Ask David

How accurate are listing prices?

Dear David, I just heard that a house in my neighbourhood sold for $700 thousand over asking. How is this possible when the market has softened so much? – ASTONISHED DEAR ASTONISHED: When we look at numbers like this, it’s important to consider both the state of the market, and the influence of marketing. Like

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Ask David

Too overwhelmed to downsize?

Dear David, My husband requires 24-hour care. Two years ago, I made the difficult decision to move him into an assisted living facility. I’m trying to maintain our family home, but keeping up with the grounds and the pool is getting to be too much. The idea of downsizing on my own feels equally overwhelming.

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Ask David

When you’d rather be living at the lake house

Dear David, My husband and I are retired/semi-retired. We’ve been living at our lake house for a few years and have decided not to move back into the large family home we bought decades ago. The house is 40 years old and in a mature neighborhood. It’s full of belongings and heirlooms. We are only

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Ask David

Commercial vs. Residential Leases

Dear David, In a previous article about snow removal, you mentioned that in a residential lease, snow clearing and grass cutting are the landlord’s responsibility. Does this apply to commercial leases?  Is a commercial landlord obligated to have a separate maintenance contract and offset these costs? – TAKING CARE OF BUSINESS DEAR BUSINESS: If you

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Ask David

What to consider when flipping a house

Dear David, My partner and I live in the GTA. We think flipping a house in Kitchener would be a great investment. We’ve been pre-approved for a $600,000 mortgage and hope to invest an additional $50,000 in renovations. I expect we’ll be able to re-sell the house in the high $700,000 to $800,000 range. Where

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Ask David

Assigning an Investment Condo

Dear David, I purchased a new build condo as an investment rental when the market was on its upward swing in 2021. The property was supposed to close in two years. I just received interim occupancy, but interest rates have gone up, property values have fallen, and I no longer think I can afford this

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