Real Estate Changes

In November of 2019, the Ontario government announced plans to change the rules that real estate salespeople and brokerages must follow. The changes are outlined in Bill 145, the Trust in Real Estate Services Act, 2019. A bill that proposes changes to the, the Real Estate and Business Brokers Act, 2002 which the Real Estate Council of Ontario (RECO) now administers in order to protect home buyers and sellers and to uphold professional integrity within the real estate industry.

take photos

In today’s market, potential buyers can view and visit dozens of listed properties and open houses before setting their sights on a place they’d like to call home. With so many properties available, taking photos to document the ins and outs of a property can help in recalling specific details later.

00home-buying

Buying your first home is an exciting milestone. It is also an endeavor that can get complicated quickly, so I recommend working with a registered real estate salesperson or broker to guide you through the process.

The Real Estate Council of Ontario (RECO) has been looking out for home buyers – and sellers – for over two decades. I suggest that you start by visiting RECO’s website and following these five tips:

christmas

If you have a new homeowner on your shopping list this year you may want to consider some of these ideas for their Christmas gift. First you must decide if you want to purchase them a unique gift or something more practical. You know the homeowner best, so be sure to choose something that matches their tastes and decor.

help rent

I trust that you have read and understand your obligations as a landlord under the Residential Tenancies Act, confirmed the property zoning accommodates rental and the building meets all the relevant fire and electrical safety codes and that the former owner obtained all the appropriate building permits.

putting down a deposit

There is no standard amount for a deposit, so I can’t tell you how much you will have to pay to firm up an offer. However, if you find a property that’s right for you but you feel the seller is asking for too much money up-front, you could ask your salesperson to negotiate with the seller’s representative about the deposit amount, as well as the timing of any payments.