Real Estate in the News

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Our weekly wrapup of the important real estate news stories we’re following.

RECO Strategic Business Plan for fiscal 2015 to 2017 –
It’s time to review the Real estate Council of Ontario’s strategic plan for 2015 – 2017 (PDF download).

Ground-breaking Supreme Court decision affects all real estate contracts –
The Supreme Court of Canada recently released a ground-breaking decision, Bhasin v. Hrynew, which articulates newly clarified duties on how the parties to a contract must behave towards each other. The decision has important implications for real estate contracts and the industry in general.

CMHC Housing Outlook Sees Market Slowing Down This Year –
Housing starts are expected to slow in 2015. Will this heat up the resale market?

Questions arise about obligation to disclose whether property has stigma –
Disclosure about a home’s history is a subject many realtors try to avoid. But the ethics of not disclosing serious crimes taking place in the home is covered by the “Code of Ethics” as adhered to by all RECO registrants. See “Stigmatizing Issues” and “Legislation and Regulations” available on the RECO website.