Real estate agents in B.C. say they are not ready and may risk significant financial penalties when new rules are implemented prohibiting “dual agency,” the practice where an agent represents both a buyer and a seller. Starting June 15, according to rules posted by the B.C. Real Estate Council, agents are prohibited from representing both the buyer and seller in a transaction in almost all circumstances. The regulations, announced last [전체 읽기]
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Here’s a rundown of the PCs’ election promises | The Star
The people have spoken: Doug Ford’s Ontario PC Party has won enough seats to form a majority government. Now comes the actual governing part. Each of parties’ platforms were laid out, some in more detail than others, during the campaign and the key planks were hammered out in debates and at doors across the province. Now that voters have awarded them leadership at Queen’s Park, here is what the winning party [전체 읽기]
Toronto, Vancouver home sales slump as buyers and sellers wait on sidelines | The Globe and Mail
Sales have tumbled in Canada’s two most expensive housing markets as buyers and sellers sit on the sidelines waiting to see whether each region is heading toward stability or continuing volatility. Residential sales volume last month fell 22 per cent in the Greater Toronto Area, compared with May, 2017, while the number of properties changing hands in Greater Vancouver dropped 35 per cent. [기사 전문 ↓] Source: Toronto, Vancouver home [전체 읽기]
I want to buy a house that has a tenant but I don’t want to be a landlord | The Star
As the owner, you are allowed to evict the tenant if you plan on living in their unit, or allowing a family member to use it. But you or the family member must intend to live there, and you’ll have to provide compensation and sufficient notice. It’s illegal for a homebuyer to evict a tenant under a false claim of the “Landlord’s Own Use” rule. If you evict your tenant [전체 읽기]
Bank of Canada holds key interest rate at 1.25% | The Star
The Bank of Canada kept its key interest rate target on hold Wednesday, but noted the Canadian economy was a little stronger than expected in the first quarter, raising expectations that rate hikes are coming later this year. The central bank held steady its target for the overnight rate — a key financial benchmark that influences the prime lending rates at the country’s big banks — at 1.25 per cent. [전체 읽기]