Disclosure of Related Party under Code If you are a real estate agent and you are selling your OWN house, you have to tell the other side. This applies even …
Got the Taxes Wrong
In 2019, the tax roll of the residential property was first created, and so no tax levies were imposed on the Property until 2020. On July 2, 2019, the Sellers …
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 …
Toronto and GTA Markets in December 2022
GTA REALTORS® Release December Stats TORONTO, ONTARIO, January 5, 2023 “The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability …
SOLUTION to Conflict between the Code and Fiduciary Duties
As previously discussed, we are going to have a conflict effective 1 April 2023 when the new TRESA Regulations come into effect. This is the new provision: “Disclosure of facts …
January 2023 Session
AEA Progam January Session Times January 23, 24, and 25 (Monday, Tuesday and Wednesday) January 30, 31 and 1 February (Monday, Tuesday and Wednesday) Time: 9:30 am to 12:30 pm each …
How Long Can You Provide Customer Service?
Some real estate Brokerages will have entered into Customer Service agreements with various parties. It was possible under REBBA, 2002, but not allowed under the new TRESA which comes into …
2023 Code of Ethics
In force 1 April 2023 ONTARIO REGULATION 365/22 made under the REAL ESTATE AND BUSINESS BROKERS ACT, 2002 Made: April 11, 2022Filed: April 19, 2022Published on e-Laws: April 20, 2022Printed …
Multiple Offers: Auditor’s Report and Responses
This is from the Auditor General’s Report: RECOMMENDATION 14 “To increase transparency and enhance consumer protection in real estate transactions involving offers from multiple prospective buyers, we recommend that the …
Leased Heating Equipment: Chattel or Fixture?
The Ontario Court of Appeal quoted with approval a decision of the House of Lords (Melluish). In this case, a company leased plant and machinery (including central heating equipment) to …