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What Real Estate Litigation Teaches Buyers in Ontario
Most buyers hope their real estate transaction will proceed smoothly: the offer is accepted, financing is approved, the property closes, and everyone moves forward successfully. However, real estate disputes and litigation can arise when: expectations are unclear, risks are underestimated, documentation is weak, due diligence is incomplete, or contractual obligations are ...
Continue ReadingFailed Agreements of Purchase and Sale in Ontario
An Agreement of Purchase and Sale (“Agreement”) may not be completed for a number of reasons, including unsatisfied conditions relating to matters such as financing, rezoning approval, a home inspection or the sale of a buyer’s current home. This failure to satisfy a condition may raise an issue about the ...
Continue ReadingProtecting Tenants and Strengthening Community Housing Act, 2020
The Protecting Tenants and Strengthening Community Housing Act, 2020 amends the Residential Tenancies Act, 2006, the Housing Services Act, 2011, the Building Code Act, 1992 and repeals the Ontario Mortgage and Housing Corporation Act. Originally posted on July 22, 2020 The changes to the Residential Tenancies Act, 2006 (RTA) strengthen protections for tenants ...
Continue ReadingWorking with a REALTOR® in Ontario
When working with a REALTOR® it is important to understand who the REALTOR® works for. To whom is the REALTOR® legally obligated? The Agency Relationship REALTORS® are governed by the legal concept of “agency.” An agent is legally obligated to look after the best interests of the person he or she represents. The ...
Continue ReadingDelayed Offer Presentation in Ontario Real Estate
Understanding the delayed offer presentation process Delayed negotiations, used appropriately, can be a powerful tool when it comes to selling a home. Done right, this tool is a plus for buyers too. So how do you know if delayed negotiations are right for you? First, talk to your real estate agent. It’s not ...
Continue ReadingWhy REALTORS® Earn Their Commission
REASON # 1 The numbers are In. Statistics from the National Association of Realtors® prove that homes listed with a licensed full-time agent sell for approximately 26% more than those sold “For Sale By Owner”, even after the commission. Why? Mainly because active agents know the market and what a home will bring – ...
Continue ReadingOntario Real Estate Is More Than Just Sales
Members of the public seem to think that all I do is sell property. While that is part of my work, the amount of time I spend selling represents just 20 per cent of my job activities. The role of the REALTOR®, in my view, is not so much a salesperson ...
Continue ReadingIndustrial Leasing Terms Explained
Industrial leasing can involve significant: financial commitments, operational obligations, long-term business planning, and contractual complexity. However, many tenants initially focus primarily on: rental rate, square footage, or building location, while overlooking important lease terms that may significantly affect: operational flexibility, occupancy cost, liability exposure, and long-term business sustainability. Industrial leases often contain specialized ...
Continue ReadingRisks of Not Employing a Property Management Professional
Many property owners initially choose to self-manage rental property in an effort to: reduce expenses, maintain direct control, or simplify operations. In some situations, self-management may work well for landlords who: have experience, understand regulatory obligations, maintain organized systems, and have the time to actively manage the property. However, many landlords underestimate ...
Continue ReadingOntario Human Rights Code and Housing Rights
Every person has the right to be free from discrimination in housing because of Code-protected grounds. You have the right to equal treatment when buying, selling, renting or being evicted from an apartment, house, condominium or commercial property. This right also covers renting or being evicted from a hotel room. Housing The Code ...
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