Ask David

Leak in a finished basement, How interest rate changes affect value

Dear David, With the spring thaw, we are nervous about a foundation leak. Our basement is finished, how can we tell if we have an issue? – WATERMARK DEAR WATERMARK: If you see evidence of a leak, a finished basement can make it harder to identify the source, but there will be clues. Don’t tear

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Condominium Law, Water Heaters, Checking Out a Well

Dear David, I heard there have been recent changes to condominium laws, can you hit the highlights on how this affects the average owner?  –  HIGH LIFE DEAR HIGH LIFE: This past winter, the Ontario Government made changes to the Condominium Act and the Condominium Management Services Act (CMSA). The changes affect bookkeeping methods and

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Deposit gone AWOL, Foundation issues

Dear David, We just sold our home in a multiple offer situation, but the buyer hasn’t brought their deposit. What happens now?  – UNSURE  DEAR UNSURE: All real estate contracts involve time limits. When a buyer and seller reach an acceptable purchase agreement, the buyer has 24 hours to deliver their deposit to the listing

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Ask David

Foundation Crack, Tree Damage, Commercial Space

Dear David, We’re thinking about selling our back split. My husband noticed a crack in the foundation by the basement window. Should we be concerned? – CRACKED DEAR CRACKED: It sounds like a typical “step crack”, which is somewhat common in this style of home. Foundation cracks are quite common in general, as concrete tends

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