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    A Listing Agreement is a Binding Contract

    Wednesday Sep 27th, 2017

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    Toronto Star By Joe Richer I listed my home with a brokerage, but I have found a buyer on my own. Can I sell my home privately — without the salesperson? Before listing your home, you would have signed a listing agreement with the brokerage that employs your salesperson. That agreement is a binding contract to work with the brokerage for a set amount of time. It’s a serious commitment that should not be taken lightly. During the time period that the contract is still in... [read more]

    Interim occupancy explained

    Wednesday Sep 27th, 2017

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    — Howard Bogach is president and CEO of Tarion Warranty Corp., a private corporation established in 1976 to protect the rights of new homebuyers and to regulate new home buyers. For more information, visit www.tarion.com. When you purchase a brand new condo and finally get the keys to your suite, many buyers are surprised to find out that their new home is not theirs yet. Although this is an exciting phase in the new home ownership process, it is actually not the... [read more]

    Hamilton housing sales to soar through 2016

    Wednesday Sep 27th, 2017

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    Click here to see the latest rates - February 2016 by Ephraim Vecina | 14 Jan 2016 This will see the Hamilton housing market continue outperforming other locations, according to economists and other industry observers. Figures from realtors’ organizations stated that as much as 16,000 properties have been sold in Hamilton and Burlington last year, amounting to around 9 per cent more homes sold between January and November 2015 than in the same period in 2014. This momentum... [read more]

    Rebalanced Canadian Economy Supports Healthy Real Estate Markets Across the Country

    Wednesday Sep 27th, 2017

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    October 14, 2015 Stability in real estate market provides safe haven for savers facing volatile capital markets Sector remains a federal election priority for major parties and voters TORONTO, October 14, 2015 – In the third quarter of 2015, home prices showed moderate to strong year-over-year increases in most markets in Canada, according to the Royal LePage House Price Survey¹ released today.  While the effects of the crude oil shock are still filtering through the... [read more]

    Affordability at risk in Canada’s hottest housing markets

    Wednesday Sep 27th, 2017

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    Skyrocketing home prices in Vancouver and Toronto are pushing affordability to the brink for many potential buyers, and one of Canada’s largest realtors warns the problem is only growing. Royal LePage’s latest home price survey, released Wednesday, shows the average Canadian home price rose 8 percent to $502,643 in the third quarter, with the price of coveted two-storey homes increasing 9.9 percent to $615,304. Those numbers are national averages, and Royal LePage says... [read more]

    Feds to tighten mortgage rules for homes over $500K

    Wednesday Sep 27th, 2017

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    The federal government is expected to tighten mortgage rules in an effort to cool the red-hot housing markets in Toronto and Vancouver, CTV News has learned. The new regulations will increase the minimum down payment required to buy a home for more than $500,000, with portions beyond that amount requiring a 10 per cent down payment. The down payment on the first $500,000 will remain at five per cent. For example, a home costing $700,000 would require a $45,000 down payment – a five... [read more]

    Foreclosure v.s. Power of Sale

    Tuesday Dec 27th, 2016

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    In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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