PropertyWire

(Ontario Real Estate Source)

By Brian Madigan LL.B.


This is my introductory blog for the bloggers's section of PropertyWire.

Many of you have read various of my articles which PropertyWire has published since inception.

I propose to write in three basic areas:

1) markets,

2) economics and finance, and

3) the law,

all, of course, related to real estate.

Each month, I will have a regular analysis of the performance of the Toronto real estate market. It is indexed to base 100 and compared to other economic variables, so it is easy to see how real estate performance compares with the CPI, price of gold and oil and the rate of returns achieved on the major North American stock markets.

The real estate market is the Greater Toronto Area (GTA) rather than Toronto proper. In addition there is a breakout for condominiums.

While I have already written over 2,000 articles in this field, there are fewer these days on "finance". That is due to the fact that other authors have taken up this challenge, including mortgage brokers and financial advisors. Consequently, a major proportion of posts will deal with the "law".

In the real estate law field, I will deal with:

1) professional standards and discipline,

2) The Real Estate and Business Brokers Act, 2002,

3) contract cases,

4) tort cases

5) real property law cases,

6) common law,

7) disclosure obligations, ethical duties and professionalism on the part of agents, and

8) new trends in law.

I apologize in advance to readers in provinces other than Ontario. I will only be dealing with Ontario law, so you will have to make the appropriate adjustments in your province. The law could be quite different. Generally, there are analogies but there are often important distinctions which could be vital in any particular case. So, always question yourself: does that apply here?

I welcome any questions or comments, including suggestions for new topics.

You have probably already noticed that I tend to write a series of articles on one topic. That keeps each post as short as possible, and at the same time provides a sufficiently detailed review so theat the information is worthwhile, provided that you find the series of interest.

After posting several articles on one particular topic you will find that I offer Continuing Education Credit courses on that same topic. I am an approved Education Provider by the Real Estate Council of Ontario and currently offer several courses.

The Chattel-Fixture series will find its way into a credit course. I already have the Law of Disclosure and Use of the Saller Property Information Statement. The Detailed Analysis of the Agreement of Purchase and Sale is offered now through several real estate boards and some others will soon follow. You can watch for Competition related issues, boundaries, surveys, legal non-conforming uses, mortgage fraud, the civil law of torts in the real estate field, as well as the criminal law in the real estate field.

If you choose to attend one of these sessions, please come up after the program and introduce yourself

Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through Royal LePage Innovators Realty, Brokerage 905-796-8888
www.OntarioRealEstateSource.com