Bill 23, More Homes Built Faster Act, 2022 received Royal Assent on November 28, 2022. Bill 23 was introduced as a means to increase housing supply and improve housing affordability…. For current homeowners, one may consider adding additional units to the property to increase the value of their home as well as set off the exorbitant mortgage rates and continuously increasing property taxes.
Transactions in the investment, commercial, or industrial world are often quite different from other real estate and business deals. Their unique set of characteristics begins with the Agreement of Purchase and Sale. Almost every commercial real estate agent I have met wants the buyer’s offer reviewed carefully and amended after a client meeting, before it goes to the seller. This process is different from the typical residential transaction, because, normally, there are not multiple offers, which means that the buyer has time to consider their position. While what follows is mostly from the point of view of a buyer, sellers can use that time to better understand how it can work for them.
