Real Estate Articles

Your Home, Your Life!

Property Tax Calculations

Understanding property taxes and their calculations in Canada is essential for homeowners, prospective buyers, and real estate professionals alike. Property taxes are a significant source of revenue for municipalities and directly impact local services and...

Is It a Scam to Pay a Full Year’s Rent in Advance?

Learn what is legal and what is practised when competing for a place to rent.

Lenders Don’t Like Condotels

Condotels, or condo/hotel hybrids, have piqued the interest of many Canadians, particularly those seeking a flexible investment opportunity. Learn what they are, their key features, and if they are an investment right for you!

Using a Cash-Back Realtor

In today’s real estate market, many Canadian homebuyers don’t know about the benefits of a cash-back realtor. Imagine getting a part of the agent’s commission for every property deal. This is what cash-back home buying offers, making homes more affordable in Canada.

Mortgage Commitment: What You Must Know Before Waiving Financing

Discover what a mortgage commitment is and its importance in regards to waiving conditions on your offer to buy a home. Learn what you need to know before waiving financing.

Gifts Ineligible for Net Worth Programs

Discover why gifts are not generally eligible to be used as part of the down payment or source of income for people applying for a mortgage under the Net Worth Program

John and Mary Canuck: Refinancing Strategy

Learn how Canadians are leveraging home ownership to generate income, reduce taxes, and build wealth.

Avoid Blacklisted Condos

A blacklisted condo is a condominium that certain mortgage lenders have categorized as high-risk and are unwilling to finance. Learn the reasons why a condo is blacklisted and what to do about it.

What is a Net Worth Program?

Learn what a Net Worth Program is and how it assists individuals with substantial net worth to qualify for a mortgage.

Sources of Home Down Payment

Discover reliable sources for your home down payment in Canada. Learn about savings options, grants, and assistance programs to make homeownership a reality.

The Consequences of Walking Away

Jul 16, 2025

Trees don’t grow to the sky; and neither do real estate prices. Sometimes, real estate prices go down. This can be particularly troubling when it comes to new construction. There is a time lag between when the home is ‘purchased’ and when the home is completed and the deal can ‘close’. During this lag time, substantial changes can occur in the real estate market that causes home prices to fall; sometimes meaningfully. When that happens, does it make sense for a new home buyer to close the deal, or should you walk away?

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