The real estate market in Toronto and surrounding areas is heading into October in a state of calm, but buyers and sellers appear to have some angst about the weeks to come. October often marks the peak of the fall market: September’s whirl of events has settled down and the...
Real estate observers see rocky road ahead
As economic signs point to further strife, falling consumer confidence dampens prospects for a real estate rebound in Canada. Economist Rishi Sondhi downgraded his projections for Canadian home sales at Toronto-Dominion Bank while raising his forecast for the Bank of Canada's benchmark interest rate. According to Mr. Sondhi, the central...
Seller beware: Even if the deal dies, the agent may still want their commission
A good piece of advice for anyone buying real estate is buyer beware. But recent court rulings show that sellers, too, should beware; clauses in the listing agreement can mean the realtor can claim a commission – even if a sale doesn’t close. A high-profile case in British Columbia this spring...