Below you will find a sample contract which appeared for many years on the CMHC website. It is now no longer available. More recently, CMHC published a disclaimer concerning its …
Section 116 Income Tax Act Canada ~ Real Estate Sales by Non Residents
In accordance with the provisions of Division D of the Income Tax Act, non residents are taxed upon the disposition of taxable Canadian property. The definition set forth in …
Contract Start Time
Question: Precisely, when does a contract start to run? When does the clause time actually start? Assume an offer is going on via fax. The Seller is in a different …
Too Much Security can bring down the Value of Your Condo Townhouse!
People like to be safe. They like to see the visible signs of security: fences, barriers, cameras, and the like. A large condominium project may employ security guards at the …
Comparing the Commission Clauses in 3 Agreements
There are three basic forms of commission agreements with sellers. They are slightly different. The Listing is agency, the Customer Service agreement is non-agency and the second non agency arrangement …
Commission Sharing Agreements
Real estate agents often work in small teams, or align themselves with others for specific projects. Here’s an example of an arrangement between John and Robert. John’s brother William is …
Good Fences Make Good Neighbours
From Hadrian’s Wall to the Great Wall of China, thousands of years before Robert Frost’s prophetic words, neighbours have struggled with the age-old problem of constructing fences. Just where to …
Failure to Ensure Payment of the Deposit ~ Agent Discipline
This particular case ends up being rather complicated. On the surface, there were 3 offers, and the agent failed to ensure that the deposit got paid. That was true, and …
Should You get Title Insurance or a New Survey?
Actually, it shouldn’t be one or the other. It should be both. One of the problems is that title insurance was marketed as a cheaper alternative to a survey. …
SPIS and the Entire Agreement Clause
In 2007, the purchasers Adam and Olga Soboczynski bought a house in London, Ontario from Don and Louise Beauchamp. They had owned the house since 2001 and had not experienced …