With the high demand for real estate in the Greater Ontario Area, it has become very common for there to be multiple offers and bidding wars on properties. In turn, this has given rise to many pre-emptive or “bully” offers, with buyers looking to get in ahead of the bidding war. This situation may be […]
Double-Ending in Ontario Real Estate: A Primer
GREATER TORONTO – Double-ending has been a trending term in recent months, perhaps triggered by a recent CBC Marketplace episode that caught several GTA real estate sales representatives bending (or outright breaking) rules around multiple-offer scenarios. Here at GTA Real Estate News, we do our best to provide our readers with the knowledge to protect themselves from […]
Incoming Regulations Aim to Make Bidding Wars More Transparent
TORONTO – Across Ontario, “bidding wars” have become an increasingly common experience for real estate buyers – especially those in competitive markets like Greater Toronto. Set to take effect on July 1, 2015, a set of key changes to the Real Estate and Business Brokers Act, 2002 (REBBA) will aim to increase the transparency of […]
Career Series: the ABCs of Ontario Real Estate
GTA REAL ESTATE – When you become a real estate sales representative in Ontario, your brokerage isn’t the only organization you’ll be dealing with. Some of them – like the Ontario Real Estate Association (OREA) – you have already likely encountered to get your real estate license. Nearly all of them are generally referred to […]