Chris Seepe is a published writer and author, ‘landlording’ course instructor, president of the Landlords Association of Durham, and a commercial real estate broker of record at Aztech Realty in Toronto, specializing in income-generating and multi-residential investment properties. Call (416) 525-1558, send him an email, or visit his website.
Real estate investors must be very careful about purchasing an investment property with a low cap rate, at which many retail plazas and multifamily properties are currently trading, with a down payment of 25 per cent or less.
Organized real estate should be looking inwardly to find solutions for to substantially improve the quality of service and expertise of Realtors before spending resources encouraging consumers to use Realtor services that aren’t up to the public’s expected standards.
In a case important to how to handle the issue of disclosure and latent defects, an Ontario Small Claims Court judge awarded a judgment in favour of a buyer who alleged that the seller had not disclosed a defect that had repeatedly occurred over many years prior to the seller selling the property.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
REM is independently owned and operated, and is not affiliated with any real estate association or board.