By: Mistry Keyur

Will Climate Change Impact My ...

When most homeowners think about what affects property values, the first things that come to mind are interest rates, location, or the quality of local schools. But in 2025 and beyond, there’s another powerful factor you can’t afford to ignore: climate change.



Climate Risks and Real Estate

Properties located in high-risk zones—such as floodplains, wildfire-prone areas, or along unstable shorelines—are facing new challenges. Insurance premiums in these areas are climbing at an alarming rate. In some regions, insurers are even refusing coverage altogether, making homes not only more expensive to maintain but also harder to sell or finance.

This shift is forcing both buyers and sellers to think differently. Homebuyers today are asking tougher questions:

  • Is the roof designed to withstand heavy storms?

  • Does the basement have a sump pump or waterproofing system?

  • Is there backup power in case of outages?

In other words, climate resilience is becoming a selling feature.

Winners and Losers in the Market

While vulnerable zones may see property values stagnate—or even decline—homes in lower-risk, more resilient areas may become more desirable. As demand shifts away from risky regions, well-located, climate-resilient properties could experience increased competition and rising values.

Just as “location, location, location” has always been a golden rule in real estate, climate risk is now joining the list of core factors that determine long-term property value.

What This Means for You

If you own property, it’s worth asking: Is my home in a climate risk zone? And if you’re thinking of buying, consider climate resilience as carefully as you would square footage or school ratings.

Final Takeaway

Climate change isn’t a distant problem anymore—it’s reshaping the real estate market right now. Being informed about your property’s risks and resilience could mean the difference between strong future appreciation or unexpected financial strain.

💡 Want to know if your property is in a climate risk zone? Reach out directly, and I’ll send you my free resource list to help you evaluate your property.

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By: Mistry Keyur

Can You Buy a Home in Ontario ...

The short answer is yes — you can legally buy a home in Ontario without working with a real estate agent.

But just because it’s legal doesn’t mean it’s the best choice for everyone. Here’s what you need to consider before navigating one of the biggest purchases of your life on your own.


1. The Seller’s Agent Doesn’t Work for You

If you contact a listing agent directly, it’s important to understand their legal duty is to the seller — not you. Their job is to negotiate the best possible price and terms for their client.

That means you won’t have anyone advocating solely for your interests during the offer and negotiation process.

2. You’re On Your Own with Offer Structure & Conditions

A REALTOR® brings more than just access to listings — they guide you through:

  • Crafting a strong and balanced offer
  • Strategically including conditions like financing or home inspection
  • Navigating multiple-offer situations

Without that expertise, you may structure your offer in a way that leaves you vulnerable or unable to compete.

3. You Could Overpay or Miss Hidden Risks

REALTORS® have access to current market data, local insights, and comparable sales history. This helps you avoid overpaying — or missing red flags in a property’s condition, location, or value.

Going it alone means you may not spot critical issues until it's too late.

4. Real Estate Involves Legal Contracts and Deadlines

Every real estate transaction in Ontario involves legally binding contracts and firm timelines. If you’re not working with a REALTOR®, it’s crucial to have a real estate lawyer review all documents before you sign anything.

Final Thoughts

Buying a home without a REALTOR® is legal — but it comes with risks. If you’re confident, informed, and supported by a good lawyer, it’s possible.

But for most buyers, having a trusted real estate professional in your corner provides peace of mind, negotiation power, and protection throughout the process.

Thinking of buying but not sure where to start?

Contact me today — no pressure, just real answers to your questions.

DISCLAIMER:
The content provided is for informational purposes only and is based on information available at the time during which it was created. No recommendations are express or implied either directly or indirectly. Do not rely on this content to make business or financial decisions or decisions otherwise. Always consult with a professional to seek advice relevant to your individual situation. Not intended to solicit contracted clients.

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By: Mistry Keyur

Do You Need a Real Estate Lawy...

Buying a home is one of the most exciting — and financially significant — steps you can take. But before you get too far into the process, it’s important to understand that in Ontario, you’re legally required to have a real estate lawyer to close the transaction.

Ontario’s regulations make it clear: you cannot close a real estate deal without legal representation.


Why Is a Real Estate Lawyer Required?

Real estate transactions are complex, and a lawyer plays a critical role in protecting your legal and financial interests. They ensure that your purchase is not only valid, but properly registered and free from any hidden issues.

What Does a Real Estate Lawyer Do?

Here’s what a licensed lawyer will typically handle for you:

✔️ Reviewing the Agreement of Purchase and Sale — making sure the terms are clear, fair, and in your best interest
✔️ Conducting a Title Search — ensuring the seller has the legal right to sell and the title is clean
✔️ Checking for Liens or Zoning Issues — confirming there are no unpaid debts or legal restrictions on the property
✔️ Registering the Deed and Mortgage — officially transferring ownership and securing your financing
✔️ Disbursing Funds and Confirming Legal Closing — making sure all money goes where it should and the deal closes smoothly

Why It Matters

Real estate is not something to DIY or handle based on guesswork. A small mistake or overlooked clause could cost you thousands — or even risk your ownership rights. That’s why having a trusted real estate lawyer on your side is not just helpful, but absolutely essential.

Final Thoughts

If you’re planning to buy a home in Ontario, connecting with the right legal professional should be one of your first steps. A good lawyer helps you avoid surprises, navigate the legal process, and ultimately protect one of your biggest investments.

DISCLAIMER
The content provided is for informational purposes only and is based on information available at the time during which it was created. No recommendations are express or implied either directly or indirectly. Do not rely on this content to make business or financial decisions or decisions otherwise. Always consult with a professional to seek advice relevant to your individual situation. Not intended to solicit contracted clients

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By: Mistry Keyur

Can a Non-Resident Buy Propert...

Canada’s real estate market continues to attract attention from global investors, students, and immigrants. But if you're a non-resident considering buying property in Canada in 2025, it’s important to understand that while it’s possible, there are legal restrictions and tax rules that may apply.


What’s the Current Law?

As of 2025, Canada is still enforcing the Prohibition on the Purchase of Residential Property by Non-Canadians Act — a federal law that temporarily restricts certain non-residents from purchasing residential real estate in designated urban areas.

Who Is Affected?

The law mainly targets foreign buyers with no ties to Canada. However, there are important exceptions:

  • ✅ International students on long-term study permits

  • ✅ Temporary foreign workers meeting certain criteria

  • ✅ Refugees and individuals with protected status

If you fall into one of these categories, you may still be eligible to purchase property, even in areas where the ban applies.

Which Properties Are Excluded?

Not all properties fall under the ban. Rural and recreational properties, for example, may be exempt. Some provinces and municipalities also have their own rules, so working with a knowledgeable REALTOR® is critical to avoid costly mistakes.

Be Aware of Additional Taxes

Even if you’re allowed to buy, non-resident buyers may be subject to additional taxes. In Ontario, for instance, there's the Non-Resident Speculation Tax (NRST) — currently set at 25% of the purchase price.

Other provinces may have similar taxes or surcharges, so it’s vital to get provincial-specific legal advice.

Final Thoughts

Yes — non-residents can buy property in Canada in 2025. But it’s not a DIY process. With legal restrictions, eligibility rules, and extra taxes in play, expert guidance is a must.

If you’re an overseas buyer or advising someone who is, consider working with a REALTOR® and legal advisor who understand these complexities — and can help navigate them confidently.

DISCLAIMER
The content provided is for informational purposes only and is based on information available at the time during which it was created. No recommendations are express or implied either directly or indirectly. Do not rely on this content to make business or financial decisions or decisions otherwise. Always consult with a professional to seek advice relevant to your individual situation. Not intended to solicit contracted clients.

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By: Mistry Keyur

Can You Sue a Seller for Hidin...

Buying a home is one of the biggest financial decisions most people make — and when something goes wrong, it can be both financially and emotionally draining. One of the most frustrating situations a buyer can face is discovering a serious hidden defect after closing. So, the big question is:

Can you sue a seller in Ontario for hiding defects?
Yes — but only if you can prove it.


What Is Considered a “Hidden Defect”?

A hidden defect, also known as a latent defect, is a problem with the property that:

  • Was not visible or discoverable during a reasonable inspection

  • Significantly impacts the use or value of the home

  • Was known to the seller and not disclosed

Examples include:

  • A leaking foundation or basement

  • Hidden water damage behind walls

  • Electrical issues not visible during walkthroughs

  • Previous flooding or fire damage that wasn’t reported

When Can You Sue the Seller?

If the seller knew about a serious issue and intentionally failed to disclose it, you may have legal grounds to sue under:

  • Misrepresentation

  • Fraudulent concealment

These are serious legal claims and require proof — not just that the defect exists, but that the seller was aware of it and chose not to disclose it.

What Could You Be Compensated For?

If your claim is successful, the court may award you compensation for:

  • The cost of necessary repairs

  • Loss in property value

  • Legal fees and related expenses

However, not every post-closing issue qualifies. For example, general wear and tear or issues that could have been discovered during a home inspection may not be grounds for a lawsuit.

What Should You Do If You Find a Serious Defect?

If you've recently taken possession of a home and discovered a major issue:

  1. Document everything — photos, emails, inspection reports, receipts.

  2. Do not delay — there's a limited time to take legal action.

  3. Consult a real estate lawyer immediately to review your options.

Timing, documentation, and professional legal advice are critical in these situations.

Final Thoughts

Discovering hidden defects after buying a home can be overwhelming — but in some cases, the law is on your side. Just remember, proof of knowledge and concealment is key to any successful legal action against a seller in Ontario.

DISCLAIMER
The content provided is for informational purposes only and is based on information available at the time during which it was created. No recommendations are express or implied either directly or indirectly. Do not rely on this content to make business or financial decisions or decisions otherwise. Always consult with a professional to seek advice relevant to your individual situation. Not intended to solicit contracted clients.

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By: Mistry Keyur

What Happens If You Back Out o...

In Ontario’s real estate market, backing out of a deal after it becomes firm can lead to more than just disappointment — it can trigger serious financial and legal consequences.

Whether you're buying your first home or navigating a complex transaction, it's crucial to understand your obligations once you sign on the dotted line.


When Does a Deal Become “Firm”?

A real estate deal typically includes certain conditions — such as financing approval, home inspection, or the sale of an existing home. 

Once those conditions are waived or fulfilled, the deal becomes firm. At this stage, you’re legally bound to complete the transaction.

What If You Back Out?

If you back out after a firm deal, the consequences can be significant:

1. Loss of Deposit

Your deposit — which can be tens of thousands of dollars — may be forfeited. The seller can claim it as compensation for the failed transaction.

2. Lawsuits for Damages

If the seller relists the property and sells it for less than your offer, they can sue you for the difference, along with other related damages.

3. Additional Costs

You may also be held responsible for:

  • Legal fees

  • Mortgage interest costs

  • Real estate commissions

  • Other carrying costs the seller incurred due to the failed deal

What If Something Changes?

Life happens — maybe you lost your job, your mortgage approval was revoked, or you're simply having second thoughts.

Here’s the key: act fast and get legal advice immediately.
There may be options such as:

  • Assigning the agreement to another buyer

  • Negotiating a mutual release with the seller

  • Seeking remedies through your financing institution or legal counsel

The Bottom Line

Backing out of a real estate deal in Ontario is not a decision to take lightly. Once the deal is firm, you’re under a legal obligation to close. Failure to do so can lead to serious financial penalties and legal action.

If you’re unsure or something changes after your offer is accepted, don’t delay — speak with a real estate lawyer or your REALTOR® right away. The sooner you act, the more options you may have.

Need help navigating your real estate transaction?
I’m here to guide you through every step — with clarity, confidence, and the right legal support when needed.

📞 Contact me today to discuss your options.

DISCLAIMER
The content provided is for informational purposes only and is based on information available at the time during which it was created. No recommendations are express or implied either directly or indirectly. Do not rely on this content to make business or financial decisions or decisions otherwise. Always consult with a professional to seek advice relevant to your individual situation. Not intended to solicit contracted clients.

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