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 […]
Marty's Musings Archives - Page 21 of 29 -
Disgruntled Condo Owners – Watch Those Time Limits!
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 […]
Condo Act Changes are Finally (Probably) Coming
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 […]
RECO Rules Impose New Record-Keeping Duties July 1, 2015 – Are You Ready?
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 […]