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 1
MY INTERVIEW WITH “THAT INTERVIEW GUY,” MICHAEL KRISAMy Interview From 2011 – In November, 2011 (I was 67 years old then)  I was approached by an innovative and well known realtor and video blog expert to talk with him about how real estate has evolved over the years.  Being in front of a camera ...

By Rosalind Nicholas, Toronto Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
Comments 4
Harbour Square, Toronto, ON - 2+1 Condo for Lease  This spacious condo is in a building situated in downtown Toronto; located directly on the waterfront with a great view of the Toronto Harbour and Toronto Islands. Great Unobstructed South-West Lake Views from all rooms.  It has two-bedrooms and ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Holdover Provision in Listing Agreements (Ontario)Question:Just how does the “holdover provision” work? Answer: Let’s have a look at the actual provision:“The Seller further agrees to pay such commission as calculated above if an agreement to purchase is agreed to or accepted by the Seller or any...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Repaired Defects and Disclosure (Ontario)Question:If it is something that has been fixed does it still need to be disclosed? Say a flooding basement?Answer:The Seller is under an obligation to disclose a material latent defect of which he has knowledge. Fixing or not fixing is not the issue at al...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Agents’ Duties Following Pre-Offer Inspection (Ontario)Question:1)    What is the Buyer’s Agent's disclosure responsibility if they find something major during the home inspection? 2)    I thought the Listing Agent has to disclose to future buyers if one buyer does a pre-offer inspection, finds s...

By Michelle Finnamore, Preparing your property for sale
(Vaughan and Toronto GTA)
Comments 5
Staging in Vaughan and the Toronto GTA area we don't typically stage dining tables with complete table settings as most people never use their dining room except at holiday time.We will stage with a simple table decor like these table settings to create a warm and inviting ambiance in a room...Wh...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 0
SELLING YOUR HOME IS THE MOST LARGEST FINANCIAL DECISION YOU WILL MAKEMAKE IT A BUSINESS DECISION NOT AN EMOTIONAL ONESelling a home should be like any other business transaction, but all too often sellers make emotional or impulsive decisions that cost them money and time.  Choosing the right Re...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 0
REAL ESTATE UPDATE JULY, 2017MARKET UPDATE JULY 2017 - The market has seen a change in the number of sales compared to July, 2016. Number of sales have decreased dramatically by 37.03% from 1,064 down to 670.However, the prices still continue to rise, from $615,081 in July, 2016 to $625,000 an in...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Pre-Offer Home Inspection (Ontario)Question:Assuming that you are the Listing agent, would you let a potential Buyer do a home inspection on your listing BEFORE submitting an offer?If so, why?Answer:I would encourage it.If there are any problems then the Buyers have knowledge and have assumed the...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Correcting Errors in an Offer (Ontario)Question:I am the Listing Agent and I received an offer on a property and the Buyer Agent made a few errors. In particular, he put items that are not included with the sale in the chattels included, and the wrong maintenance fee amount. Apart from those item...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Condition Subsequent (Ontario)Question:What is a condition subsequent?Answer:It is a condition which presumes confirmation unless a notice is provided to the contrary.This means the time limit will come and go without any paperwork required.If the condition were financing until 5:00 pm on Friday....

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Digital Seals on Digital ContractsQuestion:If there is no deposit and the deal is being done electronically the seal in the hard copy is enough to fulfill the consideration as long as all parties have been advised that they are signing under seal? I guess an email explaining this to all parties s...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
For decades the built-in dishwasher has been considered to be a fixture and that makes good sense.However, about 24 months ago, a new product came to the market, namely the roll-in dishwasher. You can’t really tell the difference just by looking. It plugs into an electrical outlet and the water i...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The Deposit is NOT Consideration in a Real Estate DealThe deposit is simply a contract term. It is not consideration. It is not an essential contract element.We have a valid contract, if we have either of two items:1)    Seals. or2)    ConsiderationThe Courts need to figure out whether there is a...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Contract FormationQ: Just to be clear every time the article refers to the deposit not being a part of the contract or consideration is always dependent on whether both parties have affixed seals correct?A: No, a contract requires either “seals” or “consideration, not both. In fact, with the OREA...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Here is some additional commentary on deposits:(1)  The purchase price (ex. $500,000.00) is not consideration. (2)  The promise to pay the price is the consideration from the Buyer.(3)  The promise to convey is the consideration from the Seller,(4)  The contract is formed upon acceptance of an O...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 5
This is one of the pages on my website designed specifically for buyers.BUYING REAL ESTATEFind Your Dream Home – Right Here!Finding and buying the ideal property can be a dream come true. There is something special about walking up to the front door on moving day, sliding in your key and entering...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best discounted and posted rates as of July 31, 2017 6 mos                                 3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.54%          2.84%3yr                                     2.69%          3...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Buyer Default – Consider Bridge FinancingUsing this a source, it’s either unsecured or secured.Unsecured is BestThe Bank will provide the bridge financing that you need. If you have an unconditional sale, closing at a later time, after your purchase, this really is the route to go.The Bank will b...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Defaulted Sales in Ontario In the Spring and Summer of 2017, the real estate market has been volatile, first sharply up, then sharply down. It would appear perhaps that the market has almost levelled out somewhat.The Spring plateau appeared to run from 22 March to 22 April.This resulted in severa...

Ontario Real Estate Agents and Real Estate Professionals