Brian's Ontario Real Estate Blog

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

ARCHIVED BLOG POSTS

2010 

Placing the Blue Spruce in Your Front Yard   By Brian Madigan LL.B.(Ontario Real Estate Source)Where is your front yard? Sometimes, this can be a problem. You want to landscape, but you are not quite sure where to put the brick lamppost and the blue spruce.There are a few things to consider. Firs...
05/31/2010
Repairing Hardwood Floors By Brian Madigan LL.B.(Ontario Real Estate Source)The good thing about hardwood floors is that it is one of the few improvements that you can make to your house where the resale value may exceed the actual cost of the improvement. However, the bad thing is that they can ...
05/30/2010
Hardwood Floors Add Good Value to a Home By Brian Madigan LL.B.(Ontario Real Estate Source)The interesting thing about hardwood floors is that it is one of the few improvements that you can make to your house where the resale value may exceed the actual cost of the improvement.There are all kinds...
05/30/2010
The Disclosure Statement in Family Court By Brian Madigan LL.B.(Ontario Real Estate Source)This is a very unusual case involving the use of a Seller Property Information Statement. Actually, the SPIS formed part of the evidence in a contempt of court matter in Superior Court of Justice (Family Di...
05/30/2010
Toronto Land Transfer Taxes   By Brian Madigan LL.B.After much debate, there is a new Toronto Land Transfer Tax. It was just passed by Council on 22 October 2007 and took effect on 1 February 2008. For all purchasers: · one-half of one percent of the value of the consideration on sales up to and ...
05/30/2010
Agent Tries to Force Vendor to Provide Warranty By Brian Madigan LL.B.(Ontario Real Estate Source)This is another interesting case involving the use of the Seller Property Information Statement (SPIS), not for the purpose for which it was intended, but for other purposes.This particular matter ca...
05/29/2010
Land Transfer Tax (Ontario)   By Brian Madigan LL.B.In Ontario, there is a land transfer tax which is imposed when transfers of land take place. A key concept is the actual transfer of land. So, the registration of a deed in favour of a third party will precipitate the imposition of the tax, wher...
05/29/2010
Both Agents at Risk over False Disclosure Statement By Brian Madigan LL.B.(Ontario Real Estate Source)The Lance vs. Wright case came before the Supreme Court of British Columbia in 1997 and involved the use of the Property Condition Statement.Mr. and Mrs. Lance purchased a property from Mr. and M...
05/28/2010
"Agreement of Purchase and Sale" (Document Preparation) By Brian Madigan LL.B.(Ontario Real Estate Source)The Document Preparation clause is now included as a standard provision in every agreement of purchase and sale. This is due to the fact that there was not a standard custom throughout Ontari...
05/27/2010
"Agreement of Purchase and Sale" (Planning Act) By Brian Madigan LL.B.(Ontario Real Estate Source)The Planning Act clause is a standard provision in every agreement of purchase and sale. It could become one of the most important provisions in the agreement, if it comes into play.The purpose of th...
05/26/2010
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