We looked at this Schedule “B”: “The Buyer acknowledges that the property is being sold “as is and “where is”. The Seller makes no warranties as to the following, but …
Bank of Canada Rate Increase 25 January 2023
This is a statement from the Bank of Canada on 25 January 2023: “To combat inflation, the Bank of Canada responded forcefully, raising its policy interest rate from 0.25% a …
Zero Impact Schedule “B”
Everyone loves Schedule “B’s”. They are always filled with insight and inspiration! Let’s have a look at this one: The Buyer acknowledges that the property is being sold “as is …
Disclosure of Related Party
Disclosure of Related Party under Code If you are a real estate agent and you are selling your OWN house, you have to tell the other side. This applies even …
Seller’s Disclosure
What does a Seller have to disclose? The Seller is under a legal obligation under the common law to disclose: Today, if the Seller decides not to disclose such matters, …
Got the Taxes Wrong
In 2019, the tax roll of the residential property was first created, and so no tax levies were imposed on the Property until 2020. On July 2, 2019, the Sellers …
Lockbox Light
This is another Lockbox case. The code was given by the Buyer’s agent to the Buyer and the agent didn’t attend or accompany the client. Decision: Breach: Fairness, honesty, etc. …
Real Estate Performance over 10 Years
Let’s have a look at the last 10, in the GTA. Here are the average sale prices as reported by TRREB for single family homes of all types in the …
Copyright in Canada
A person who creates something is entitled to a “copyright” in that creation. That means they own it, and no one else can “copy” it without their permission. Usually, the …
NOF not Required if No Condition
Some seller clients had asked me recently about the fulfillment of conditions form 124. They had emailed me lots of documents which were required to satisfy a condition of purchase. …