by James R.G. Cook | Oct 29, 2024 | Columnists, Legal Issues
QUICK HITS A Realtor misrepresented the location of a new-build property to buyers, leading them to believe it was in Brampton when it was actually in Caledon, three kilometres away. After discovering the mistake, the buyers sued, and the Ontario Court of...
by Danny Kucharsky | Oct 2, 2023 | Boards & Associations, News
Increasing numbers of homebuyers in Quebec are assuming sellers’ mortgages to help combat rising interest rates and higher mortgage costs, Re/Max Canada says. The province is also seeing an increase in mortgage transfers and cash payments, primarily among...
by James R.G. Cook | Sep 29, 2023 | Legal Issues
QUICK HITS In a collapsing real estate market, buyers who fail to complete a purchase can face substantial liability exceeding their deposit; the case of Switzer v. Petrie arose from a failed real estate transaction in Ontario in July 2022. The buyers backed out due...
by REM Editorial Team | Aug 23, 2023 | News
In the wake of consecutive interest rate hikes by the Bank of Canada (and ahead of what some economists expect will be another hike come September), the Canadian housing market is experiencing a notable shift as market conditions steadily move closer to a...
by Gerald Tostowaryk | Jul 24, 2023 | Columnists
I recall a number of years ago hearing of a real estate training session by a well-known real estate trainer wherein he advocated showing buyers four homes and then asking which one they wished to buy. If they wanted to see more homes, his training was to let them go...
