CostReal estate situations no calculator covers
The situations people usually discover by getting hurt — explained plainly, with a worked example and who to ask before you act.
What Happens if the Appraisal Comes in Below Your Offer
You won at $900,000. The bank says it's worth $850,000.
SituationsOccupancy Fees: Paying to Live Somewhere You Do Not Yet Own
Your pre-construction condo is ready. Closing isn't for another eight months. The builder wants monthly "occupancy fees" in the meantime.
SituationsAssignment Sales: What You Are Actually Buying
The listing says "assignment sale." You're not buying a condo — you're buying someone else's contract to eventually buy one.
SituationsWhat a Co-Signer Actually Takes On, and How Hard It Is to Remove
Your parent agrees to co-sign your mortgage "just to help you qualify." What they've actually agreed to is full legal responsibility for the entire loan.
SituationsSpecial Assessments: How a Condo Bill of $30,000 Happens
Your condo board just announced a special assessment. Your share is $30,000, due within 90 days, and it has nothing to do with your monthly fees.
SituationsMoving Into Your Rental, or Renting Out Your Home: The CRA's View
You're moving into the rental property you've owned for years, or renting out the home you've lived in — either way, the CRA treats it as if you sold and immediately re-bought the property.