ARCHIVED BLOG POSTS
2009
Seller's Options if Buyer Fails to Pay Deposit By Brian Madigan LL.B.What happens if the purchaser doesn't pay the deposit? Can the vendor get out of the deal? Can the vendor simply sell the property to someone else?The law on this subject somewhat favours the defaulting purchaser.The Courts lo...
06/30/2009
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Choose Your Own Realtor By Brian Madigan LL.B.Many prospective real estate purchasers are hesitant to obtain professional advice. They constantly seek to corroborate information that is provided by a real estate agent. They often think..."well, that agent is just trying to sell the house". This...
06/29/2009
Tree Thieves and the Rules of Adverse Possession By Brian Madigan LL.B.Now,you might think that I'm talking about people who steal trees. I'm not. I'm talking about trees that steal property for you!Obviously, these are good trees to have! What they do is this. They take property that belongs t...
06/28/2009
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Title Insurance or a New Survey? 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...
06/27/2009
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"Licensed" Real Estate Agent On Duty Signs By Brian Madigan LL.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 th...
06/26/2009
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ORES Indexes~ Four Years From January 2005 By Brian Madigan LL.B.Over the last few days we have looked at the detailed, month by month unitized index for real estate, gold, oil, CPI and the stock markets.These are the basic measures of direction, trends, performance, and confidence in the econo...
06/24/2009
ORES Real Estate Index ~ Consumer Price Index Compared By Brian Madigan LL.B.For several years I have been producing a real estate index. It started effective 1 January 2004 and tracked prices monthly in accordance with an index. Everything was set at baseline 100 on the first of January 2004.T...
06/23/2009
Toronto Market Reaches Record Highs in June 2009 By Brian Madigan LL.B.Sales are up and prices are up! Let's have a quick look at the numbers for the first two weeks in June:Toronto (416)Sales: 2,023 in 2009 (1,733 in 2008)Average Price: $449,946 ($439,469)The 905Sales: 3,162 (2,641)Average Pri...
06/23/2009
ORES Real Estate Index ~ Price of Oil Compared By Brian Madigan LL.B.For several years I have been producing a real estate index. It started effective 1 January 2004 and tracked prices monthly in accordance with an index. Everything was set at baseline 100 on the first of January 2004.The reaso...
06/23/2009
ORES Real Estate Index ~ US Stock Markets Compared By Brian Madigan LL.B.For several years I have been producing a real estate index. It started effective 1 January 2004 and tracked prices monthly in accordance with an index. Everything was set at baseline 100 on the first of January 2004.The r...
06/22/2009
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