Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)

ARCHIVED BLOG POSTS

2008 

Survey or Title Insurance?   By Brian Madigan LL.B. Actually, it shouldn't be one or the other. It should be both.One of the problems is that title insurance was marketed as a cheaper alternative to a survey. This is not the case.Right now, a survey of most reasonably sized building lots in south...
11/14/2008
Licensed Agent on Duty!  By Brian MadiganLL.B.How many times have you seen this sign? Ever wondered what it means? It means nothing. In fact, it's illegal!Real Estate practitioners in Ontario are governed by the Real Estate and Business Brokers Act which is administered by the Real Estate Council...
11/13/2008
Graduated Commissions   By Brian Madigan LL.B.If you read Freakonomics by Steven Levitt and Stephen Dubner, you will have the impression that realtors are not particularly interested in getting the best price for your property.The reason according to the authors is due to the fact that during the...
11/12/2008
Real Estate Business: Industry or Profession?   By Brian Madigan LL.B.Is the real estate business an industry or a profession?Now, most real estate agents would say that it is a profession. After all, they have been in the business for years, have certain ethical standards and continuing educatio...
11/11/2008
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Remembrance Day!   By Brian Madigan LL.B.We should not forget. Our rights and freedoms in the "free world" were given to us by those who went to war.Our right to own land, exists only because we have a constitution that guarantees peaceable ownership of private property. Within the country, our r...
11/10/2008
ORES Real Estate Index for October 2008  By Brian Madigan LL.B.I set up the ORES Real Estate Index last year. In many ways it is like the CPI (consumer price index) in the sense that it is designed to track values over a period of time.The Index commenced 1 January 2004. All related prices were c...
11/10/2008
Ineffective Exclusionary Clauses  By Brian Madigan LL.B.Most agreements of purchase and sale will contain an exclusionary clause. Do they work?First, let's have a look at exactly what they say. Reproduced below is the relevant wording contained in the standard form Agreement of Purchase and sale ...
11/09/2008
Schedule "A" Interpretation  By Brian Madigan LL.B.The standard form agreement of purchase and sale in Ontario has changed. There is a standard four pages of fine print plus fill in the blanks, followed by a Schedule "A". It is the schedule that is to be "your deal". Otherwise, the rest of the do...
11/09/2008
Home Ownership ~ Genworth and Affordability   By Brian Madigan LL.B.CMHC is not the only issuer of mortgage insurance. Genworth Financial does that as well. In fact, with a degree of competition Genworth helps keep the CMHC fees in check. That is a valuable service to consumers.The issue of mortg...
11/05/2008
International Monetary Fund ~ Worldwide Housing Bubble   By Brian Madigan LL.B.The International Monetary Fund dealt with the issue of the worldwide housing bubble in its report published earlier this year.It is clear that the house price bubble is in fact a worldwide phenomenon. Prices are high ...
11/03/2008
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