Steven Maislin's blog

A recent Ontario Court of Appeal decision sheds some more light on the effect of the failure to disclose certain declaration violations in a status certificate issued by a condominium corporation. Unfortunately, as discussed below, the decision also raises some difficult questions for condominiums, managers and unit owners, which can be summarized as “how can you disclose what you do not know?”

Every day, RE/MAX Sales Associates across Canada work with luxury buyers who are searching for their dream home, and luxury sellers who are looking to transition into the next chapter of their lives.

I reached out to our RE/MAX Influencers—a panel consisting of RE/MAX Sales Associates from throughout Canada—to find out the top concerns of luxury buyers and sellers.

Buyers’ Top Concern – Location

Today I want to take a tangent and discuss real estate — specifically real estate agents. I have a good family friend that is looking to buy their first home, and their experience hasn't been easy. That's not to say that buying real estate is ever easy, but dealing with a real estate agent should be easy. That's what they're there for!

 As part of Ontario's Fair Housing Plan and Rental Fairness Act, the provincial government is introducing a new standard lease that will be mandatory for private residential leases signed on or after April 30, 2018, including tenancies in single and semi-detached houses, apartment buildings, rented condominiums and secondary suites (such as basement apartments).

Dear Friend,

Toronto Real Estate Board members reported 7,228 residential sales in March and a listing stock of 15,971 listings as we head into Toronto’s Spring Market. While the numbers are lower than the same period last year, they are still indicative of a healthy real estate market. The low listing inventory compared to the number of sales indicates a Seller’s market, and the average list to sale price ratio of 99% (Seller’s sold at 99% of list price) in an average of 24 days is further proof of that.

Toronto Real Estate Board President Tim Syrianos announced that the average selling price for condominium apartments sold through TREB’s MLS® System was up by nine percent year-over-year to $533,447 in the first quarter of 2018. While the number of condominium apartment sales reported by Greater Toronto Area REALTORS® in the first quarter was down by 29.7 percent year-over-year to 5,084, so too were the number of new listings, which were down by 11.1 percent annually to 8,030.