5 tips for anyone considering becoming a landlord: Be clear about your income expectations. You'll have to pay tax on rental income and expect to spend one to two months of rental income on property maintenance and repairs. Invest in the location and condition of your space to attract quality tenants. Understand your legal obligations as a landlord as well as zoning and insurance issues for renting out your space. Be prepared to spend time and energy addressing tenant... [read more]

When you purchase a brand new condo and finally get the keys to your suite, many buyers are surprised to find out that their new home is not theirs yet. Although this is an exciting phase in the new home ownership process, it is actually not the “ownership” phase.  It’s called “interim occupancy” and it allows a builder to finish construction while also organizing an orderly move-in process for what could be hundreds of buyers. And with so many moving parts,... [read more]