by MarkWeisleder | Jan 10, 2022 | Featured, Legal Issues
The FINTRAC updates announced on June 1, 2021 must be complied with by real estate agents and brokerages across Canada starting on April 1, 2022. Here are answers to five of the most frequently asked questions I receive when conducting FINTRAC updates for brokerages...
by James R.G. Cook | Aug 16, 2021 | Featured, Legal Issues
After an Agreement of Purchase and Sale (APS) is signed and a deposit is paid it may be weeks or months before the scheduled completion date. In the case of new properties under construction, it could be years. During that time, the APS generally remains a binding...
by Mary-Anne Gillespie | Jul 6, 2021 | Advice for Agents
When the real estate market is hot, an attractive house is a coveted commodity. If buyers in an area are all eager to get into their next dream home, sellers can typically expect to receive multiple offers soon after their listing is advertised. How can you win the...
by James R.G. Cook | Jun 1, 2021 | Featured, Legal Issues
It is settled law in Ontario that when a buyer fails to complete an Agreement of Purchase and Sale, the seller is entitled to retain the deposit without having to prove any loss. This means that even if the seller makes a greater profit on a subsequent sale...
by Marvin Alexander | Oct 2, 2020 | Featured, Guest Columns
There is an alarming trend that is quite rampant in the Toronto area, and it’s causing havoc on real estate transactions. Perhaps other cities in Canada are experiencing the same issue in this red hot real estate market. Buyers are submitting offers, often in multiple...
