GTA REALTORS® Release April 2023 Stats May 3, 2023 – The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared …
Lots of Competition Out There
Number of Real Estate Agents There are a lot of people in the real estate business. In fact, 109,627 * (according to RECO 2022 Annual Report) registrants in total as …
Joint Tenancy or the Will?
Question: I have a client who wants to stay in her home. Her husband recently died and both names were on title (Joint Tenancy). However the husband willed his half …
Keeping Real Estate Files
Litigation Question: What’s the Time Limit Required for Agents? Is there a CRA rule and/or a TRESA rule on this? Under REBBA, Brokerages are required to keep them 6 years. …
Commercial Indicators – 12 May 2023
Commercial Bond Yields CMB5 Year – 3.28%*CANHOU 06/15/28[+0.04%] 10 Year – 3.34%*CANHOU 06/15/33[+0.02%] * denotes interpolated rateGoC5 Year – 2.96%CAN 03/01/28[+0.03%] 10 Year – 2.84%CAN 12/01/32[+0.01%] 15 Year – 3.02%*Est. 12/01/38[-0.01%] 20 Year …
Power of Attorney and Death
Question: I sold my client’s home pursuant to a Power of Attorney The home was supposed to close last week but due to the Buyer’s circumstances, it’s been delayed 3 …
Unassumed Rental Contract
Question: If a purchaser agrees to assume the hot water tank in the Agreement of Purchase and Sale, however no contract was provided or shared from the Seller, what is …
Water Leakage and Subsequent Damage after Closing
Question: Buyer buys property in April 2022, firm , no inspection is done, no Form 127 is executed. The basement had a leak which they were told by their own …
Conditions: Correct Procedure for Informed Consent
Question: I have heard different opinions on this way of adding or not adding conditions in an offer. Write them in on schedule A and have client strike out the …
Adding a Party: The Wrong Way
Question: Interesting clause, any issues? “The seller agrees to allow the buyer to add or remove one or more names as buyer to this transaction through an amendment to the …