Real Estate News from Popular Ontario Cities

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Real Estate News from Popular Ontario Counties

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 0
 Choosing the right right when selling your home is an important element to the process. Selling a home is one of the most important financial decisions you will make, and working with the right realtor to market your home, is another important decision you will make to achieve the best possible ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 REBBA Review RECO LetterThe Ministry of Government and Consumer Services is undertaking a review of the Real Estate and Business Brokers Act, 2002.Everyone is invited to make submissions. I have seen and reviewed the submissions made by many people and organizations alike.I thought that I was mi...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The Latin Term "Affidavit" ExplainedBy Brian Madigan LL.B.The latin term "affidavit" is a very common term used in law. Translated, it means "he who has declared upon oath". The meaning is rather specific. It refers to a document that is verified under either oath or affirmation and where the dep...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 2
ODOURS CAN DETER BUYERSHaving a fresh clean scent in your home is very inviting, or the pleasant odour of cookies or bread baking in the oven!!   Strong plug-ins, or harsh cooking odours are one way to discourage buyers from taking a careful look at your home and usually will not take the time to...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
FINTRAC Information is ConfidentialQuestion:Writing up an offer and the Schedule B has this funny clause that they want to be able to inspect the FINTRAC form. Is this not right?Answer:The Act stipulates you and the other party are subject to criminal penalties of up to 5 years in jail or a fine ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Specific Performance as a Remedy in OntarioQuestion:I am representing the buyers in a deal that is firm and set to close in a few weeks.. The Listing Agent says her client wants to back out of the deal. My clients' lawyer says we can't force them to close and that the best they can do is purchase...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Tenancy Assumption and Closing Issues At the End of the Month (Ontario)Question:I have a closing scheduled for the end of the month and given proper notice to the Tenant’s to vacate. I now understand that they won’t be out.What should I have done here?AnswerLet’s assume that the closing is schedu...

By Michelle Finnamore, Preparing your property for sale
(Vaughan and Toronto GTA)
Comments 4
Staging in Vaughan and the Toronto GTA we come across our fair share of homes that have an old piano where  the sellers don't know what to do with it.Either the piano hasn't been played in years and is there for sentimental reasons only or it is played but it really could use a style update to fi...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Use a Lawyer Review Clause to Protect Your Buyer with DementiaQuestion:Representing the Seller in a sale. Drafting offer for Buyers at their instruction with customer status. It's come to light that one of the Buyers has early stage dementia.Other Buyer is Buyer 2's family member, Buyer 2's inten...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.93%*Canada housing 12/15/22 [-0.04]       5 Year - 1.52%CAN 0.50 03/01/22 [-0.04]       0.98%                       [-]                        10 Year - 2.34%Canada housing 06/15/27 [-0.03]       10 Y...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Insurance Company Inquiries (Ontario)Question:What can we do to stop them from relying on real estate agents for all of the information? I believe that they should be sending out adjusters to look at homes before they issue insurance. I do not think this should fall on our shoulders as realtors t...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Updating the Illegal Substances ClauseA recent case in Ontario Superior Court calls into question a familiar and frequently used clause in Agreements of Purchase and Sale:“The Seller represents and warrants that during the time the Seller has owned the property, the use of the property and the bu...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 0
ATTRACTING QUALIFIED BUYERS HOW DO YOU ATTRACT QUALIFIED BUYERS? It is important to attract the attention of the right buyers eager to get into a property like yours. This will result in a price you would expect.  Otherwise, your house may take longer to sell and you may not get the price you exp...

By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Re/Max Realty One Inc., Brokerage)
Comments 2
Coming Soon - 147 Greene Drive Brampton ON House for Sale Great, renovated Townhouse for Sale in Brampton at 147 Greene Drive. no condo fees!  Renovated 3 Bedrooms, 2 Washrooms, with Finished Basement being listed for an incredible price! Please call me for further details and to schedule your pr...

By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Re/Max Realty One Inc., Brokerage)
Comments 0
Coming Soon - 32 Buena Vista Drive, Mono ON - Orangeville  Location, Location, Location!  Close to Hwy 9 and Hwy 10  Here is your chance to have a Bungalow situated on 1.44 Acres in the highly sought-after neighbourhood of Purple Hills!  This home is walking distance to town, yet provides the tra...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Seller’s Release from Prior Agreement Gives Too Much Power to the First BuyerSometimes, there is more than one way to deal with an issue. Let’s look at a situation where Buyer #2 wants to proceed with an Offer on a property.Looking at the standard form precedents, one would find the following:Con...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Wills, Marriage and Divorce in OntarioQuestion:Is a Will in Ontario revoked by marriage or divorce? What if a couple separates and the Will hasn’t been changed.Answer:A Will is revoked upon Marriage, unless the surviving spouse elects to take under the Will.A Will is partially revoked by Annulmen...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Market Defaults and RemediesThe current Toronto real estate market has been interesting and somewhat volatile so far it 2017. The actual reasons don’t matter that much. It accelerated rapidly and then it declined abruptly. This caught both Buyers and Sellers off guard.Some people don’t want to cl...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Pre-Listing Open House and the Buyer (what is the relationship?)Question:I got a Buyer client from an Open House which I did prior to Listing to see if there was any interest. Now, I have a Buyer. What do I do?Answer:Potentially, this is extremely risky. I assume that you are under an implied age...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Wrapping up the First Deal (Ontario)Questions:I am the Listing Agent. I had a deal that was signed conditionally, conditions have expired, I didn't get NOF or waiver, so the deal is dead. I requested the cooperating agent to send a release which she said she will and she didn't. For some reason, ...

Ontario Real Estate Agents and Real Estate Professionals