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11
Sep

Real Estate: Buying New? What You Need to Know

People who purchase new condominiums and houses directly from the developer are usually attracted to the prestige of being the first to own and occupy the property; however, buying brand new may not be the right decision for those who are cost and time conscious.Developer agreements heavily favour developers, which should come as no surprise. Although purchasers are somewhat protected by the

7
Sep

Understanding the Standard Agreement of Purchase and Sale – Part 1

Often my clients have their realtors prepare their agreements of purchase and sale without fully understanding the clauses that are inserted. Most real estate clauses contained in the schedules of the standard Ontario Real Estate Association (OREA) Form have become very standard however, purchasers and vendors should be aware of what is contained in their agreements. Below are some of the items to look out for on a