Money Laundering laws (FINTRAC) and Real Estate Developers

Back in June this year, all Real Estate Agents had to learn and be in compliance with the Anti-Terrorist and Money Laundering laws. The new regulations came into effect on June 23, 2008, targeting all professionals in the "money industry", or those who deal with large cash transactions. The rules applies to accountants, notaries, casinos, financial institutions, life insurance companies, … [Read more...]

How to repossess your income property

You found an income property you like. The place is perfect for you; great location, in fantastic condition. It's fully rented with good paying tenants in long term leases. The revenues are good enough to cover all the expenses; including your own part of the mortgage....Because, after all, you are buying the place to move in. Right? Living rent free, what a dream! But wait a minute. … [Read more...]

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