What happens when a buyer backs out of a real estate deal?
Signing a purchase agreement and then failing to close can have serious financial consequences—and courts don’t take it lightly....
Real Estate
Is the family responsible to pay the mortgage for a loved one who has passed away?
When a home owner dies with money owing on the property, the type of ownership determines who is accountable...
How capital gains tax on property is divided in a divorce
When a couple separates, how does owning, transferring and dividing multiple properties affect capital gains?
Co-ownership: Are there any tax implications if you sell part of your house to a relative?
A finance expert addresses capital gains taxes, possible tax credits, and other factors related to co-ownership of a home.
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Are fees payable for acting as a power of attorney?
Can you be paid for a role as an attorney for property, in particular, after the position has already...
What’s Russell Peters doing now? Investing, and it’s a laugh
We all learned about our money during the lockdowns, and so did comedian Russell Peters. He sits down with...
What are the taxes on transferring real estate to your kids?
Joan and her partner own the condo her son lives in, but they want to transfer ownership to him....
Want to become a first-time home buyer in B.C.? These three steps can help
Buying your first home in B.C. requires careful planning and, sometimes, a little help from the government. Here’s how...
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Capital gains, taxes and more: The implications of inheriting real estate
There are tax, estate and other implications when inheriting real estate, even from family.