Brian's Ontario Real Estate Blog

Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)



Oklahoma Offer in Real Estate Explanation   By Brian Madigan LL.B.What is an Oklahoma Offer!Actually, it's a simple form of real estate fraud. There are variations depending upon how many parties are involved and who is the intended victim.So, let's look at two examples, in the first the victim i...
Canada's Recession is Over   By Brian Madigan LL.B.Officially, Canada's recession is over. Canada's economy as measured by its gross domestic product actually grew in the third quarter of 2009.Now, it only takes two consecutive downward quarters to start a recession, but only one upward quarter t...
Chimneys and Maintenance   By Brian Madigan LL.B.It's that time on year again, and I wanted to provide you with some information about chimneys. This information comes courtesy of a friend of mine, Jim Walker a home inspector in the Greater Toronto area:What's the difference between a masonry chi...
Should You Buy Real Estate Now or Wait?   By Brian Madigan LL.B.Don't wait to buy real estate; buy real estate and wait!That is a much better strategy. It is the long term that is important. Look to the next 10 years. Don't look at the situation, month to month. If you do you will always find eno...
Maintain Excellent Financial Books   By Brian Madigan LL.B.If you are in business you should keep good financial records. It just makes sense, but so many small businesses neglect this tedious and somewhat time-consuming task. Careful records take time. And, if you don't really have the time your...
Joint Tenancy and the Resulting Trust   By Brian Madigan LL.B.While there are some advantages to joint tenancy, there are also some problems. The primary advantage is the ease of administration of a deceased's estate. It is simple and uncomplicated, nothing more than the registration of a death c...
Is Joint Tenancy a Poor Man's Will?   By Brian Madigan LL.B.Question: I am concerned about my mother. Ten years ago, she married a man who now seems to be in ill health. He has operated his own business for over thirty years. Their only real asset is the house. He refuses to make a Will and claim...
Everyone Has a Will   By Brian Madigan LL.B.Everyone has a Will. The problem is that most people don't know where it is. They have never seen it, they never signed it and they don't know what it says.The Ontario Government has written out a generic Will for everyone. It's set out in the Successio...
Solicitor's Opinion: The Gold Standard   By Brian Madigan LL.B.When it comes to conveyancing practice, the solicitor's opinion is the gold standard, not a title insurance policy.Let's have a look at the policy and determine where it fits in.First, it is an insurance policy. Historically, insuranc...
Lawyers' Opposition to Title Insurance   By Brian Madigan LL.B.For years, lawyers were strongly opposed to title insurance. In common law jurisdictions, the normal conveyancing practice was to obtain a title opinion.Sure, you could buy a property yourself and accept all associated risks, but, if ...

Brian Madigan

LL.B., Broker
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