Someone asked me an interesting question the other day: what happens if there is a mistake in the survey and I don’t find out until after closing? 20 years ago, when you bought property in Ontario, your lawyer would have done a full certification of title. There would have been a dozen searches and probably… Continue reading Survey says
Month: May 2012
Should You Consider a 10-Year Mortgage?
There’s been a lot of talk lately about whether or not folks should be taking advantage of the sub-4% 10-year fixed mortgages. With the 5-year fixed mortgages hovering just above the 3% mark, you will pay a little bit more to lock in for 10 years (though the spread between the 5-year and 10-year is… Continue reading Should You Consider a 10-Year Mortgage?
High and low
A client recently asked me, out of curiosity, how high up and down she would own when her first home closed. Essentially, at common law, you own “up to the heavens and down to the centre of the earth”. That being said, in many jurisdictions there are limits that have been placed on the common… Continue reading High and low
Enjoy the Long Weekend!
For some reason, it seems like all the holidays this year are falling on a Monday, which means there’s no Mortgage Monday blog post again this week. But hey, who wants to be thinking about mortgages on a long weekend with BEAUTIFUL weather, right? Most people refer to this yearly holiday as the May 2-4,… Continue reading Enjoy the Long Weekend!
Checking on your home inspector
TheRedPin.com posted this article a while ago about what home inspectors do and do not check when doing the inspection on your home – or rather, what they are and are not required to check. The list is quite informative, especially if you have not bought a home recently. A home inspection is incredibly important… Continue reading Checking on your home inspector