by Emma Caplan-Fisher | Apr 15, 2024 | Boards & Associations, Legal Issues, News
On Wednesday, the Government of Ontario introduced new housing legislation outlining the latest steps it’s taking to cut red tape and help municipalities get more homes built in their communities. This is key to the province’s commitment to building at least 1.5...
by Natalka Falcomer | Apr 2, 2024 | Legal Issues, News
In a landmark development, the National Association of Realtors (NAR) recently settled a series of commission lawsuits, agreeing to pay $418 million USD in damages and pledging to overhaul its rules regarding real estate agent commissions. This settlement, prompted by...
by James R.G. Cook | Mar 27, 2024 | Legal Issues
QUICK HITS JKSD made two loans to Jaymor – $250,000 and $125,000. Security was personal guarantee of Jaymor’s principal or a fourth mortgage’s registration against property. Jaymor defaulted on both loans. No fourth mortgage was registered on property, partly...
by Natalka Falcomer | Mar 22, 2024 | Legal Issues, News
In response to a flurry of commission-related lawsuits causing upheaval, the National Association of Realtors (NAR) recently brokered a groundbreaking settlement, pledging reforms and financial restitution. Valued at $418 million over four years, the agreement...
by Gerald Tostowaryk | Feb 29, 2024 | Columnists, Legal Issues
Once again, anti-competitive accusations are being leveled against our industry, this time in the McFall case. I remember back in the early 1990s when the first discount broker of substance came to our market. We were all upset, I still think rightfully so, and there...
by Mario Toneguzzi | Feb 28, 2024 | Legal Issues, News
Recent new client verification requirements for real estate lawyers in Ontario are good news for the industry, say experts. Tim Hudak, CEO of the Ontario Real Estate Association (OREA), puts this into context: “Stories of homes being sold without the owner’s consent...
