January 2012 Sales Figures for Toronto and GTA (Up or Down?) Ontario Real Estate Source By Brian Madigan LL.B. The 2012 market started out with a bang! The sales were 4,567 compared to 4,199 last year. Pressure also was placed upon the price which moved up to $463,534. Last year it was $425,762. Sales are [...]
Tag Archives: Ontario
ORES Investment Index ~ Toronto Real Estate Performance in 2011
ORES Real Estate Index for December 2011 Ontario Real Estate Source By Brian Madigan LL.B. Here is the “ORES REAL ESTATE INDEX” which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benchmark comparisons such as the price of oil and gold, as [...]
The Public Doesn’t Understand “Customers”
Customers ~ Who are they? Ontario Real Estate Source By Brian Madigan LL.B. No one outside the real estate industry seems to know the difference between clients and customers. In fact, once explained, most seem to think it is absurd, and to say the least a little unfair, and perhaps a “ruse” by the real [...]
Company Protocol for Twitter Use
Twitter Account – Professional or Personal? Ontario Real Estate Source By Brian Madigan LL.B. Issues concerning ownership, use, and operation of a Twitter account have arisen in the case of PhoneDog v. Noah Kravitz. The novel issue is the crossover between personal and professional interests. Kravitz was employed by PhoneDog to blog about competitive mobile [...]
Sales Reps using Twitter at Risk
Who owns the Twitter Account – Employer or Employee? Ontario Real Estate Source By Brian Madigan LL.B. In a recent case, PhoneDog v. Noah Kravitz, the issue of Twitter account ownership will soon arise. The case is interesting because it presents a novel issue and that is the crossover between personal and professional interests. This [...]
Unfair Business Practices Apply to Real Estate Agents
Unfair Business Practices in Ontario (Real Estate Agents and Consumer Protection) By Brian Madigan LL.B. The Business Practices Act was a very good piece of legislation, but not too many people knew about it, so last year the Ontario Government replaced it with the Consumer Protection Act. When it comes to real estate there [...]
Should a Third Party Have to Monitor an Agency Appointment?
Third Party Intervention ~ $ 20 million Condo Fraud Ontario Real Estate Source By Brian Madigan LL.B. This situation involving the condo fraud is fraught with difficulty. You will recall that Manzoor Khan and Channel property Management are being accused of fraud in connection with 9 condominium corporations. Because the allegations are “fraud” and “forgery” [...]
Be Careful Buying a Toronto Re-Sale Condo
Is it Safe to Buy a Condo ~ $ 20 million Fraud Ontario Real Estate Source By Brian Madigan LL.B. Channel Property Management operated in Toronto for years under Manzoor Khan of Brampton, Ontario. Channel specialized in condominium management and gained the confidence in many cases of immigrants who identified with him from his native [...]
E-Mail Negotiations for Real Estate Deals in Ontario
Electronic Negotiating for Real Estate Ontario Real Estate Source By Brian Madigan LL.B. There seems to be a problem in Ontario concerning the use of e-mail for negotiating real estate deals. So, it’s either direct delivery ofr faxes. the problem with faxes is if you fax a document a few times it deterioartes subststantially and [...]
Liquidation of a Financed Restaurant through the Receiver
Business Financing: Liquidating the Restaurant Ontario Real Estate Source By Brian Madigan LL.B. You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to a variety of reasons. At this point, the reason doesn’t really matter. You are now in [...]
Business Goodwill
Ontario Real Estate Source By Brian Madigan LL.B. When it comes to goodwill related to the sale of a business, we really need to know exactly what we are talking about. First, there’s goodwill. As it sits on the books of a small business it is the difference between the liabilities of the company and [...]
Toronto Real Estate Performance ~ July 2011
ORES Real Estate Index for July 2011 Ontario Real Estate Source By Brian Madigan LL.B. The reporting of statistical information by the Toronto Real Estate Board has changed this month. It will no longer be possible to track condos in the same way that we did before. Here is the “ORES [...]
ORES Real Estate Index for Toronto (May 2011)
ORES Real Estate Index for May 2011 Ontario Real Estate Source By Brian Madigan LL.B. Here is the “ORES REAL ESTATE INDEX” which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benchmark comparisons such as the price of oil and gold, as [...]
Operating a Restaurant in Distress
Business Financing: Operating the Restaurant Be Cautious: Operating the Restaurant Ontario Real Estate Source By Brian Madigan LL.B. You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to a variety of reasons. Maybe the owner didn’t have enough experience, maybe it’s the wrong location, [...]
Thinking About Financing a Small Business?
www.OntarioRealEstateSource.com By Brian Madigan LL.B. Let’s assume that for some reason you feel compelled to offer and assist someone who needs financing for their business. What security do you want? Well, you should get everything you can! In the case of a business, this truly does mean everything. Because, the parts have little to [...]
Stop the Erosion on the Top of the Bank Inexpensively
Prevent Erosion: Secure the Bank Ontario Real Estate Source By Brian Madigan LL.B. You sometimes need a cheap way to prevent erosion over an embankment. So, what works? Call a contractor and the concrete retaining wall will cost you $10,000 to $20,000. It’s a good fix, but then again this is just a cottage property [...]
Financing: Be Careful as a Commercial Landlord
Landlords Battle Secured Lenders Landlords Battle Secured Lenders Ontario Real Estate Source By Brian Madigan LL.B. If you are a Landlord you may expect from time to time to have to engage in some form of battle with your tenants. But what about the secured lenders? In commercial premises, the tenant may have acquired some [...]
Landlords Should Consider Performance Bonds
Landlords: Avoid the Big Ticket Chattel Ontario Real Estate Source By Brian Madigan LL.B. Here’s the problem. The Landlord is looking for tenants to occupy its industrial complex. Most of the units are about 3,000 sq. ft. in size. It’s difficult enough to find good tenants, so what happens when the tenant’s business requires something [...]
Gifts in Contemplation of Marriage in Ontario
Solemnization of Marriage in Ontario ~ (Real Estate Considerations) Ontario Real Estate Source By Brian Madigan LL.B. The legal responsibility for marriage is divided between the federal and provincial governments. The province is responsible for the “solemnization of marriage”. What does that mean? There is a Marriage Act in Ontario. Essentially, that means the procedural [...]
Can a Landlord Prevent a Tenant from having Pets?
Can a Landlord Prevent a Tenant from having Pets? Can a Landlord Prevent a Tenant from having Pets? Ontario Real Estate Source By Brian Madigan LL.B. I know you’re going to like this answer: “yes” and “no”. The Residential Tenancies Act in Ontario allows for pets. There is a specific pet rule. “No pet” provisions [...]
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Rob@Jupiter Real Estate: In Florida we have many condos located on oceanfro...
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Larry: It should almost be a necessity to have a swimming...
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New Media 4 Agents: I think we are past the stage of wondering if it w...
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Jim Wagoner: Good information we all should try to live by....
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Mike Pannell: Tony, i tried to sign my Wife up on your property ...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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