Categories for Industry News

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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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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In a Low-Rate World, Real Estate Can Be Key

Key takeaways Record-low and slowly increasing interest rates may continue in the coming years. Combined with rising inflation, this is making it difficult to generate critical inflation-adjusted returns needed for income-oriented investors. Real estate as an investment has a history of delivering strong returns through various rate and inflationary environments. ...

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Brokerage Commissions and Fees

Originally published by RECO February 13, 2014 When charging for services in relation to a trade in real estate, a brokerage can use an agreed fixed amount, a percentage of the sale price, or a combination of the two. Before working with clients or customers, it is important that REALTORS® clearly communicate the ...

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Commission Rebates To Clients and Customers

Originally published by RECO December 1, 2015 Under the Real Estate and Business Brokers Act, 2002 (REBBA 2002), REALTORS® cannot provide any form of compensation to an unregistered third-party for activities that would be considered to be in furtherance of a trade. This restriction is explained in the Registrar’s Bulletin ...

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Commission Reduction Agreements

Originally published by RECO December 1, 2015 When REALTORS® use commission reductions, it is essential to create an appropriate agreement in order to comply with the Real Estate and Business Brokers Act, 2002 (REBBA 2002). In a commission reduction agreement, the listing brokerage agrees with the seller to reduce commission that was ...

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More Than One in Ten Homeowners in Canada’s Three Largest Urban Centres Owns Multiple Properties

Highlights: 14% of homeowners in Greater Vancouver, 13% in the Greater Toronto Area and 12% in the Greater Montreal Area own more than one property More than 40% of secondary property owners in the greater regions of Vancouver and Toronto, and 21% in the Greater Montreal Area, used equity from ...

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Commercial Real Estate: It’s Always Darkest Before Dawn

While there’s been significant disruption to commercial real estate due to the pandemic, many parts of the sector have been surprisingly resilient. Here we examine the damage, the recovery, and—most important—the opportunities. A spring of dramatic change and uncertainty Commercial real estate suffered during the pandemic: Hotels were shuttered, malls ...

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Toronto City Council Approves Plan to Implement Vacant Home Tax

Toronto city council has approved a plan to implement a vacant home tax starting next year. In a news release issued Thursday July 15th, city officials said the goal of the tax is not to collect revenue, but to create a disincentive for homeowners to keep their homes vacant and in ...

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Referral Fees in Real Estate

Originally published by RECO December 1, 2015 This post deals with the topic of REALTORS® receiving and/or paying referral fees to third parties who may not be directly involved in a real estate transaction. Depending on the specific situation, this may not be permitted under the Real Estate and Business Brokers Act, ...

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