Ask David

Putting child on title, Replacing basement windows

Dear David, Should I put my son on title to make it easier when I’m gone? – CONTEMPLATING DEAR CONTEMPLATING: The quick answer is no. If you put your son on title and the property is not his principal residence, he’ll be responsible for paying capital gains on any increase in the value of that

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Private mortgage, Renting out a townhouse

Dear David, We don’t qualify to purchase as much as we did a year ago. Should we look at a private mortgage? – LOOKING FOR OPTIONS DEAR OPTIONS: There are a number of mortgage alternatives, including A-type lenders (major banks), B-type lenders (major Canadian institutions, which may be less stringent in their rules) and private

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Inspection affects selling price, Capital gains

Dear David, I sold my home at a price I that made me comfortable. There were some issues with the inspection, and now the buyer wants to reduce the purchase price. My agent doesn’t seem sympathetic to the fact that I am feeling some financial strain. Don’t people understand that I have other expenses and

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