Friday, June 5, 2020 / by Zifan Gao
For most couples, the matrimonial home represents their largest asset and it is a place of emotional significance – filled with both positive and negative memories.
A matrimonial home is not simply the house in which a married couple lives. In Ontario, it is afforded special treatment under the Family Law Act.
Let’s have look at why the matrimonial home is such a hot topic during a separation or divorce:
#1 Spousal Consent is Always Required
Neither spouse is permitted to sell, mortgage or otherwise, encumber the matrimonial home without the other spouse’s knowledge and consent - be it during a marriage or post-separation, even if only one spouse’s name is on the title.
If you and your spouse cannot agree on what to do with the matrimonial home, one party may apply to the court and request an order for partition and sale.
If your name is not on the title and you fear that your spouse will try ...
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real estate tips, newsletter, gta real estate, real estate market trends
Wednesday, March 18, 2020 / by Zifan Gao
Since the beginning of the month, the Bank of Canada has cut the lending rate twice, bringing it down to 0.75%. This is a massive decrease in the interest rates and the biggest drop in 11 years. Since it’s cheaper to borrow we’ll see an increase in how much people are likely to spend. It also means there will be an influx of potential buyers that previously might not have been able to enter the market.
Since there was already a big gap between supply and demand, and with inventory continuing to decrease (TRREB just reported a 33.6% decrease in active listings in February), an influx of new buyers will mean a further dwindling inventory. In fact, I recently had 30 people trying to buy the same entry-level property, most of them offering to pay way more just to be able to lock it.
If you’re an investor you should be buying RIGHT NOW. GTA properties are still a high-value investment (average price increased 16.7% in February) and the low-interest ra ...
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real estate tips, market updates, toronto real estate, gta real estate, neighbourhood guide, real estate market insight, real estate market trends
Tuesday, March 17, 2020 / by Zifan Gao
GTA Real Estate Market At A Glance - February 2020 TRREB Market Report
Predictions for a strong sales and price growth in 2020 are proving to be right with February hitting an all-time record sales increase. As market conditions tightened over the past year, competition between buyers has clearly increased, according to TRREB’s February Market Watch Report.
From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, we’ve got you covered. We’ve summarized this month’s report into a bite-sized digest so that you can be better educated in Real Estate and the current market trends.
Sales at a record high 45.6% increase
TRREB registered a total of 7,256 residential transactions in February, an increase of 45.6% compared to a 10-year sales low in February last year. After preliminary seasonal adjustment, February 2020 sales also exhibited positive momentum, up ...
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real estate tips, market updates, newsletter, toronto real estate, gta real estate, real estate market insight, real estate market trends
Friday, December 6, 2019 / by Zifan Gao
BUYING A HOME DURING HOLIDAY
With 2019 coming to an end, we're looking back at what this past year brought us. I want to thank all of you for continuing to support the Boiron Group and making 2019 another incredible year for our team!
I hope you have an amazing holiday season, filled with celebrations. If you’re someone who loves to entertain, make sure to check out page 2 for the top features every entertainer’s home should have.
Know someone who is wanting to sell or buy a house? Then give them the gift of the most educated Real Estate team! Every time you refer us to someone, you're helping SickKids. Turn to page 3 to see how SickKids made a difference in Everest's and his family's life.
Lastly, if you're feeling generous, the best gift you could give us is writing us a Google review.
What to Look For in a Perfect Entertainer's Home
Do you love to entertain but feel held back by your home’s capabilities? As prime hosting season, the holi ...
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real estate tips, market updates, newsletter, toronto real estate, real estate market trends
Friday, November 15, 2019 / by Zifan Gao
As the cold weather approaches, the market has started to slow down. The recently released TREB October Market Watch Report shows that the year-over-year growth was lower for October than for September. However, compared to October last year, this past month still saw another double-digit increase in the number of sales.
READ: Your Cottage Might Yield Better ROI than Your Home and Here is Why
From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, we’ve got you covered. We’ve summarized this month’s report into a bite-sized digest so that you can be better educated in Real Estate and the current market trends.
Home Sales increased by 14% year-over-year
For the 7th consecutive month, we’ve seen a double-digit increase in the number of sales. However, for the 3rd consecutive month, we’ve also seen a double-digit decrease in active listings. ...
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real estate tips, market updates, gta real estate, neighbourhood guide, toronto real estate, real estate market insight, real estate market trends, meetup, real estate event
