A Toronto-based discount real estate brokerage has suspended its operations, accusing the Canadian Real Estate Association of working to restrict the company’s ability to use the industry’s computerized listing service.Realtysellers Ltd. has “suspended” business as a result of the association “working to implement rules that would restrict Realtysellers’ access to the MLS systems of local [...]
Archive for November, 2006
Discount realtor closes doors
Posted: 30th November 2006 by Laurin Jeffrey in Legal Real Estate Issues, Miscellaneous, Toronto Real EstateTags: agent, allegations, bloor st, brokerage, canada, canadian, canadian real estate, Canadian Real Estate Association, competition, competition bureau, consumer choice, consumers, estate, first, home, land, lease, ltd, mls, mls system, mpac, Multiple Listing Service, new, real, real estate, real estate association, real estate board, real estate boards, real estate Broker, realtor, rent, sale, seller, sellers, td, time, toronto, toronto real estate, Toronto Real Estate Board, Tory, urban economics
0
Mortgage fraud bail bid denied
Posted: 30th November 2006 by Laurin Jeffrey in Legal Real Estate Issues, Miscellaneous, Mortgages and Financial Information, Toronto Real EstateTags: Bank of Canada, bank of montreal, bank of nova scotia, banks, canada, fraud, home, homeowners, lease, mortgage, mortgage fraud, new, real, royal bank, royal bank of canada, second mortgage, toronto, Tory, woman
Excerpt from an article by Curtis Rush – Toronto Star A 45-year-old Brampton woman suspected of masterminding a six-year string of mortgage and car frauds totalling more than $1.3 million was denied bail yesterday on new charges. Alleged victims include homeowners and major banks, including the Bank of Nova Scotia, the Royal Bank of Canada [...]
Court asked to reject mortgage ruling
Posted: 29th November 2006 by Laurin Jeffrey in Legal Real Estate Issues, Mortgages and Financial Information, Other Real Estate Markets, Toronto Real EstateTags: banks, collapse, consequence, consequences, CREA, existing home, fraud, gold, good faith, government, home, homeowners, land, lender, mortgage, north york, Ontario government, purchaser, real, rent, title, title fraud, toronto, transfer, woman
Critics say decision in previous case favours banks and mortgage firms over fraud victims By Harold Levy – Toronto Star Almost a year after identity thieves stole her home and left her with a $300,000 mortgage, Susan Lawrence has finally got to make her case before Ontario’s highest court. The North York woman asked the [...]
Decline in growth predicted for Canada
Posted: 29th November 2006 by Laurin Jeffrey in Miscellaneous, Other Real Estate Markets, Toronto Real EstateTags: Bank of Canada, canada, canadian, CREA, decline, development, economic growth, economic outlook, economy, Gross Domestic Product, increase, inflation, interest rate, Interest Rates, market, new, price increases, price inflation, prices, rebound, recovery
Look for economic pick-up in 2008, Paris-based think-tank suggests Reuters News Agency PARIS — Canada’s economic growth is expected to slow marginally next year, and overall inflation should decelerate, the Organization for Economic Co-operation and Development says. “The economy is expected to grow at below-potential rates in the near term,” the Paris-based group said yesterday [...]
Cracks widen in U.S. economy as orders, house prices fall
Posted: 29th November 2006 by Laurin Jeffrey in Miscellaneous, Other Real Estate Markets, Toronto Real EstateTags: association of realtors, auto industry, chief economist, confidence, confident, consumer confidence, consumers, decline, economic activity, economic growth, economic news, economist, Economists, economy, employment, factories, first, government, hard, holiday season, home, home building, home prices, house price, house prices, housing, housing market, housing slump, inflation, interest rate, Interest Rates, job security, jobs, labour market, market, market conditions, median price, national association of realtors, new, positive, prices, real, realtor, Realtors, rebound, slump, time, west
Fed chairman sees risks from inflation, ailing home market By Anne D’Innocenzio – Associated Press NEW YORK — Three pillars of the U.S. economy — consumer confidence, orders for manufactured goods and home prices — showed surprising cracks yesterday, flashing signals that growth may slow more heading into the important holiday shopping season. The New [...]