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 ...
Continue ReadingBuying a home or investment property is one of the largest financial decisions most people will ever make. While every buyer hopes for a smooth transaction, many legal disputes begin long before anyone walks into a courtroom. In fact, litigation is often the result of decisions made during the buying ...
Continue ReadingWhen 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 ...
Continue ReadingMany tenants wonder whether they need the assistance of a REALTOR® when searching for a property to lease. The answer depends largely on the type of property involved, the complexity of the transaction, and the tenant’s experience. While some tenants successfully locate and lease properties on their own, others find ...
Continue ReadingUnderstanding 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 ...
Continue ReadingREASON # 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 ...
Continue ReadingOne of the most common questions landlords ask is: “Do I really need a realtor to lease my property?” The short answer is: No. But whether you should lease your property without professional representation depends on your experience, availability, and comfort level with the leasing process. The better question is ...
Continue ReadingThe Objective Of Money Laundering When you buy an asset, whether a home or an investment property, you try to get the best value for your time and money. You want a deal. The seller is trying to extract the maximum price they can get from you, without driving you ...
Continue ReadingBuying, selling, or leasing real estate in Ontario involves important legal, financial, and strategic decisions. Under Ontario’s Trust in Real Estate Services Act, 2002 (TRESA), consumers now receive additional disclosures and information regarding the different types of relationships that may exist when working with a real estate brokerage. One of ...
Continue ReadingMany consumers understandably focus on the visible parts of a real estate transaction, such as: showings, offers, negotiations, and closing day. However, meaningful real estate representation often involves substantial: advisory work, analysis, negotiation, compliance, marketing, documentation, due diligence, and transaction preparation long before a transaction closes. Professional real estate advisory ...
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