Marty's Musings | Law Firm of Martin K.I. Rumack

New Ontario Rules Against Phantom Bids Now in Force

October 11, 2015
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If you are looking to buy a new home – especially in this increasingly-hot market – you may be understandably wary of getting into a bidding war in competition with one or more other buyers.  Fortunately, new rules have just come into place in Ontario that should help dilute […]

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Disgruntled Condo Owners – Watch Those Time Limits!

October 11, 2015
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A recent Ontario case highlights the importance of timeliness:   Unhappy condo owners must assert their rights in a timely manner, otherwise they may find themselves out of time to sue for a court-ordered remedy.
The case involved Renaissance Plaza, a 26-story condominium in downtown Toronto.  The […]

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Condo Act Changes are Finally (Probably) Coming

October 11, 2015
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Long-awaited changes to Ontario’s Condominium Act, which was first enacted in 1998, are finally on the horizon.  The Ontario Ministry of Government and Consumer Services reports [at http://news.ontario.ca/mgs/en/2015/05/reforming-ontarios-condominium-laws.html] that there are about 1.3 […]

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RECO Rules Impose New Record-Keeping Duties July 1, 2015 – Are You Ready?

July 7, 2015
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As real estate agents well know, especially in major cities with hot real estate markets the “bidding war” phenomenon is nothing new.    But consumers often suspect that unscrupulous agents – inspired to drive the selling price (and thus their commissions) up – may fuel these bidding frenzies by hinting to […]

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