Go With Gloria

08/17/2021

Be informed... Important to work with an experienced real estate lawyer...

A buyer who wishes to take advantage of a seller’s breach of the APS and seek the return of the deposit must indicate that they intend to do so within a reasonable time, or else they will remain bound to complete the transaction.

08/12/2021

This is really awful. Wgst us our federal government doing about it?

Canadians are world-class when it comes to real estate… money laundering. Not just when it comes to laundering foreign capital, but the domestic stuff as well. That’s the take from the data shared by Global Financial Integrity (GFI). The Washington, DC-based anti-corruption organization found si...

06/07/2021

This imbalance will become a challenge

Canadian housing mania is consuming more and more of the country’s capital. The country is now devoting a record share of gross fixed capital to build homes. It’s really hard to appreciate this number without looking at the rest of the world. The share of investment devoted to homebuilding makes...

06/01/2021

Stay informed and know your rights...

In response to the seller’s claim for the $100,000 deposit, the buyer took the position that the court should grant relief from forfeiture in order to prevent the seller from obtaining an unconscionable windfall by keeping her deposit.

05/24/2021

Let's be informed so we can make wise choices for ourselves..

The Canadian real estate market has been very tight in terms of supply, but that’s beginning to change. The sales to new listings ratio (SNLR) made a sharp decline in April, according to data from the Canadian Real Estate Association (CREA).  Declines were seen at both the national level, as well...

05/19/2021

Canadian inflation is rising at the fastest pace in decades, but at least it’s just transitory… maybe. Statistics Canada (Stat Can) latest consumer price index (CPI) numbers show a big jump in prices for April. The sentiment shared between the Bank of Canada (BoC) and Stat Can is, this is just t...

05/04/2021

Purchasers should take these risks to heart: the courts will not impose a duty on purchasers to extend closing dates, as it would effectively be to condone breach of contract.

04/23/2021

Now what... Interesting times for sure.

The Canadian property bubble was recognized by an unlikely entity — the Canadian government. MP Adam Vaughan dropped the b word this week. Vaughan isn’t just an elected official, but also the Secretary to the Minister in charge of most of the country’s housing policy. In a Twitter exchange, he...

04/17/2021

FYI

Canadian real estate buyers may get a little psychological shock later this week. The Bank of Canada (BoC) will update the public on monetary policy next Wednesday. Three Big Six banks said they expect the central bank to discuss higher rates. Two of those, expect a discussion on rate hikes happenin...

04/10/2021

Love this article...

Academics theorize why developers won’t create more purpose-built rental housing. They cite everything from user behavior to policy restrictions. For some reason, they never think to just ask a real estate developer candidly. A few weeks ago I shared a popular Twitter thread on real estate rental ...

04/01/2021

This is just out of control.. Common sense people...

The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the nation’s hot housing market.

03/30/2021

Now why would anyone do that other than fear.. But fear of what???

We’ve all heard the Canadian real estate stories, especially in Greater Toronto. An agent lists a property below market value, and dozens of offers pour in. It eventually sells much higher than the asking price, and sometimes even higher than the comps. Just one issue. How much did everyone below ...