New Rules

Dec. 18, 2023

New Regulations when Buying a House

Here are the new regulations for buying a house.

According to Trust in Real Estate Services Act (TRESA) run by RECO.

1. Must sign a new RECO Information Guide, a 13 page document which outlines your rights and obligations.

2. Representation Either a Client or a Self-Represented Party SRP.

Read ...

View More
Posted in New Rules
Dec. 18, 2023

New Regulations when Selling a House

New Regulations when Selling a Home (TRESA)

There are 3 key changes as part of Trust in Real Estate Services Act (TRESA) regulated by RECO.

1. Disclose content of offers.

  • All content or just some IE. Price, deposit, conditions.
  • No personal info about the buyers ie. 1st refusal address.
  • This ...
View More
Posted in New Rules
Dec. 16, 2023

Vacant House Tax Declaration Update

Vacant Unit Tax (VUT) 2023 Declaration for the City of Ottawa.

You can begin filing your declaration after Thursday December 14th, 2023 and you have until until March 31st, 2024.

Late declaration results in $250 fine. No declaration results in an additional property tax of 1% of the assessed value ...

View More
Jan. 4, 2023

City of Ottawa's New Vacant Unit Tax

Is this a New Tax or an Unfair Tax Grab by the City?

The City of Ottawa has started sending out letters to homeowners concerning the new "Vacant Unit Tax". If your home is vacant for a good part of the year, you have to pay the City of Ottawa ...

View More
Oct. 27, 2022

Kiss R1 Zoning Goodbye in Ottawa

Provincial Intensification Legislation Bill 23, known as the "More Homes Built Faster Act"

I’m in favour of intensification but it needs a rifle approach not a shotgun approach which is being legislated in Ontario.

• Since the Liberals came into power in 2015 immigration increased to over 400,000 with ...

View More
Posted in New Rules, Zoning
Aug. 9, 2022

New Ottawa Vacant Unit Tax

What will Landlords in Ottawa think about this new tax?

If you own any multifamily buildings in Ottawa, or if you are looking to buy any type of investment property, you should be aware of this new tax that is coming in 2023.

new tax for vacant apartments

The City of Ottawa Vacant Unit Tax ...

View More
April 14, 2021

Mortgage Market, Rates and Stress Test changes, April 2021

Mortgage Market Update and News about the Qualifying Stress Test rate increase

Eric Fabien from gives us an update regarding the new stress test for qualifying for a mortgage, as well as giving us the current rates for a variable and fixed rate mortgage.

  • Variable Rate Mortgage Today ...
View More
June 7, 2019

Tax Relief for Multi-Family Properties

Income Properties with Permits issued after April 2017 will see huge reduction in Taxes for 35 years.

tax savings after new rules on multifamilyA new bill has just been passed by the Ontario Government concerning properties with 2 or more units in them, where the permit was issued after April 2017.

These building owners are about ...

View More
Nov. 1, 2018

Tenant use of Cannabis in Ontario

tenant use of cannabis in their apartment

This article covers a couple of recent changes that will affect owners and purchasers of income properties.

As you are probably aware, the province of Ontario has recently mandated the use of their leases for all landlords and tenants. Failure to provide the lease, if requested by a tenant, will ...

View More
April 26, 2018

Ontario’s New Mandatory Residential Lease Agreement

Ontarios New Standard LeaseThe New Ontario Standard Lease

Starting April 30, 2018, Ontario landlords of most private residential rental units – from individual landlords to property management companies – must use the standard lease template for all new leases.

The standard lease uses language that is easy to understand in order to ensure ...

View More