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deposit

February 17, 2017
External shot of brick house with sun shining on it

Deposit, Appreciation in Value, New Builds

Dear David, Do I need to put down a deposit when buying a home? How much do I need? – Ready to Buy Dear Ready, Putting […]
May 5, 2017
Living room with television mounted on wall in front of a comfy couch

Deposits, Well Over Asking Price

Dear David, We just signed the agreement to buy our new home. Should we pay the deposit by certified cheque or bank draft? – Ready to […]
June 23, 2017
Row of town houses

Legal Fees For Buyers, Rising Deposits, What’s A Cap Rate?

Deposits are much higher than they used to be; legal fee costs can run high; capitalization rate definition.
February 23, 2018

Deposit gone AWOL, Foundation issues

Dear David, We just sold our home in a multiple offer situation, but the buyer hasn’t brought their deposit. What happens now?  – UNSURE  DEAR UNSURE: […]
March 16, 2018

Loss of deposit, Second chance in multiple offers

Dear David, Will I lose my deposit if the house I purchased burns down before I take possession? – WORRYING DEAR WORRYING: Typically, a few months […]
January 19, 2019

Deposit not delivered, Clearing snow

Dear David, I thought my house was conditionally sold. The buyers and I signed a deal after some negotiation. The next day, their agent said they […]
June 1, 2019

Deposit details, Leaving the family home

Dear David, We found a great house on the weekend and want to buy it, but they’re asking for a $20,000 deposit. How does that work? […]
July 19, 2019

No Pets Policy, Deposit Requested “Herewith”

Dear David, I’m looking for a condo, but want one with a no pet policy.  I’m finding that very few condo developments in this area are […]
February 14, 2020

Porting a mortgage, what if we overpaid for our house?

Dear David, We’re ready to downsize. We still owe about $80,000 on our mortgage, which doesn’t come due for another 18 months. Would you advise we […]
March 13, 2020

Land lease vs. Life lease, Offer two deposits?

Dear David, What’s the difference between a “land lease” and a “life lease”? – LEASED OF MY WORRIES DEAR LEASED: In a typical freehold home purchase, […]
July 3, 2020

Can I bail on a deal? Fixtures vs. chattels

I bought a house with my longtime girlfriend. It’s supposed to close in six weeks. We just broke up, can we get out of this deal?
September 25, 2020

Importance of a separation agreement, Rising deposits

It’s common for divorcing couples to assume the equity in their matrimonial home will be split 50/50, but the division of assets can be complicated.
January 22, 2021

What goes into an offer?

In reviewing thousands of offers, I often see agents who could protect their clients to a higher degree with just a few extra words.