ARCHIVED BLOG POSTS
2008
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ORES Real Estate Index for September 2008 By Brian Madigan LL.B.This is the Index as it stood for September. The last 2 weeks in September saw some declines in various worldwide prices. There was a stock market crash in early October and a financial crisis in markets around the world.Consequentl...
10/13/2008
Even More Good News ~ Record Breaking New Jobs in September! By Brian Madigan LL.B.The Canadian economy produced a record number of new jobs in September.Statistics Canada reported on 10 October 2008 that 107,000 new jobs were created. Economists were expecting about 10,000, so this is a ten fo...
10/10/2008
More Good News ~ Canada's Banking System Ranked #1 By Brian Madigan LL.B.The best banking system in the world can be found in Canada according to the World Economic Forum . Canadian banks received a score of 6.8 out of 7 in a survey of senior executives in 134 countries.Next in line were - Swed...
10/10/2008
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Good News ~ $25 Billion in Mortgage Funding By Brian Madigan LL.B.Here is a new proposal to increase liquidity in the banking sector:The Government of Canada through its Crown subsidiary Canada Mortgage and Housing Corporation (CMHC) will purchase up to $25 billion in mortgages from Canadian Ch...
10/10/2008
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Real Estate Agent: Keeping Relatives Secret By Brian Madigan LL.B.This could present something of a problem! And, recently it did for an Ontario real estate agent who thought that it would be best if he failed to mention that he was related to the buyer. Maybe someone (namely, the vendor) might...
10/09/2008
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Open it up! By Brian Madigan LL.B.For most of the twentieth century, house designs divided houses up into a number of rooms for specific purposes. In the early 1900's, in addition to the regular rooms, parlours were commonplace and kitchens were small. The entire house would be divided up and mo...
10/09/2008
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Theft by a Real Estate Agent: Penalty By Brian Madigan LL.B.You might wonder what would prompt a real estate agent to steal from a home. By the way, the defence "I was just getting my own property back" didn't work for OJ, and didn't work for the agent either.So, here's what happened. The agent, ...
10/08/2008
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Real Estate Values in Uncertain Times By Brian Madigan LL.B.So what's your property worth? Right now, that is on 8 October 2008, in the middle of a world economic and financial crisis and in the midst of two national elections?Tough call.As one observer mentioned, it's like asking what's your h...
10/08/2008
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GTA September 2008 Sales and Prices By Brian Madigan LL.B.According to the Toornto Real Estate Board report for September 2008: Sales Volumes · reported 6,424 sales of single family dwellings in September for all areas · down about six per cent from the 6,866 sales recorded during September 200...
10/06/2008
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Squatter Makers Millions! By Brian Madigan LL.B.And you thought squatter's rights were abolished years ago. In part, you're right, but you must remember that there are two systems of land registration. Under the land titles system, squatter's rights were abolished, as they should be. However, un...
10/03/2008
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