When should you jump into the housing market?
So the Bank of Canada (BoC) announced on March 6’24 that interest rates will remain unchanged. This decision was widely expected by the finance community. However, regardless of how smart Bay St prognosticators think they are – that doesn’t help the average Canadian house buyer. How can you plan real estate financing given such uncertainty? […]
Consequences of Failing to Close on a Real Estate APS
With the recent rise in interest rates, many buyers are finding themselves in the precarious position of failing to close on their real estate Agreement of Purchase and Sale (APS). An APS is a binding legal contract between the buyer and seller of a property. If either party fails to fulfill their obligations outlined in […]
Developing Mortgage Strategies With Uncertain Interest Rates
In 2022, the Bank of Canada (BoC) raised interest rates at the fastest pace in over 20 years. Mortgage payments could rise by 60%. Will mortgage rates ever fall? When? By how much? How can you plan real estate financing given such uncertainty? Special Guest Blog: Jason Wodlinger, Mortgage Agent lic#12179 Where are we and […]
Real Estate Law for First Time Homebuyers
Purchasing a home is an exciting journey, but for first time homebuyers, it can also be a complex process. This is especially true when it comes to understanding the intricacies of real estate law. To guide you through this path, here are some do’s and don’ts to keep in mind to ensure a successful and […]
Buyer who backed out of real estate deal loses appeal in Ontario
KPA Lawyers did not represent any of the parties in this case. This article is published for educational purposes only. Here is a link to the full case: Nguyen v. Zaza, 2023 ONCA 34 (CanLII) In a falling real estate market, it’s natural to see some buyers backing out of real estate deals, despite being […]