Rental Property Damage Repair equals a Capital Gain? Ottawa family livid over AWOL tenant Landlords of a south Ottawa rental property say damage that occurred during a time the property was leased to a tenant from Saudi-Arabia has cost them $70,000. The property, which is on San Remo...

Canadian home resale prices decline with U.S. Wednesday, 29 December 2010 As U.S. home prices slipped in October so did Canadian home resale prices, falling 0.4 per cent from September, according to Teranet-National Bank composite house price index. This was the second consecutive drop in the...

The hottest market in the hottest economy in the world is Chinese real estate. The big question is how vulnerable is this market to a crash. One red flag is the vast number of vacant homes spread through China, by some estimates up to 64 million vacant homes. Read more...

Locals receive yellow letters with offers to buy their homesTue Nov. 30 2010ctvcalgary.ca Many Calgarians are receiving unsolicited letters in their mailboxes, with the sender offering to buy their home. CTV Calgary`s consumer specialist Lea Williams-Doherty investigated to see if this is a...

Disclosure Form is a Danger to Buyers and Sellersby Bob Aaron November 13, 2010 Over the years, I have repeatedly criticized the Seller Property Information Statement (SPIS), a form published by the Ontario Real Estate Association. Use of the form is a controversial issue in the real estate...

15 story hotel built in just 6 days http://tinyurl.com/2362qfn

Boardwalk REIT`s Revenue FLAT, Occupancy UPCALGARY - Boardwalk Real Estate Investment Trust is reporting higher occupancy at its more than 35,000 rental units across the country, but flat revenue, as the Calgary-based company commented on third quarter results.Canada`s largest landlord said it...

Canmore renters must pay $19,000 in damages after dog pee destroys carpet CALGARY HERALD NOVEMBER 3, 2010 Not even the surprise attendance of a harmless-looking Yorkshire terrier could persuade a judge to exercise leniency on Tuesday in Canmore small claims court. Provincial court...

OREA forms continue to confuse lawyers and consumersWhen does a real estate deal close — when the deed is registered, when the keys and money change hands or when the seller moves out of the house?This question was raised by London, Ont., lawyer Lorne Campbell in response to my Oct. 2 column...

The Economy and Deflation Our contention last month was that the economy is moving into a critical new phase, an outright deflation in which “prices fall because people expect falling prices.” Obviously, this implies an element of recognition, as efforts to protect against indebtedness and...

Lawyers may kill deals not in client`s best interest From time to time, lawyers get accused by real estate agents of being "deal killers." I was reminded of this recently in an email from Paula Riopelle, a real estate lawyer in Orleans, Ont. She was responding to my column, "Agents should never...

Hot Button Issues for Residential TenanciesReal estate lawyers involved in transactions of residential rental properties provide added value to their clients by flagging regulatory risks faced by landlords. Clients investing in rental property for the first time are often naïve about the...

OREA is up to date with 1980s technology Virtually all agreements of purchase and sale for homes or condominiums in Ontario are prepared on standard forms published by the Ontario Real Estate Association (OREA). Unfortunately, those forms have a great number of shortcomings which do not promote...

Alberta House Prices Overvalued: http://tinyurl.com/36pg2zr

A decision of the British Columbia Human Rights Tribunal late last year could have an enormous effect on owners and occupants of condominiums and rental apartments ACROSS CANADA in the coming months. http://www.aaron.ca/columns/2010-03-06.htm

Beware of mortgage tax deduction claims Earlier this month, the Supreme Court of Canada issued a decisive ruling that clarifies once and for all that the interest paid on a mortgage taken out to purchase a principal residence cannot be tax deductible under any circumstances (unless part of the...

Fraudster`s house `sale` ends up costing bank http://www.aaron.ca/columns/2008-11-29.htm

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