Question: I am very suspicious that the Buyer won’t close. I am the Listing Agent and the Buyer’s Agent inquired about the possibility of a Mutual Release. Answer: This is …
Royal LePage Forecast for Toronto (GTA)
According to the predictions of Royal LePage we should see some increases in the Greater Toronto Area as follows” Overall, prices will increase in aggregate from $1,132,000 to $1,256,500. That’s …
2022 CANADIAN HOUSING MARKET OUTLOOK
I thought that you may find the Re/Max Canada outlook for the housing market to be of some interest. This is what is expected of housing prices in various areas …
Matrimonial Home – Spousal Consent
Question: I have a seller and she is on title alone, separated and he moved out. It was a matrimonial home. Two years go by and she can’t afford to …
Mutual Driveway – Found in Title Search- Remedies
Oftentimes, the issue of a mutual driveway will come up in discussions and sometimes Buyers and Sellers alike will wonder where they stand. Question: If the title was searched by …
Buyer Negotiating Partial Refund of Deposit
Question: I’m the Listing Agent. According to my Seller’s lawyer, the Buyer has changed his mind and doesn’t want to close… and would like half the deposit back! Should we …
Indemnification on a Sq. Ft. Misrepresentation
Question: I am trying to understand the indemnification on a misrepresentation. For instance, the listing agent misdescribed the sq. ft. in the listing according to the seller. The buyer put in …
Having My “own” Offer (Ontario)
Question: Offers tomorrow and one is mine. Can I ask another agent to help with the forms, presentation and negotiations? I don’t feel comfortable in multiples, if my own client …
Agent Locked into “Confidentiality” without a Signed Contract
Consider the following scenario: Bob wishes to sell his house It had been used by Bob’s Tenant to grow Marihuana Bob invites 3 Agents to make listing Presentations The first …
Agent Misses the Parking Pad Agreement
This situation was simple enough. Bob acted for Bill in the sale of his property. There was a mutual driveway. It was not quite wide enough to park Bill’s car …