In real estate law, confidentiality rules mean bidders can’t see contents of other bids, but Ontario legislation has transparency rules, too. In toronto real estate, when you’re involved in a bidding war for a home and you lose, it can be frustrating and discouraging — even heartbreaking. Especially when you find out that […]
toronto home buyer
SPIS real-estate document could induce a path to court
In toronto real estate, the Seller Property Information Statement (SPIS) continues to be the single most dangerous document in current use in the real estate market. Since 1997, when the form first came into use, there have been 94 reported Ontario court cases centred on the document. Across the country, the total exceeds 250. […]
Rising housing prices bring social revolution in Toronto and Scarborough
“The city of Toronto as a whole, Scarborough in particular, is in the midst of a social revolution,” says city studies professor July, 2016 is looking to be another record-breaking month as housing prices in Toronto continue to soar. Scarborough, in particular, has seen the steepest increases this year. Prices of single detached houses […]
No detached homes for young buyers — at least not in Toronto and Vancouver
In toronto real estate, the reality of today’s housing market is that young people may need to kiss the dream of owning a single family detached home goodbye. It is extremely difficult. If you live outside the metro areas of Toronto and Vancouver, you’re probably tired of all the whining — this doesn’t even apply […]
End 5 per cent Down Payment Idea Will Hurt Millennials To Buy Home
Some of Canada’s top bankers are so worried the housing market has grown out of control that they are urging the government to make it harder for them to lend out mortgages. In toronto real estate, critics say the bankers’ proposal to end five-per-cent minimum down payments on insured mortgages wouldn’t cool off the heated […]