Spencer Group Inc., Realty Brokerage's blog

How can holdover be enforced? The seller has kept all the offers they received so we have all the names of the brokerages and buyers, however how about buyers who were shown the property but never submitted an offer?

https://ontariorealestatesource.com/listing-cancellation-and-the-holdover-provision/?fbclid=IwAR0-E1jST7Aj5eNr5pAcBwynZlU_GOHlpIdwT88D9bZBe8gmpS83OYkjNQs

The report acknowledges that "the swing in the market over the past year has been nothing short of spectacular," noting how the previous year "started extremely overheated as exceptionally low-interest rates, changing housing needs and elevated investor involvement supercharged demand." Some of the most substantial price corrections have been occurring in Ontario markets, though the report notes a recent trend of stabilization is widespread from coast to coast, including right here in Canada's most-populous province.

This is the situation we are in 1 year after the second craziest month in real history in Canada.

Although these rules have been around for generations, the public at large seems to invent the approach to the real estate business almost daily.
This is a very good explanation of internal works in our business fro those who are not familiar with real estate transactions.

https://www.thestar.com/real-estate/2022/12/23/real-estate-agents-must-deal-with-buyers-through-their-own-agents.html?rf

THE SYSTEM:

"He knows how to play the system well, and he'll continue playing until he gets thrown in jail,"

https://www.cbc.ca/news/canada/toronto/gta-tenant-rentals-rooming-houses-new-charges-1.6191963?fbclid=IwAR12R2bWaT7DEPE_HP6MxPn6xnTKxETj8J-JdsUN_HMTgnKqPvec79jwu9Q

Can my real estate agent collect a referral fee when recommending a home inspector?

Toronto home prices and sales in August 2022 see month-over-month growth for the first time since February.
Alexander said Alexander if the Bank of Canada continues to raise rates, sales and prices could fall again.

It takes 60 to 90 days for consumers to digest higher interest rates.
If (the bank) holds firm, people will be fighting again over the limited product available.

Changes, changes, changes .... in all aspects of real estate.
Ontario’s housing market has been red hot for years now, but that could soon change, and some areas will be hit harder than others.

https://www.cp24.com/news/these-are-the-areas-where-ontario-housing-prices-will-take-the-biggest-drop-1.5948453

Real estate is the biggest business in Canada.
It is an engine of the entire economy.
Yet ...
In a Tuesday update, senior Canada economist Stephen Brown noted the central bank seemed unfazed by a double-digit drop in home sales in May — the second consecutive such monthly drop — and that it was adopting an increasingly hawkish tone on inflation.

The recent GTA market is challenging.
We are witnessing significant changes in prices: from 30 percent drops to 12 percent jumps — why some GTA real estate markets are hot while others are not.

https://www.thestar.com/news/gta/2022/06/07/from-30-per-cent-drops-to-12-per-cent-jumps-why-some-gta-real-estate-markets-are-hot-while-others-not.html