Real Estate News from Popular Ontario Cities

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Real Estate News from Popular Ontario Counties

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 0
There are currently 102 active listings of Homes for sale in Uxbridge on The Toronto Real Estate Board (TREB) MLS®. Currently ..... Median Asking Price $749,700There were 102 homes listed for sale at the end of the week on the TREB MLS® System in Uxbridge with a price range from $174,900 to $7,75...
By Rosalind Nicholas, Toronto Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
Comments 0
Questions about Short-Term Rentals ....... The 2015 Pan Am Games in Toronto are just 2 months away. Associated with it are questions about short-term rentals. Should landlords allow their tenants to rent out their properties to short-term visitors? The event begins on 10th July 2015 and is expect...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
   Ultimately, it can be difficult to determine which ones require review and which ones don’t. For the larger commercial transactions, with $100,000.00 per year in annual rents, the Landlord will usually provide a copy of the Lease ahead of time. I think, the agent should review it and then reco...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
  Question: On an Agreement to Lease, when it is a Net Lease + TMI - does the amount of the TMI get included in the Agreement to Lease or only on the Lease (what about escalation, only on Lease?) Also, the book suggests to include the Lease as a schedule on the Agreement to Lease - does each page...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Dear TaxPayer,Canada Revenue Agency has sent you an INTERAC e-Transfer (previously INTERAC Email Money Transfer).Amount: $ 525.00 (CAD)Expiry Date: 26 April 2015 Action Required: To deposit your money, click here:  link removed to prevent fraudCanada Revenue Agency200 Bay Street, Suite 2400P.O. B...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
  Flying Marble and Old Insurance Policies   A few years ago, it was raining marble at the single best location for real estate in Canada, the intersection of King and Bay Streets in Toronto.   Canada's tallest and certainly one of its most prestigious office buildings is First Canadian Place. I...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Want to Change the Use? Let’s assume that you want to change the use of the property. What does the agreement say about that? The standard form agreement of purchase and sale says: “9. FUTURE USE: Seller and Buyer agree that there is no representation or warranty of any kind that the future inte...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Something should be documented concerning the fact the one Brokerage might act for several Buyers in one bidding war. The Confirmation of Co-operation and Representation won't work. Let’s have a look at the law: Multiple representation 22. A registrant shall not represent more than one client in ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Documentation for Multiple Buyers With bidding wars increasingly more common and even spreading out of the GTA, it will be important to ensure that going forward you have the correct documentation. Bob lists his property with XYZ Real Estate. Offers are held back until next Tuesday at 8:00 pm. T...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.29% 2 YEARS 2.94% 2.19% 3 YEARS 3.44% 2.34% 4 YEARS 3.94% 2.54% 5 YEARS 4.79% 2.64% 7 YEARS 6.04% 3.39% 10 YEARS 6.50% 3.84% Rates are subject to change without notice. OAC E&OE   Prime Rate 2.85% 5 yr variable 2.20%   Call m...
By Susan Emo, Kingston and the 1000 Islands Area
(Sotheby's International Realty Canada - Brokerage)
Comments 2
Close enough to bike or jog to CFB Kingston, schools, shops, sporting activities - the perfect location. This is a generous sized home which is far more spacious than it appears from the outside.On the main level is a light and bright living room with gorgeous hardwood leading to the spacious eat...
By Wayne Liddy, Waterfront homes in Chatham-Kent
(ROYAL LEPAGE PEIFER REALTY INC. BROKERAGE)
Comments 0
Maple Syrup Operation in Chatham-Kent Wins Industry Of The Month AwardCanada is well known for its production of Maple Syrup and its by-products. Producing maple syrup is a long standing Canadian Tradition. What you may not be aware of is that Chatham-Kent according to Don and Jean Giffin, owners...
By Don McAskin, "Everybody is Askin...for McAskin"
(REALTY EXECUTIVES Of Simcoe Inc.)
Comments 0
Home Prices in Barrie Ontario for March 2015Real estate market data for Barrie, Ontario provided by Don McAskin of Realty Executives Of Simcoe Inc. Looking free home evaluation Barrie Home Prices There were 2.7 months of inventory at the end of March 2015, well below levels for this time of the y...
By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 0
There are currently 112 active listings of Homes for sale in Uxbridge on The Toronto Real Estate Board (TREB) MLS®. Currently ..... Median Asking Price $724,900There were 112 homes listed for sale at the end of the week on the TREB MLS® System in Uxbridge with a price range from $174,900 to $7,75...
By Susan Emo, Kingston and the 1000 Islands Area
(Sotheby's International Realty Canada - Brokerage)
Comments 6
The results are in . . .cue Drum rollCanada makes the Top 5 in UN's list of World's Happiest Countries!!!"Only the slightest of margins separates Switzerland, Iceland, Denmark, Norway and Canada in the top ranks of the United Nations’ World Happiness Report released today."And, if it wasn't for V...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 The Evolving Duties and Responsibilities of  “Agents” There are five primary sources of new legal developments for real estate agents:  Statutory laws, Regulatory laws, Changes to the local MLS rules and regulations, Discipline cases published by RECO, and Decisions by the Courts.  Any agent mus...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Sellers Avoid Lawsuits: Factor Defect into Price! Everyone wants to negotiate and get a good price for their house. But, when the deal is closed and the sellers have moved on, they really want to be DONE with the house. So, what’s the point in concealing a defect? It just may come back to haunt ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 An Explanation of Real Estate Services (2015) The document reproduced below is entitled “Working with a REALTOR®”. It offers an explanation of agency and customer service. It was drafted by the Ontario Real Estate Association and it appears on its websites and material. The Toronto Real Estate B...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Bankrupt Renovator - Runs out of Money  Recently, there have been reports about a renovation building contractor who ran into financial difficulty and has left as many as 15 families in a mess with partially completed projects. This article is too late for them, but it might help someone else who...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Buyer Representation Agreement Explained (Ontario) Part 19 – ACKNOWLEDGEMENT Here is the portion of the paragraph dealing with the Acknowledgement. ACKNOWLEDGEMENT The Buyer(s) hereby acknowledge that the Buyer(s) fully understand the terms of this Agreement and have received a true copy of this...

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