CONDO SALES CONTINUE TO RISE

The Building Industry and Land Development Association (BILD), issued a press release this week announcing that condo sales in Toronto reached a record high in the month of June.  91% of all new houses sold were condominiums with only 9% of new sales attributed to low-rise single family homes.   Despite the resale market slowing down, the Province’s fair housing plan in effect since April, has had very little impact on new home sales.  To read the full report, click here

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Squatter’s Rights

We have all heard the term “squatter’s rights” and immediately conjure up images of persons of an undesirable nature moving into a vacant home or cottage and refusing to move out once discovered.  Many of us never think that squatters rights could affect the properties we currently own and live in.  Think again.  You may have squatters on your property right now and are not even aware of it.  Tim Duggan offers up some interesting facts concerning the conundrum surrounding this age-old legal principle which can still be cause for concern in property ownership today.  Find out more by reading Tim’s article here