National Association of Realtors agreed to change broker commission rules, pay out $418M US in settlement. The result maybe that Seller’s will no longer have to pay for Buyer’s agents commissions, Buyer’s will have to bear those costs going forward. A substantial settlement recently announced by a U.S. group representing ...
Continue ReadingWhat makes one business better than another when you are buying a business? Some of the considerations are obvious. Others are not. As you explore the business landscape, keep in view these 12 markers for choosing a business. 1. Location Is the location of the business convenient? Is it close to your ...
Continue ReadingReal estate is a highly regulated business in Ontario. These regulations protect consumers, establish standards and provide for a method of delivering consistent, predictable and professional services. It also provides a means to discipline those that do not uphold those standards. Real estate professionals standards include regulatory (TRESA), fiduciary (legal) ...
Continue ReadingWith Canada’s labor market still experiencing the lingering impacts from Covid-19; many tenants are trying their best to get by with less income, rising inflation and higher rents. At the same time the real estate market is hot and investors with rental properties want to sell to maximize the return ...
Continue ReadingWhile certain industries are regulated federally, property laws are a provincial responsibility. Many of the provinces have similarities in their property laws, but even those are not exactly the same. What happens when a buyer or seller resides in one province and the home being bought or sold is in ...
Continue Reading1-Property tax. May of the services you will enjoy in your new neighbourhood, from parks and recreation facilities to road maintenance and schools, are funded by property taxes. Rates vary widely from region to region and home to home. Annual taxes can top several thousand dollars in urban centres, so ...
Continue ReadingWhat is Phishing? Phishing is a cyber attack that uses disguised email as a weapon. The goal is to trick the email recipient into believing that the message is something they want or need — a request from their bank, for instance, or a note from someone in their company — and to click a ...
Continue ReadingMy salesperson showed us two property listings and, in both instances, we wanted to submit an offer. But the properties were sold before the posted offer date. How can this happen? In a seller’s real estate market, you can expect to find that more than one buyer is interested in ...
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