Chair of Tourism Burlington. Penny has also served on the Board of Directors of the Burlington Art Centre Foundation. Penny is also past chair and co-founder of Party In Pink an incredible women only fundraiser for Breast Cancer Support Services. In just four short years this event has raised over $250,000 in support of women who are currently undergoing treatment for breast cancer.
As a full time Realtor Penny is experienced in the Burlington and Area real estate market. She has personally handled all types of real estate transactions, however, she is an Experienced Residential Realtor, qualified to help families reach their residential home buying and selling goals.
Organizations
Hamilton-Burlington Real Estate Board, Oakville-Milton Real Estate Board, Ontario Real Estate Board, Canadian Real Estate Board
Publications
www.blogburlingtonsbesthomes.com
Education/Credentials
Licensed Realtor with Keller Williams Realty the fastest growing Real Estate Company in Canada!
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