The Markham Investorâ€s Cash-Flow Stress Test: Modelling a Renewal at 4.5% vs. 5.5%

How will a higher mortgage renewal rate affect my Markham rental property cash flow Many Markham investors who bought near the 2022 price peak are renewing at rates well above their original terms. In the example below, a condo with a $480,000 mortgage and $2,700 monthly rent has net operating incom

The Deposit Protection Guide: Wire Fraud, Bounced Bank Drafts and Default Remedies

What happens if a buyer deposit is late or fails in an Ontario home sale In most Ontario home sales, the buyer’s deposit is due within 24 hours of acceptance and is held in trust, usually by the listing brokerage. If it arrives late, the deal is not automatically cancelled: the outcome depends on th

Financing Rural-Suburban Fringe Properties in Northern Markham: Septic, Well and Conservation Limits

What should buyers check before financing a Markham property with a well or septic system Most Markham homes use City water and sewers, but some estate and rural properties on the edges of the city rely on a private well and septic system, and some sit inside the Greenbelt or Oak Ridges Moraine plan