by REM Editorial Team | May 3, 2024 | Boards & Associations, News
Calgary residential sales last month rose by seven per cent (to 2,881 units) compared to last year, the Calgary Real Estate Board (CREB) reports. Although growth pace has slowed from earlier this year, sales are still 37 per cent higher than long-term trends for...
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 Daniel Foch | Aug 4, 2023 | Columnists, News
In its Market Watch for July, the Toronto Regional Real Estate Board (TRREB) states that the real estate market was more balanced, and I’d generally agree with that. The market is behaving in a fashion that doesn’t favour buyers or sellers. This is...
by REM Editorial Team | Jul 14, 2023 | News
Royal LePage is updating its price forecast for 2023, again to reflect the surprising strength of Canada’s real estate market and the price appreciation witnessed in the first half of the year. In a report released Thursday, the company shared its prediction of...
by James R.G. Cook | Jan 17, 2022 | Featured, Legal Issues
In some cases, sellers may wish to hedge their bets by accepting a conditional offer that contains a term allowing them to continue to market the property for sale until the deal is firm. Such terms are a matter of negotiation between the buyer and seller, but the...
