By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Becoming A Country Home Or Cottage Landlord

Becoming A Country Home Or Cottage Landlord

Many people choose to rent out their home or cottage, or a part of it, to tenants. This is often a worthwhile endeavor for homeowners because it allows them to generate extra income or pay off their mortgages.  But one of the more difficult parts of doing this in Ontario is that the provincial landlord tenant laws are favourable to the tenants, and much less so the landlords.   Currently one of the biggest problems is that after about two months of non-payment of rent, landlords might file to evict the tenant, but the process of eventually getting to a hearing and then appeals can take several more months, leaving the landlord owed thousands of dollars in rent payments that can be ...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Winterizing Your Cottage

Winterizing Your Cottage

Not everyone wants to think about the impending winter during the late summer. But for cottage owners, ensuring you’re fully prepared with a winterized cottage will ensure that you can worry less now while you’re enjoying your cottage in the summer months. More importantly, a winterized cottage is useable year-round and is more ideal than a summer-only cottage, whether you want to spend more time there with your family or rent it out to generate extra income.   Not every cottage can be winterized, but here are several things to be aware of if you’d like to consider updating your cottage for winter-use: Insulation Your insulation may need to be upgraded and you may ne...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Gen X and Gen Y Buyers Looking For Detached Homes

Gen X and Gen Y Buyers Looking For Detached Homes

Just over half of Gen X and Gen Y Ontario residents who are planning on buying a home in the next year are looking to buy a detached home, according to the Ontario Real Estate Association. 18% of gen Xs are looking to buy a home in the coming year, while a quarter of gen Ys are planning on making a purchase.   51% of gen Ys said they are most likely to buy a detached house, followed by a condo, then semi-detached house and finally townhouse. 63% of gen Xs said they were more likely to buy a detached house, followed by semi-detached, then condo and finally townhouse.   Gen Ys are those born between 1977 and 1994, while gen Xs are those born between 1966 and 1976. “Based on the...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

What’s The Difference Between A Fixture And A Chattel When Buying A Home?

What’s The Difference Between A Fixture And A Chattel When Buying A Home?

Buying a home can be an overwhelming experience, and there’s a lot to learn when it comes to the various documents and terminology involved. Luckily, your real estate agent can help you navigate the sometimes-confusing waters, like whether something is a chattel or a fixture.   A fixture is something fixed within a home that will not be taken by the seller when they leave. A chattel is something moveable that the seller will take when they go. Confusion can arise when one is mistaken for or assumed to be another.   Where issues can arise, is when prospective buyers fall in love with certain aspects of a home and don’t realize that these items are chattels – meanin...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Ontario Residents Are Feeling Positive About Their Local Real Estate Markets

Ontario Residents Are Feeling Positive About Their Local Real Estate Markets

The majority of Ontario residents have high hopes for their local real estate markets and economies, according to a new poll conducted by Ipsos Reid for the Ontario Real Estate Association. In fact, more than half (60%) of Ontario residents see the provincial real estate market as favourable.   “With significantly-improved perceptions across all markets and timeframes, it is clear to see why the index has posted its biggest gain to date,” said the vice president of Ipsos Public Affairs, Sean Simpson. “As home prices and sales figures throughout the province continue to astound, it is encouraging to see the Ontarians are feeling optimistic about economies and real estat...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Where Does Water Damage Come From?

Where Does Water Damage Come From?

Just the words “water damage” can cause homeowners serious concern. That’s not only because of the problems it can bring when it comes to your property and personal possessions, but the implications – a leak or whatever is causing your moisture intrusion can potentially be expensive to repair. However, the best way to keep costs down and sort out the problem efficiently is to determine where your water is coming from. Typically, there’s three common causes of moisture intrusion and water damage:   1. Basement Window Wells    The outside of your basement windows is a common place for water to collect and intrude into your home if the window wells a...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Home Inspectors In Ontario May Soon Be More Regulated

Home Inspectors In Ontario May Soon Be More Regulated

One of the best bits of advice you’ll hear during the home buying process is to get a home inspection. A home inspection costs just a couple hundred dollars, and a home inspector can spot problems that would cost tens of thousands of dollars to fix – saving you from major headaches.   But what some people don’t know is that home inspectors in Canada are not regulated in most provinces, including Ontario. This means that while there are plenty of trustworthy and knowledgeable home inspectors working in the province, the profession is open to anyone regardless of their training.   Three years ago, the government of Ontario assembled an expert panel to draft recommen...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

A Land Survey Is Essential Before Buying A Cottage

A Land Survey Is Essential Before Buying A Cottage

A land survey lets property owners know where their property boundaries are, as well as where their property is situated compared to nearby infrastructure or geographical features – a road, or a lake for example.   When buying a cottage or a home in the country where property lines aren’t necessarily as concrete as they should be, a land survey is even more vital because you may not be purchasing what you think you are.   Real Estate Lawyer Bob Aaron shares this reminder in a recent Toronto Star column, where he says you should get one even if your agent says no. In fact, he’s been recommending that a land survey become a mandatory part of the real estate transact...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

Consider These 5 Things Before Buying A Home

Consider These 5 Things Before Buying A Home

Buying a home is a huge step, and the thought of home ownership appeals to the majority of the population. But are you ready? A home is one of the largest investments that someone will ever make, and it’s also much more permanent. Here are five different things that everyone should consider before they decide whether they’re ready to buy a home or not.   #1. Affordability. A quick way to determine if you can afford a home is by checking to see if the home’s price is under two-and-a-half years’ worth of your salary. This doesn’t work for everyone, but it can give you a decent idea of whether you’re in the right place financially.   #2. Location. H...Read More

By: Ross McLean, Broker | Lucy McLean, Sales Representative | Peter Steele, Broker

An Energy-Efficient Cottage Is The Key To A Cool Summer

An Energy-Efficient Cottage Is The Key To A Cool Summer

One of the best parts of summer is spending time at the cottage, of course. But just because you’re on vacation doesn’t mean you’re unaffected by the stifling heatwaves that southern and eastern Ontario are known for. Did you know that by improving the energy efficiency of your cottage or country home, you can keep cool and comfortable?   While not all cottages have air conditioning, there are still some ways you can stay cool in your cottage, and even more ways if you do.   Install energy-saving windows. Regular windows are the reason for at least half of the heat entering your home in the summer from outside (and leaving your home in the winter). While this ca...Read More