Pitfalls to Avoid in Joint Property Ownership

Posted by allisonmcmurter on 3 November 2024
Owning real estate with an investment partner is a popular choice among real estate investors, but this strategy comes with its own set of challenges. While there are many advantages to sharing ownership of properties with a partner, clear communication in agreements is the true key to success.
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Posted in:For Real Estate AgentsPurchasing A HomeReal Estate AgentReal Estate AgentsReal Estate Law  

Ontario Land Transfer Tax: How Much Do You Have To Pay?

Posted by allisonmcmurter on 22 October 2024
When purchasing property in Ontario, buyers need to be aware of the land transfer tax, a significant cost that can add thousands to your purchase price.What is land transfer tax?In Ontario, the land transfer tax is a fee you pay to the provincial government when you acquire real estate. It’s ca...
Posted in:First Time Home BuyersPurchasing A HomeReal Estate Law  

Death binders. A morbid thought, but very beneficial

Posted by allisonmcmurter on 25 September 2024
Are you in a partnership where one of you is responsible for the bills, the insurance and the banking and the other partner just goes with the flow?One partner might know where the wills, the life insurance paperwork, and other important documents are, and the other partner hasn’t a clue.Collec...
Posted in:Wills & Estates  

What’s trending: Power of Sale properties are popping up.

Posted by Allison McMurter-Hughes on 22 August 2024
Every sector in the Canadian economy has been impacted by the rise in interest rates, but few quite as drastically as the real estate market.The dramatic rise in the prime interest rate is having a devastating impact on household budgets, and as a result we are seeing more and more power of sales...
Posted in:For Real Estate AgentsReal Estate AgentReal Estate LawSelling  

Estate Administration Tax… not fun, but necessary. Here’s how to handle it.

Posted by Allison McMurter-Hughes on 23 July 2024
According to The Globe and Mail, “61 percent [of Canadians] don’t feel knowledgeable about things such as probate – the legal process of validating a will in court and distributing assets…”We are firm believers that knowledge is power. The more you understand, the more prepare...
Posted in:Wills & Estates  

McMurter & Associates is located in Whitby, Ontario, and serves the communities of Oshawa, Ajax, Pickering, Clarington, Newcastle, Bowmanville, Courtice, Whitchurch-Stouffville and municipalities throughout Durham Region.