Real estate negotiation sounds easy on paper, but in practice even small mistakes can sink deals. You need to understand psychology, strategy, and a shifting market to get the best outcome. Not easy! Negotiating is an art, a skill and a science. In the world of real estate, understanding how ...
Continue ReadingAll homeowners will need to declare the status of their property as part of an effort to crack down on real estate investors and improve housing Letting a home sit empty in the middle of a housing crisis will now cost you, with the introduction of Toronto’s vacant home tax ...
Continue ReadingDon’t forget, the new residential property flipping rule, introduced in Budget 2022, is now law. This rule was included in Bill C-32, which received Royal Assent on December 15, 2022. The new rule deems profits from a “flipped residential property” as business income to target individuals that misclassify these profits ...
Continue ReadingRules for rent increase In most cases, the rent for a residential unit can be increased 12 months after either: the last rent increase the date the tenancy begins The landlord must give a tenant written notice of a rent increase at least 90 days before it takes effect. The proper forms for this notice ...
Continue ReadingFailure to identify and address such issues may result in parties unknowingly assuming substantial liabilities. Environmental issues routinely arise in all types of real estate transactions, from the sale of individual residences to the transfer of large commercial and industrial facilities. Managing the associated risks is almost always possible. The ...
Continue ReadingCan a buyer work with multiple real estate agents? Yes, a buyer can work with multiple agents as long as they don’t have a written exclusive (buyer representation) agreement with an agent or an agreement for same services from multiple REALTORS®. The most common service agreement would state that a ...
Continue ReadingThere are several important messages that I want to share with you that I have been discussing with my clients. Mortgage rates are dropping, unit sales are increasing, inventory is high, and prices are stable, but too many buyers continue to sit on their hands. For many market segments, especially ...
Continue ReadingThe Canadian Centre for Housing Rights (CCHR) is Canada’s leading non-profit organization working to advance the right to housing. For the first 35 years of our existence – from 1987 until 2022 – CCHR was called the Centre for Equality Rights in Accommodation (CERA). The Canadian Centre for Housing Rights ...
Continue ReadingUnder the Real Estate and Business Brokers Act, 2002 (REBBA 2002), REALTORS® cannot provide any form of compensation to an unregistered third-party for activities that would be considered to be in furtherance of a trade. This restriction is explained in the Registrar’s Bulletin entitled Referral fees. However, a rebate or ...
Continue ReadingThis one is for agents…. Published by Kartik Subramaniam, founder, Adhi Schools Introduction: In the competitive world of real estate – sometimes, it’s in their best interest to walk away from a potential deal. Aspiring agents are often eager to take on any listing, assuming it’s a stepping stone to success. In ...
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