Question: Under TRESA if a property had a significant insurance claim but everything was fully repaired and there have been no issues since, this does not need to be disclosed …
RECO Changes on the Horizon
It is unfortunate that RECO did not audit iPRO for several years and the Owners decided that since they were short of cash to use money from the Deposit Trust …
Commercial Indicators – 26 September 2025
Commercial Bond Yields CMB5 Year – 2.92%*Est. CANHOU 12/15/30[-0.03%] 10 Year – 3.60%*Est. CANHOU 03/15/36[-0.02%] Floating Rate insured cost of funds 2.91%[-] Prime Rate 4.70%[-] GoC2 Year – 2.57%CAN 09/01/28[+0.02%] 3 Year – 2.67%CAN 09/01/29[-] 5 Year …
Use of Form 650 for Open Houses
It is possible to use OREA Form 650 for Open Houses, but that was not really the intention when it was drafted. When a Listing Brokerage has no one available …
What Can (and Can’t) an Attorney Do with a Power of Attorney for Property in Ontario?
A Continuing Power of Attorney for Property is one of the most powerful documents you can sign in Ontario. It allows someone else (your “attorney”) to step into your financial …
Attorney Cannot Make a Will and Various Common Law Extensions
While it is clear the an Attorney cannot make a Will, the Courts have extended the interpretation to include other acts which would have the same effect. The Substitute Decisions …
Grantor Restrictions in POA
The Attorney is not permitted to make a Will, but basically can do everything else. Here’s the section in the standard Form: “I authorize my attorney(s) to do, on my …
Commercial Indicators – 19 September 2025
Commercial Bond Yields CMB5 Year – 2.93% *Est. CANHOU 12/15/30[-0.03%] 10 Year – 3.59% *Est. CANHOU 03/15/36[-0.03%] Floating Rate insured cost of funds 2.91%[-] Prime Rate 4.74%[-0.21%] GoC2 Year – 2.56%CAN 09/01/28[-0.02%] 3 Year – …
Grantor Dies: What happens to POA?
Question: If a client passes away and they have a Power of Attorney (POA) can I still sell the property? Answer: The question here is not clear. If you are …
Power of Attorney for Property EXPLAINED
The following is an example of a Power of Attorney for Property using Forms currently in common use in Ontario. We will look through the document and my comments will …
- Page 1 of 2
- 1
- 2