Let’s have a look at the last 5, 10, 15 and 20 years in the GTA. Here are the average sale prices as reported by TRREB for single family homes …
Real Estate is for the Longer Term: 5 year Performance
Certainly, we are all aware of short term performance in real estate. It’s all over the news, whether it be significant increases or significant decreases. Let’s have a look at …
Construction Liens in Ontario
Construction Liens: 10% for 60 days The law with respect to construction liens has changed over time. There are holdback provisions, time periods and amounts. This was set out originally …
PREC and Insurance
Question: Should we be getting insurance for the PREC? The RECO Update course says the PREC is not insured under the RECO insurance but the Registrant still is. Answer: Your …
Multiple Offers: Guess Who Won?
RECO Discipline Yes, the Listing agent! You are absolutely right. How did you ever guess that? The Listing agent ended up having a Buyer who was interested in the property. …
Not Complex, Just a Lockbox
RECO Discipline This is becoming quite routine. The Buyer’s agent released the lockbox code to her clients. They had actually purchased the property and this was the final walkthrough. She …
Listing Agent: “working the system”
The Listing agent and another agent at the brokerage took on listing for the Sellers. They also took on some prospective Buyers under a Customer Service Agreement. Five other potential …
2022 GTA Market: Up 8.61% or Down 9.21%
17.82% Difference According to TRREB the average price of single family residential real estate, which includes detached, semis, townhouses and condos went up 8.61%. According to me, they went down …
Agent Breach of Covid Protocols
RECO Discipline The Listing agent allowed an incredible number of people to book showings, such that it was difficult to manage. There were several groups booked for the same showing …
Break and Enter without Masks
RECO Discipline This time we are looking at Covid issues as well as the fraudulent release of the Lockbox Code. The prospective Buyers went in on their own, without masks. …