Real Estate News from Popular Ontario Cities

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Real Estate News from Popular Ontario Counties

By Gil Strachan
(Electrospec Home Inspection Services)
Comments 0
The Ministry of Consumer Services asked a volunteer panel of experts to review home inspector qualifications in Ontario. This is the panel’s report to the Minister. Currently in Ontario, anyone can call themselves a home inspector. This report takes a closer look at Ontario’s home inspector profe...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 0
I’m proud to be the real estate agent of choice for those who want a great experience buying or selling a home. My “clients-first” approach means that you’ll be working with a professional who listens to you, provides expert advice, and works hard on your behalf to meet your goals.Visit my new ea...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Agent Misses the Parking Pad AgreementThis situation was simple enough. Bob acted for Bill in the sale of his property. There was a mutual driveway. It was not quite wide enough to park Bill’s car but the neighbour gave permission (tolerated or acquiesced) to Bill. So, Bill parked his car there.B...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Agent Breaks Into House with Home Inspector and BuyerAs strange as it may seem that’s exactly what one agent did.The Agreement was subject to a home inspection condition. The Listing Agent was going away, so the Buyer’s Agent without any appointment whatsoever simply went over to the property wit...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Seller Might Die Before ClosingQuestion:What happens if the Seller dies before the closing date? The Seller has already signed an Agreement of Purchase and Sale by an Attorney pursuant to a Power of attorney (POA).Answer:The Agreement that you have would still be enforceable but the risk is that...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Signing the Acknowledgement in AdvanceQuestion:Is it OK to sign the Acknowledgement on standard form OREA Agreements of Purchase and Sale in advance. It would be a big timesaver?Answer:It is foolhardy to sign this Acknowledgement in advance.It just make you look negligent. It would be helpful to ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Ontario Government Places Agents on the Spot“Working with the real estate profession and consumers, the province is committing to review the rules real estate agents are required to follow to ensure that consumers are fairly represented in real estate transactions. This includes practices such as...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Agent Fails to Pay Referral FeeSteve acted for his two buyers, Albert and Jane. He had a loyalty agreement signed, better known as a Buyer Representation Agreement or BRA for short.The BRA ran from July 25, 2014 and expired on October 25, 2014.  It also contained a 90 day holdover clause.Albert a...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The Lost Deposit Cheque in OntarioQuestion:Firm Buyer deal. I’m the Buyer’s agent. I drop off the bank draft deposit cheque to (and payable to) the listing brokerage and get a receipt. Over a week later we get a call that the listing brokerage can’t find the bank draft. The Buyer goes to the bank...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 0
10 VERY IMPORTANT REASONSWHY YOU SHOULD HIRE AN KNOWLEDGEABLE PROFESSIONALWHEN BUYING OR SELLING  REAL ESTATE Buying or selling a home is probably THE most important financial transaction you will make during your lifetime, and having a trained, experienced realtor who has the knowledge and exper...

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 - 1.48%Canada housing 06/15/22 [-0.02]       5 Year - 1.05%CAN 0.50 03/01/22 [-0.02]       0.99%                       [-]                        10 Year - 2.10%Canada housing 06/15/27 [-0.04]       10 Yea...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Is Commission Payable for a Full Price Offer? (Ontario)Question:Is Commission Payable for a Full Price Offer?Answer:While it may sound strange, the Buyer’s Agent is entitled to the co-operating portion of the Commission based upon a full price Offer without conditions. The trigger for commission ...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 0
Uxbridge, Ontario - Moving to Uxbridge? History and HeritageUxbridge Churches have, and continue to play a major role in the History and Heritage of Uxbridge.They represent the diversity of the residents of Uxbridge. For those considering a move to Uxbridge we have included links to the church we...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 4
What Happens when Listing Agent Tries to Steal Your Client? (Ontario)Question:My client went to an Open House yesterday and the Listing Agent told him:"There are 5 offers. If you don't have an agent, I will represent you and make sure you get this house. Seller wants (list price+$350k)" My client...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 1
7609 Concession 6 Uxbridge  A million dollar view .... Overlooking UxbridgeThis stunning home has sheltered families for 143 years... now its your turn!   Circa 1874Is this what your dream home looks like?Tour/Photos 1.5 acres 4 bedrooms custom kitchen original trim and details cozy family room ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Working with a Realtor Form for Leases?Question:When listing a lease, do you get them to sign a Working with a Realtor Form 810?Answer:WWR is a strange document and doesn't meet the requirements of disclosure specified in the Listing Agreement. But, other than that, I suppose that's all there is,...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Eight Leading Supreme Court of Canada Cases (Real Estate Course)Did you know that the Court set out the rules for implied agency over 20 years ago? That’s all about being an agent and not having any kind of paperwork to show for it. Most real estate agents never heard of the case. The decision go...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Risk Management: Fighting Against Real Estate Malpractice Course  Did you know that the Court set out the rules for implied agency over 20 years ago? That’s all about being an agent and not having any kind of paperwork to show for it. Most real estate agents never heard of the case. The decision ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
 Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.49%Canada housing 06/15/22 [-0.01]       5 Year - 1.05%CAN 0.50 03/01/22 [-0.01]       0.99%                       [-]                        10 Year - 2.13%Canada housing 06/15/27 [-0.02]       10 Ye...

By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Re/Max Realty One Inc., Brokerage)
Comments 2
House For Sale 1.74 Acre Lot at 7441 Old Church Road, Caledon ON  Your Search is Over! A home to appreciate all season long! A Home for All Seasons!                        Spring is in the air - see, smell, touch the perennial Gardens, listen to the birds sing. Summer Oasis - sun, trees, pool, sa...

Ontario Real Estate Agents and Real Estate Professionals