ARCHIVED BLOG POSTS
2008
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TSX ~ No News is Good News By Brian Madigan LL.B.Actually, nothing much happened on the TSX today. That's good news!The market finished off the week and the month at 9,762.76. While the market declined about 16% in the month of October, it would appear that the worst is over. There were more up ...
10/31/2008
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Bully Offers By Brian Madigan LL.B.This is an offer which includes a short irrevocable date, in a delayed offer presentation format. As listing agents do their best to encourage multiple offers, buyer's agents are reacting by trying to level the playing field.In one case, a property was listed ...
10/29/2008
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Property Managers and Dual Agency By Brian Madigan LL.B.Fundamentally, at common law, there is no such thing as dual agency. To understand agency is to understand that there are certain fiduciary duties owed to the principal by the agent.These duties include:LoyaltyObedienceAccountingConfidenti...
10/28/2008
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Multiple Offers By Brian Madigan LL.B.In Toronto's competitive marketplace, buyers have to expect that they may be in a multiple offer environment.Basically, this means that their first offer will either be theirt best offer, or very close to it.In order to elicit multiple offers agents will:1) ...
10/28/2008
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TSX ~ Finally Some Good News By Brian Madigan LL.B.The Toronto Stock Exchange dropped 756.38 points, or 8.14 percent, to 8,537.34. This is the lowest closing value in the last four years.The big five banks, the Royal, Scotiabank, BMO, TD and National all dropped in excess of 5 percent.The Canadi...
10/27/2008
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Phantom Offers By Brian MadiganThe real question is: does the phantom offer really exist! Maybe, and maybe not.A phantom offer, of course, is an offer which is make-believe, it's imaginary, it's simply pure fabrication. The offer exists only in someone's mind. Now, the question is who?The Real ...
10/27/2008
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Swimming Pools By Brian Madigan LL.B.Swimming pools can add a lot of fun to your backyard, but when it comes to either buying or selling, there are certain issues that have to be considered.Generally, there are two types of inground pools, those made with concrete and those with vinyl liners. Th...
10/26/2008
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Ingredients For a Successful Business By Brian Madigan"The Nine F's"Just about everyone looking to start a business is looking for the ingredients for succes, so I thought that I would provide some to you.Here are the top 9 tips for success:1 FastMake decisions quickly and implement them swiftly...
10/25/2008
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Price to Sell By Brian Madigan LL.B.The single most important matter to consider when you are about to list your property is the "asking price".How do you determine what it should be? Naturally, every vendor wants to maximize the selling price. But, just increasing the asking price doesn't accom...
10/24/2008
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Bank of Canada ~ Good News By Brian Madigan LL.B.Mark Carney, the Governor of the Bank of Canada (Canada's central bank) said Canada is better off than most industrialized countries. The "The sky is not falling...".This was noted in the Bank's quarterly report released 23 October 2008: · The eco...
10/23/2008
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