Categories for Industry News

Money Laundering Can Drive Home Prices A Lot Higher, In A Short Period Of Time

The Objective Of Money Laundering When you buy an asset, whether a home or an investment property, you try to get the best value for your time and money. You want a deal. The seller is trying to extract the maximum price they can get from you, without driving you ...

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Can REALTORS®—or Clients—Secretly Record Potential Buyers?

Smile! You’re being secretly recorded. Oh, the joys of privacy law! With more twists and turns than an Agatha Christie novel, it truly is the gift that keeps on giving… if you’re a privacy lawyer. For normal people, maybe not so much. Perhaps it’s because of the warmer weather that’s ...

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Bank of Canada Increases Interest Rate, for the Third Time This Year

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening On March 2, 2022, the Bank of Canada began its rate hike cycle by increasing its target for the overnight lending rate by 25 basis points to 0.5%. The Bank maintained its portfolio of government bonds until ...

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Obligations of All Registrants (REALTORS®)

Real estate is a highly regulated business in Ontario. These regulations protect consumers, establish standards and provide for a method of delivering consistent, predictable and professional services. It also provides a means to discipline those that do not uphold those standards. Real estate professionals standards include regulatory (REBBA/TRESA), fiduciary (legal) ...

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Changes to Non-Resident Taxes in Ontario Real Estate

In addition to all the usual taxes residents have to bear owning real estate; all non-residents selling or buying Canadian real estate are required to undergo some additional tax burdens made to deter non-resident investors from speculating in the housing market and ensure governments collect their due taxes. Without proper ...

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Consumer Choice Award 2022

Each year across Canada, the Consumer Choice Award gathers the opinions of thousands of consumers and businesses and selects the top ranked companies as winners within each industry. “A business to believe in”…is their moto. Terrequity is very pleased to announce Royal LePage Terrequity Realty has been awarded the Consumer ...

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Bank of Canada Increases Interest Rate

On March 2, 2022, the Bank of Canada began its rate hike cycle by increasing its target for the overnight lending rate by 25 basis points to 0.5%. The Bank will also be maintaining its portfolio of government bonds until it is deemed necessary to start reducing the overall size ...

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Government Programs for Home Buyers and Regulations for Property Owners

A home is usually the single largest investment that most people make in their lives. Achieving your dream can be made easier by taking advantage of various Government Programs for home buyers and property owners. Some of the programs are targeted to first-time buyers, while others apply more generally. Other ...

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NOW AVAILABLE: TRREB’s 2022 Market Outlook and 2021 Year in Review Report

The Wait Is Over! 2022 Market Outlook & Year in Review Report Is Here The 2022 Market Outlook Demand for ownership will remain strong in 2022. TRREB is forecasting: Total home sales reported through TRREB’s MLS® System in the GTA will reach 110,000, representing a dip from 2021, but still ...

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Residential Rent Increase for 2022

Rules for rent increase In most cases, the rent for a residential unit can be increased 12 months after either: the last rent increase the date the tenancy begins The landlord must give a tenant written notice of a rent increase at least 90 days before it takes effect. The proper forms for this notice ...

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