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Articles

REASONS WHY A PROPERTY MIGHT BE FOR SALE

It is important to determine the real motivation for the owner of a re-sale condo to sell the property. This will assist you in knowing how to negotiate in terms of your offer price and terms and general strategies. The motivation for sale could be a positive or negative one. If the vendor is selling [...]

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WHAT’S IN THE PURCHASE AND SALE AGREEMENT? (PART II)

Here is the rest of the discussion in of the topic of the purchase and sale agreement.
Fixtures and Chattels
This is an area of potential dispute between the purchaser and vendor, unless it is sufficiently clarified. A fixture is technically something permanently affixed to the property; therefore, when the property is conveyed the fixtures are conveyed [...]

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WHAT’S IN THE PURCHASE AND SALE AGREEMENT? (PART I)

Most purchase and sale agreements come in standard formats, with standard clauses, and are drafted by the builder or real estate board. There are generally spaces throughout the agreement for additional, customized clauses to be added.
It is recommended to have a lawyer review your offer to purchase before you sign it. Regrettably, relatively few people [...]

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CAUTIONS FOR INVESTORS WHEN SELECTING RECREATIONAL PROPERTY

When selecting recreational property for investment purposes, there are specific cautions you need to research when doing your due diligence that could impact negatively on the quality of your investment property. Whether you are buying a vacation home for rental purposes only, a combination of personal use and periodic or seasonal rentals, or personal use [...]

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TAX IMPLICATIONS OF OWNING RECREATIONAL PROPERTY

Are you interested in buying recreational property in the near future? For example, a cottage, cabin, or chalet – maybe own it outright, or jointly buy the property with family, relatives or friends? Maybe you want to buy an apartment or townhouse condo in a resort or recreational community – and own it outright, or [...]

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BUYING INTO THE WHISTLER DREAM

Everybody’s heard of Whistler, British Columbia. Fantastic skiing, great golfing, and soon a player on the world stage as host to several of the Vancouver Winter Olympics events. It’s a place lots of people visit, with many buying into the Whistler dream, purchasing a property, and becoming some of the resort’s best ambassadors.

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