The quick answer is “no”. The problem is that this “impression” was provided recently in a newspaper column. I’m sure that there will soon be a published correction, retraction or …
Brian Madigan’s “Bidding War Rules
Bidding wars are just not fair. They only help one person and that’s the Seller. If there are 31 bids, then there are 30 prospective Buyers who went home, dissatisfied …
Bidding Wars: the Successful Loser!
You might think that having won the bidding war, Paul would be quite happy. And, he was for a bit. But, here’s what happened. The housing market was quite active, …
Toronto and GTA Markets in April 2021
This is the recently released report of the Toronto Regional Real Estate Board concerning the April 2021 results: “May 5, 2021 – Home sales in the Greater Toronto Area (GTA) …
Beware of the January Thaw!
Potholes, the trademark of the January thaw are not your biggest problem. This is the time when water is going to get into the basement. There are a few factors …
Ice Damming ~ Be careful!
In the particularly cold months, “ice damming” can become a problem. It starts out with cold weather outside, and insufficient insulation in the attic. The heat in the house escapes …
OREA FORM 127 ~ Acknowledgement
There is a recent new Form which has been published by OREA, (the Ontario Real Estate Association). It is Form 127, described as an: “Acknowledgement Re: Condition(s) in Offer” In …
Should You sign a SPIS (Sellers Property Information Statement)?
Brian Madigan LL.B., Broker The question is: “do you sign one or not?” OREA says yes. RECO says yes. But, most Ontario lawyers would say “no”. So, who do you …
Ontario Tree Thieves Might Steal Your Property
By Brian Madigan LL.B. Now, you might think that I’m talking about people who steal trees. I’m not. I’m talking about trees that steal property for you! Obviously, these are …
Mick Jagger Knows the Canadian Residency Rules: Do You!
You have to be careful if you’re purchasing property from a non-resident. If you don’t, you may end up paying their income tax. As part of every real estate transaction …