Residential Real Estate Archives

When Real Estate Reps Fall Short - Any Recourse For Consumers?

Real estate transactions can go sour for any number of reasons. It could be financing, timing issues, failure to fulfil a condition of sale, or some other cause related to the deal itself. But what happens when dispute shifts focus onto the sales agent or broker? The Real Estate Council of Ontario (RECO) provides a framework to address consumer complaints.

Condominium Authority Of Ontario - Long-Awaited, Starts This Fall

Back in 2015, the Protecting Condominium Owners Act became law in Ontario. It was the culmination of over 200 recommendations and represented the province's first major reformation of condo law in 16 years.

Chattels And Fixtures - What's Included In A Real Estate Sale?

Which items stay with a home? Which ones leave with the seller? - These are age-old questions and among the most common sources of disagreements in real estate deals. The answers are not always clear-cut, but depend on the interpretation of chattels and fixtures.

Buyer Beware - Must Home Sellers Reveal Psychological Stigmas?

Haunted houses, home meth labs, murder scenes - Some buyers might not care if the real estate they bought has a shady past. Others won't touch such properties, even at a sale price. Ontario laws include rules on what home sellers must disclose to prospective buyers. Are psychological stigmas included? What action can buyers with the heebie-jeebies take to avoid investing in "undesirable" property?

Status Certificate - Resale Condos' Equivalent To Home Inspection

Prudent home buyers do not skip the home inspection. Behind walls, carpets and ceilings, any number of unseen problems may lurk - from faulty electrical to foundation flaws. In a resale condo scenario, home inspections are rare, but there is an important parallel: inspecting the status certificate. Having a lawyer review this document is a wise precaution. In fact, it's so indispensable that lawyers typically turn it into a condition of purchase. What is a condo status certificate and what's the risk in passing it over?

Holdover Clauses - When No-Deal Still Means Paying Commission

When a real estate broker and client enter a formal relationship, the parties typically seal the arrangement by signing a written contract. Whether it's a Listing Agreement for sellers or a Buyer Representation Agreement for buyers, the client is looking to land a deal. But sometimes that doesn't happen during the time period covered by the contract. Yet even after the agreement expires, a client could still be on the hook for paying a brokerage commission. How? Through something called a holdover clause.

Consumer Protection: The Cooling Off Period In Real Estate

Under Ontario consumer protection law, certain contracts come with a cooling off period. During this limited time, a purchaser can cancel for any or no reason and receive a refund. The period applies to gym memberships, door-to-door sales and a handful of other contract types. Our post this week looks at the one real estate scenario in which a cooling off period applies. We'll also review other areas in which real estate market participants must proceed without the benefit of this type of consumer protection.

Illegal Basement Suites - Two Potential Risks For Homeowners

According to a recent survey conducted by Square One Insurance Services, 11 per cent of house owners across Ontario, B.C. and Alberta rent out some portion of their property to non-family. Most do it for extra income or to help out with the mortgage. But there's a problem: 17 per cent of these units are considered illegal - and if discovered, owners could face financial consequences on two fronts.

New Condominium Purchases - Three Cautions

Buying a brand-new condominium has many advantages. Buyers tend pay a lower purchase price and often there is no GST/HST payable. New-built also often means more options and decision-making power on the unit's features and upgrades. But before rushing to sign the purchase agreement, buyers should be aware of several drawbacks. Our post this week looks at some of them.

shameless self promotion

  • Quinn Ross Takes Office As President Of The Ontario Bar Association

    The Ontario Bar Association (OBA) is pleased to announce Quinn Ross as the 83rd President of the OBA.

    Ross, Managing Partner of The Ross Firm, with offices in Goderich, Kincardine and Stratford, has been an active member in senior roles on the OBA board since 2012.

    Read More

  • Ross Firm Golf Tourney In Support of Huron Women’s Shelter a Swinging Success

    On behalf of the Huron Women’s Shelter and The Ross Firm P.C., we say “THANK YOU” to our many Sponsors and Donators for their outpouring of generosity and support for the annual Take a Swing Against Violence Golf Tournament held at Goderich Sunset Golf Club.

    Read More

  • Who needs a Will? You do!

    Our guests can explain why. Are you single and renting? A new Family? Or Homeowner? Enjoying your Golden Years? We all need a Will and our guest speakers will show you the why and the way.

    Read More

  • Take a Swing Against Violence

    On June 21, 2017, the Huron Women’s Shelter Second Stage Housing and Counselling Services, Board of Directors and The Ross Firm will be hosting the Taking a Swing Against Violence golf tournament at the Goderich Sunset Golf Course.

    Read More

View All

Send Us An Email. Talk To Us. We Can Help.

To schedule a consultation with one of our experienced lawyers, contact The Ross Firm online or give us a call toll free at 888-567-4917.

Contact Us

Goderich Office
144 Courthouse Square
Suite 100
Goderich, ON N7A 1M9

Toll Free: 888-567-4917
Fax: 519-524-8438
Map & Directions

Stratford Office
1 Ontario Street
2nd Floor
Stratford, ON N5A 3G7

Toll Free: 888-567-4917
Fax: 519-814-5533
Map & Directions

Kincardine Office
943 Queen Street
Kincardine, ON N2Z 2Y8

Phone: 226-396-5532
Fax: 226-396-5533
Map & Directions