Foreign investment is often considered a major factor in high housing prices across Canada, especially in its major cities. Ontario recently began charging additional taxes for foreign real estate buyers. According to statistics from Toronto and the Golden Horseshoe, these steps may be working.
Neighbours in Ontario can live in peace and harmony for many years -- until one decides to cut down a tree that is shared by both. Real estate issues such as this can lead to costly litigation and, along with ending a friendship, may cost thousands of dollars in legal fees. One such dispute arose between neighbours over a maple tree and ended in a court battle in 2012.
Many homebuyers struggle financially to qualify to purchase a home. Often I see this with younger clients. Many young people need a little bit of help to get that first home. If they are lucky, they will have generous parents who are prepared to help them financially by providing all or part of the down payment (that portion of a purchase that is not funded by the Lender).