School room with empty desks
Ask David

Making an offer, House Key, Schools

Dear David, We are first time buyers and quite nervous about the process. If we make an offer and can’t get our financing, can we get our deposit back? – Cash Conscious DEAR CASH: The short answer is “yes”. A properly drafted offer includes the provision that if any condition is not met, the deposit

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Major Improvements Required, Budgeting for First Home

Dear David: We fell in love with a house that needs a new roof & furnace. We can’t afford these projects right now, but don’t want to miss this opportunity. What can we do? — Heartbroken Dear Heartbroken: A roof and furnace are major improvements, but not necessarily a reason to walk away from a

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Rent Increases, Affordable Home Ownership Program

Dear David, We own several rental properties and it time for us to increase the rent. We usually put it up $50 per month, but heard that something has changed with rent increases. Can you fill us in? – Curious Landlord DEAR LANDLORD: Rent control used to apply to properties rented out before 1991, but

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Ask David

Rent or Buy, Buying From a Builder, Selling Now or Later

Dear David, I currently rent in a great building. My parents want me to buy a home, but that will mean getting a smaller place. With housing prices so high, shouldn’t I just wait? – Living Well Dear Living: It can be daunting to bite the bullet, but I encourage everyone to get into the

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Ask David

Condo Home Inspection, First-time Home Buyers, Ceiling Damage

Dear David, Do I need a home inspection when buying a condo? – Unsure Dear Unsure, I always recommend a home inspection to my buyers, as a matter or good practise. That said, it really depends on how much of the property is under the responsibility of the condo corporation. In a high-rise apartment style

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