Question: The Owner of a property has been sharing the neighbour’s well since the 1970’s. The property is now to be sold. There is no “agreement” in writing. The neighbour …
Discovery of Defect Just Before Closing
What happens if a defect of some kind is discovered right before closing? This could easily take place on the Buyer’s final walkthrough. At this point, the Seller has moved …
Toronto and GTA Markets in October 2021
This is the recently released report of the Toronto Regional Real Estate Board concerning the August 2021 results: “November 3, 2021 – Home sales in the Greater Toronto Area (GTA) …
Deal Closed Roof Completed in 2014 or 2019 (Ontario)
Question: I bought a house last year. The Flyer and the MLS both stated that the roof was “done” in 2019. I was up in the attic and found an …
Customers in Nova Scotia Real Estate
In the Province of Nova Scotia, customers are just like Ontario. This is the explanation on the website of The Nova Scotia Real Estate Commission: CUSTOMER RELATIONSHIP A buyer or …
Creating the Revocable Offer
Working Twice as hard on Bidding War Night From time to time, particularly in heated real estate markets it may be wise to draft a revocable Offer, that is, one …
Competing Offers and Disclosure
Competing offer situations—commonly referred to as bidding wars—are common in some areas of Ontario. As of July 1, 2015 real estate professionals across Ontario have new rules for how they …
Contracts for Commission Should be in Writing
Commissions In Writing Question: If you have no contract signed with the seller re your commission amount and you draft a Letter of intent or even an offer and you …
Commencement or Start of Day
Just when does the day begin? Sometimes, a minute or two can make a real difference. For real estate, there are days and then there are days. There are closing …
Changing the Substance of the Title Clause
Over the years, the title clause in the standard form real estate transaction has changed. The title clause was amended several times. Initially, it provided for: good title, then it …