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GTA Real Estate Radar: Daily Hot Picks!"Empowering Your Choices: Comprehensive Reports & Premier Listings!""GTA Real Estate Radar: Daily Hot Picks" is your daily radar for spotting the most promising opportunities and hottest trends in the Greater Toronto Area real estate market. Each day, we scan the landscape to deliver you the latest hot picks, market insights, and updates directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our daily hot picks cover a wide range of topics, from promising listings to emerging market trends and expert analysis. Keep your radar finely tuned and make informed decisions with "GTA Real Estate Radar: Daily Hot Picks" as your trusted tool in the dynamic GTA real estate landscape. Divorce can have significant implications for the ownership of jointly-owned property in Toronto, as it does in many other places. When a married couple decides to divorce, their assets, including real estate, must be addressed as part of the divorce settlement. Here are some key points to consider: Equalization of Net Family Property: In Ontario, where Toronto is located, family law governs the division of property during a divorce. The Family Law Act requires that the net family property of each spouse be calculated. The net family property is essentially the difference between the value of each spouse's assets and debts at the date of separation and the value of those assets and debts at the date of marriage. The spouse with a higher net family property may be required to make an equalization payment to the other. Matrimonial Home: The matrimonial home, which is the family residence, is given special consideration during divorce proceedings. Both spouses have a right to live in the matrimonial home, and this right can continue even after separation until a divorce is finalized. Options for the Matrimonial Home: Several options can be pursued regarding the matrimonial home in Toronto: Sale: The home may be sold, and the proceeds divided between the spouses in accordance with their equalization payments. Buyout: One spouse may buy out the other's share of the home, allowing one to retain ownership. Co-ownership: In some cases, the divorced couple may continue to co-own the property, especially if there are minor children involved.
Children's Best Interests: If there are children involved, the court will consider their best interests when making decisions about the matrimonial home. The primary caregiver may be allowed to stay in the home with the children, at least until a certain point. Legal Advice: It's essential to seek legal advice from a family lawyer when dealing with property division during a divorce. The lawyer can help you navigate the legal requirements, ensure your rights are protected, and provide guidance on how to address jointly-owned property. Prenuptial Agreements: If the divorcing couple has a prenuptial agreement in place, this can significantly influence the division of property. The terms of the agreement will generally prevail as long as it's legally valid. Family Mediation: Some couples opt for family mediation or collaborative law processes to work out the division of property outside of court, which can be a less adversarial approach.
It's important to note that each divorce case is unique, and the division of property can be complex, especially when real estate is involved. Seeking the advice of a qualified family lawyer who specializes in divorce and family law in Toronto is highly recommended to ensure that your rights are protected and that the division of jointly-owned property is carried out in a fair and legally compliant manner.
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Linda has a small mortgage and extra cash. Should she use it to pay off mortgage debt or contribute to her RRSP to bolster retirement savings?
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Even though Toronto's housing market is in some ways softening — sales numbers have plummeted, homes are sitting on the market for longer and going...
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Canada’s government is examining new measures to rein in short-term rental services such as Airbnb Inc. as policymakers try to cool inflation in apartment and house rents.
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A recent report highlights Canada's declining housing construction despite the pressing need, and warns the worst is yet to come
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Median prices are $700,000 to over $1 million region-wide but buyers shouldn’t give up – half sold for less than the median price
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Don Kottick, chief executive of Sotheby's International Realty Canada, speaks about the state of the luxury housing market. Watch here.
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Rebate maxes out at $7,500
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An Ontario mansion that locals have found to be a very unique brand of hideous is set to be the centre of a new reality show as new owners attempt ...
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The 775-square-foot unit comes with a wine fridge, tons of storage, great views, a doggy bath and a rooftop pool
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If one were to think of the dream vacation home, a picture of 19 Cortleigh Blvd. might appear — and you wouldn't even guess it was in Toronto.
Thi...
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B.C. is striving to open up thousands of short-term rental units to the long-term market
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Steve Nguyen runs two Airbnb units in a downtown Victoria apartment building, including one decorated and paying homage to the television show 'Friends.' He says he’s still reeling from the news he soon won't be able to operate it as a short-term rental since he doesn’t live there.
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The program would start with guest room rentals pending final council approval on Nov. 6
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Apartment rents in the city stayed nearly unchanged last month, as the average asking rent nationwide hit a new high.
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The city's rental prices are continuing to rise at an alarming rate, and regular Calgarians are feeling the impact.
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Do you live in one of these areas?
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According to a new report, renters in B.C. have the highest eviction rates in Canada.
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Oshawa ranked as the seventh-most expensive city to rent a one-bedroom apartment in Canada in September, with a median rent of $1,910 per month.
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Average one-bedroom apartment in Hamilton costs nearly $200 more than it did last September.
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From high interest rates to escalating housing prices, getting into a new home isn’t easy these days.
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Canadian real estate markets that are suddenly well supplied are about to get more inventory. Canada Mortgage and Housing Corporation (CMHC) data shows new housing starts climbed in September 2023. The rise in starts is good news for housing supply, but may not be great news for investors. Existing inventory for sale has climbed to […]
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If you recently received an inheritance, or expect to collect one soon, it's important that you make the most of any extra money, especially in today's rapidly changing economic landscape. In a column for CTVNews.ca, personal finance contributor Christopher Liew shares some helpful tips on what to do after receiving an inheritance.
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Mayors in Kitchener and Guelph are proposing building fourplexes on single residential lots as a way to deal with the local housing crisis. One Waterloo professor says this will help, but he'd like to see municipalities stipulate at least one of the four units must be affordable.
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Experts believe the 'fourplex' may be the answer to many of Canada's housing woes. The problem, though, is that fourplexes are illegal to build in most of Canada.
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After falling in the second half of 2022, house prices on P.E.I. have rebounded back to where they were last summer.
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The overnight rate could settle around 3%, according to leading economist
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While most major markets in Canada reported rent increases in September, a potential sign of a slowdown is emerging, particularly in...
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An Ontario builder accused of ruining the lives of many would-be homeowners while ironically touting the motto "a better building experience&q...
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The new FHSA can help you save for a down payment in Canada. Here’s how it fits with other government programs, like the Home Buyers’ Plan.
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Discover everything that building a home entails and how to go about it, step by step.
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Editor's Note"Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!"
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