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News

Weekly Communication #10 / 2003 April Numbers – Short but sweet

Weekly Communication #10 / 2003 April Numbers – Short but sweet

By

agallippi

Posted in Blog On 10 May 2013

I’m sure all of you had planned to come visit me at the Scotiabank in Yorkdale Mall for Realtor Day. Unfortunately we got bumped last minute for a corporate fundraiser event. Please stay tuned and I will communicate the next event in the June time frame.

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Legal Corner: Be wary of granting Power of Attorney or other real estate scams

Legal Corner: Be wary of granting Power of Attorney or other real estate scams

By

W. Andrew Powell

Posted in Blog On 6 May 2013

The elderly or infirm are often the targets of con artists, who seek to take advantage of the situation for their own benefit. If the scam is not found out in time, these victims can in many cases lose their life savings.

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Weekly Communication # 9 / 2013 – V.I.P Condo exclusives

Weekly Communication # 9 / 2013 – V.I.P Condo exclusives

By

agallippi

Posted in Blog On 3 May 2013

It has been a busy time in the market and spring is in full effect. The weather as of late has been glorious and the upcoming week is forecasted to be spectacular. Next week I will have the April numbers to share with you but I expect the same overall results, in that transactions are down versus same time period last year but the average sale price is up.

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Legal Corner: $100,000 deposit lost when fax not read in time

Legal Corner: $100,000 deposit lost when fax not read in time

By

W. Andrew Powell

Posted in Blog On 29 April 2013

The attached case raises interesting issues related to outstanding open work permits and how they might be handled on closing. In this case, the buyer purchased a renovated home, but learned that there was still an open permit that was not finally inspected and approved by the Building department.

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1 Shaw Street, Unit 716, Toronto

1 Shaw Street, Unit 716, Toronto

By

agallippi

Posted in 1 Bedroom, 500 - 1000 Square Feet, Apartment/Condo On 27 April 2013

Remarks For Clients: Super Bright And Sensational South Views From This Spectacular 2 Storey Condo Loft. Much Sought After Dna Lofts Building In King West Village!!7th Floor Views Of Lake From Balcony. Floor To Ceiling Windows.9 Foot Concrete Ceilings. Gas Outlet For Barbecue On Balcony.

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235 Sherway Gardens Road, Unit 1509, Toronto

235 Sherway Gardens Road, Unit 1509, Toronto

By

W. Andrew Powell

Posted in 1 Bedroom, 500 - 1000 Square Feet, 6] $2,500,000 - $3,000,000, Apartment/Condo On 25 April 2013

Ultra Chic And Super Bright, 1 Bedroom+Den Open Concept Suite At Sherway Gardens. This Fab Unit Shows To Perfection And Boasts Hardwood Floors, Great Dining Area With Bar Fridge And Counter. Modern Kitchen With Breakfast Bar, Ceramic Back Splash. View Virtual Tour.

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6 Glade Drive, Richmond Hill

6 Glade Drive, Richmond Hill

By

agallippi

Posted in 2000+ Square Feet, 2] $500,000 - $1,000,000, 4+ Bedrooms, Single Home On 24 April 2013

Sophisticated And Luxurious Executive Home With Opulent Upgrades Throughout. Located In A Sought After Pocket Of Richmond Hill, This 4 Bedroom, 5 Bath Residence Features An Impressive Gourmet Kitchen With Granite Counters, Upgraded Cabinets, Marble Backsplash And High End Stainless Steel Appliances. View virtual tour.

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Legal Corner: As Cottage Lakes Recede, who owns the Extra Beach?

Legal Corner: As Cottage Lakes Recede, who owns the Extra Beach?

By

W. Andrew Powell

Posted in Blog On 23 April 2013

Lakefront cottage purchases have many challeges, particularly with respect to who owns the land at the water’s edge. Please see the attached article, which discusses the range of issues when buying or selling a lakefront property and the importance of understanding whether a 66 foot shore allowance applies to the property and whether it has been properly closed by the municiplity and transferred to the owner. Otherwise, you could have a situation where the cottage is built on land that is not owned by the seller.

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Weekly Communication – # 8 / 2013

Weekly Communication – # 8 / 2013

By

agallippi

Posted in Blog On 19 April 2013

It has been a very busy few weeks as quality inventory is still quite low. The slow start to spring weather has also translated in many sellers holding off on placing their homes for sale. I am currently working with several buyers and it has been tough to locate and secure a suitable home for their needs. A few of them have properties to sell but don’t want to list until they know that have bought a home and have somewhere to go.

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Legal Corner: Real Estate Partnerships Require Careful Planning

Legal Corner: Real Estate Partnerships Require Careful Planning

By

W. Andrew Powell

Posted in Blog On 17 April 2013

I am often asked how real estate partnerships or joint ventures should be set up. Who should go on title? What clauses do I need?
Please see the attached article where I set out the key provisions that need to be negotiated in any real estate partneship agreement. If you or your clients need any assistance with setting up a joint venture or partnership agreement, please contact me.

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