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Canadian Real Estate/Questions
| Subject | Date Asked | Expert |
| 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 ... | ||
| Expired Real Estate Contract | 7/7/2010 | Derek Hamilton |
| Q: One week before our real estate contract expired, June 30th, our house was shown by ourselves ... A: If there is nothing in the Listing Contract about the (Hold Over Clause) then you're good to go. ... | ||
| buying a house in Ontario, Canada | 7/2/2010 | Cinzia Dalgarno |
| Q: I am Canadian living in the US with dual citizenship, does this make it harder for me to buy ... A: Lenders distinguish between residents and non-residents when approving a client for a mortgage; a ... | ||
| Real Estate Agent's Finder Fee | 7/2/2010 | Derek Hamilton |
| Q: We talked to an agent who we may use but we discussed that we would probably try selling privately ... A: I suggest you just list with a Real Estate Agent and let the Professionals deal with the Sale of ... | ||
| Home Inspection Dispute | 6/29/2010 | Derek Hamilton |
| Q: We recently sold our home conditionally. When the buyers conducted their home inspection the morning ... A: Some Buyers will use the Home Inspection as a way to squeeze a little money from the Seller before ... | ||
| Buyer breaks purchase agreement one week before closing date | 6/27/2010 | Derek Hamilton |
| Q: I am closing the sale of my house in one week.We were told by our real estate agent that the buyer ... A: Talk to your Real Estate Lawyer A.S.A.P. You have a firm and binding contract but you can't get ... | ||
| Can't sell my house with an unconditional offer on offer to purchase on another house | 6/25/2010 | Derek Hamilton |
| Q: Derek On May 1 we made an unconditional offer to purchase a house with a $20K deposit. Our broker ... A: You need to Close as you have a firm Contract. You should ask the Seller for an extra 30 or 60 days! ... | ||
| Mortgage in another province | 6/18/2010 | Cinzia Dalgarno |
| Q: My husband and I are looking to move to Newfoundland from Alberta. Do I look for mortgage lenders ... A: You need a broker who can do mortgages in Newfoundland to help you - no, you don't have to go to ... | ||
| conditional real estate offer | 6/12/2010 | Derek Hamilton |
| Q: If a conditional offer to purchase is received must the property be removed from the MLS listings ... A: When a Conditional offer is accepted. The property stays on the MLS and should read SOLD ... | ||
| neighbor built house ect on our land | 6/7/2010 | Derek Hamilton |
| Q: We bought our farm (80 acres) in 2006. A few months ago we began to suspect that our neighbors built ... A: Most Buyers arrange for a Survey when they buy Real Estate and if a neighbour's fence or a shed is ... | ||
| neighbor built house ect on our land | 6/7/2010 | Derek Hamilton |
| Q: We bought our farm (80 acres) in 2006. A few months ago we began to suspect that our neighbors built ... A: Do your neighbours know about this? This is not a good situation. You need to speak with a Real ... | ||
| Petty trespass | 5/26/2010 | Cinzia Dalgarno |
| Q: I live in Calgary, Alberta. I have a neighbor who likes to hang her laundry over our shared fence. ... A: It sounds like you have an ongoing issue with this neighbour. Unfortunately, I can't help you with ... | ||
| porting mortgage to new home construction with delay | 5/10/2010 | Cinzia Dalgarno |
| Q: This is a fantastic site. Thanks for taking the time to answer! My husband and I renewed our ... A: I'm afraid there doesn't seem to be an easy way out, based on the info you've given me. What you ... | ||
| 1st Refusal | 4/5/2010 | Derek Hamilton |
| Q: Can a vendor use a 48hr,first refusal clause for all the conditions including financing, and bldg. ... A: You can't force the first offer to drop all conditions. Speak with your Real Estate Agent. If there ... | ||
| Contract Cancellation | 3/27/2010 | Derek Hamilton |
| Q: I just have a quick question. My house will be going up on the market on April 08 2010. We have ... A: If you want to sell your home privately then try it? (not recommended)Decide now if your going to go ... | ||
| cmhc approval | 3/11/2010 | Penny MacKenzie |
| Q: just wondering our mortgage broker got us a mortgage with 5% down with a credit union which has now ... A: If your mortgage was approved with these two items already on your credit bureau there shouldn't be ... | ||
| mortgage offer | 3/5/2010 | Cinzia Dalgarno |
| Q: I would like to make an offer on a home that is at the maximum of my price range so money is very ... A: Part 2: Hello again. I wanted to clarify that not knowing your exact details, my advice may not ... | ||
| Porting without a downpayment | 2/21/2010 | Cinzia Dalgarno |
| Q: I am impressed with your responses to other writers, so was hoping to get your feedback on this ... A: It would be a good idea to port your existing mortgage to your new home. However, unless the new ... | ||
Canadian Real Estate
Answers by Expert:
Derek Hamilton
Top Expert on this page
Expertise
Any questions relating to Residential Real Estate in the City of Toronto or Southern Ontario. How much is my home worth in todays market? What's involved in Buying Real Estate ? How much do you need for a down payment? What's involved in Buying a Condo? What's involved in Buying a Co-op? What do you need as a deposit? How to choose a good Real Estate Agent for your property? What should you do to prepare your home for the market? How much Commission should you expect to pay? What are the expenses when Buying or selling your property? Should you have your home Staged for the market?
Experience
Residential Real Estate Sales Representative in Toronto Ont,Canada for 25 years. Award winner for 20 straight years with Royal Lepage & Sutton Group. Prior experience was 10 years building new custom homes & Renovations in North Toronto. I have a total of 30 years experience in the Residential Real Estate field.
Organizations
I also subscribe to the Georgian Triangle Real Estate Board in Collingwood & the surrounding areas.
Education/Credentials
George Brown College "Carpentry", Continuing Education with the Toronto Real Estate Board. Member sinse 1985.
Awards and Honors
Platinum Award 2000-2008
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