Bank of Canada  Rates 12 April 2023

Bank of Canada  Rates 12 April 2023 maintains policy rate, continues quantitative tightening April 12, 2023 This is the press release from the Bank of Canada: “The Bank of Canada …

Water in the Basement

Question: What about water in a basement of a 100 year old plus rural property? The foundation is actually made of rocks. The floor originally dirt was covered with concrete …

Transparency under TRESA

TRESA now permits a Seller’s representative to share content, some content, or a little bit of content with all other bidders whether the Buyer consents or not, just not identifying …

Sharing Offer Content under TRESA

This is the explanation from RECO: “Content of competing offers A change most of you will have heard about relates to sharing the content of competing offers. Though the change …

Acknowledgement and Notices Tied Together

Acknowledgement Section: “I acknowledge receipt of my signed copy of this accepted Agreement of Purchase and Sale and I authorize the Brokerage to forward a copy to my lawyer ______________________________         …

Acknowledgement Section

Question: Are you looking for it from the other side? Answer: Yes, of course you are! You need it for two reasons: 2. To enable you to give appropriate notices …

Sunroom Built without Permits

Question: I am representing a Seller who has decided to build a sunroom himself without permits. He now needs to sell. What are the risks? Answer: No permits, but the …

OREA FORM 127 ~ Acknowledgement

OREA FORM 127 is for “informed consent“ By Brian Madigan LL.B. There is a recent new Form which has been published by OREA, (the Ontario Real Estate Association). It is …

Roof Replacement Clause

Question: If the roof is in bad shape, and the Buyer lacks funds, but the Seller will agree to replacement what type of clause would work? Answer: You need to …