Bidding wars are just not fair. They only help one person and that’s the Seller. If there are 31 bids, then there are 30 prospective Buyers who went home, dissatisfied …
Bidding Wars: the Successful Loser!
You might think that having won the bidding war, Paul would be quite happy. And, he was for a bit. But, here’s what happened. The housing market was quite active, …
OREA FORM 127 ~ Acknowledgement
There is a recent new Form which has been published by OREA, (the Ontario Real Estate Association). It is Form 127, described as an: “Acknowledgement Re: Condition(s) in Offer” In …
Should You sign a SPIS (Sellers Property Information Statement)?
Brian Madigan LL.B., Broker The question is: “do you sign one or not?” OREA says yes. RECO says yes. But, most Ontario lawyers would say “no”. So, who do you …
Matrimonial Home ~ Special Rights in Ontario
Matrimonial homes in Ontario are subject to special considerations. In most cases, people believe that if a couple is married, then the house is split 50/50. Others, usually older people …
Agent Disciplined ~ Failed to Require “Home Inspection”
The Court of Queen’s Bench in New Brunswick was called upon to review a discipline decision of the New Brunswick Real Estate Association. Brent Sawler acted on behalf of Todd and …
Minor Agreement Changes ~ Notices, Clarifications or Amendments
From time to time there will be some small glitches in an agreement. Some small matter was incorrect, misspelled, or overlooked in the “heat of the moment”. The seller is …
Matrimonial Home Designations in Ontario
There is an opportunity under the Family Law Act to designate a home as a “matrimonial home”. You might think that married couples would wish to avail themselves of this …
Offers, Acceptance and the Irrevocable Period
Offers, Acceptance and the Irrevocable Period Sometimes these matters become confusing, but, they really shouldn’t be. After all, the law now is much the same as it was 400 years …
Materiality ~ The Fundamental Principles
The issue of “materiality was recently considered by the Supreme Court of Canada in Sharbern Holding Inc. v. Vancouver Airport Centre Ltd. (2011). The important aspects of the test for materiality …