When it comes to customer service, there are 2 rules in business:
1. The customer is always right; and
2. If the customer is wrong, re-read rule number one.
After much speculation that interest rates would increase, recent oil price slides have resulted in the Bank of Canada actually surprising the markets by cutting interest rates by 0.25%
Read MoreI have started receiving inquiries from buyers who notice residential properties for sale and the seller is shown to be a bank. This usually indicates that the owner could not make their mortgage payments and the lender is selling the property to recover the mortgage amount owing. If you are considering making an offer on one of these homes, here are 5 things you need to know.
Read MoreOver the last 2 weeks much has been said about Canada’s Real Estate market being overvalued by as much as 30%. We just came off a close to record year and yet Royal Lepage forecasts GTA prices to rise another 4.5% this year (a slower pace rise but still significant).
Read MoreMy late mother gave me this advice many years ago when it came to gossip: “If you have nothing nice to say about someone, say nothing at all.” Wise words. I imagine many of you will have heard the same advice growing up. These words are even more important today, as we live in a connected digital world where almost nothing is private anymore.
Read MoreDuring this time of year I try to visit with as many people as I can, if even only for 5 minutes for a quick hello. Social media is fabulous but to me, nothing replaces a real live face to face meeting! My only regret is that despite best efforts it’s not possible to meet with everyone.
Read MoreThe annual doom and gloom articles about the Canadian real estate market are front page news once again. Even the Governor of the Bank of Canada, Stephen Poloz, says that the Canadian real estate market is over-valued by as much as 30%. We have heard this story before, almost every year in the past 15 years. Hasn’t happened yet, and it won’t happen in 2015.
Read MoreThe Real Estate Council of Ontario did a survey of first time buyers in Ontario and found that one of the top issues that buyers had was they wished they understood the real estate contract and the process involved in buying a home a lot better, before they bought their home. Here are 5 things to know so that you will not be surprised either before or after closing.
Read MoreThe madness continues throughout the month although the focus for most is not home selling or buying. A seasonal slowdown is occurring and hopefully a mild winter will ensue. Despite the slowdown, November was active and overall supply of homes has gotten even tighter.
Read MoreThe basement floods after closing. Can the buyer sue the seller? The agreement contained wrong information about the property dimensions but also included a disclaimer clause. Can the buyer sue if there is a problem after closing? Do you need to disclose a murder that occurred in a home? These are not simple questions, but if you remember the following principles, you should be able to understand the law.
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