Condo Market Report September-October 2018

19 September 2018
Remax-Condos-Plus

August sales on TREB were 6,800 units, an increase of 8.5% over August of 2017. Sales were also level with those in July which is normal in terms of seasonality. In terms of sales, we have definitely passed the bottom but of most concern is what does the fall market look like? ‘New’ listings in August were 6% higher than August of last year (more supply).


Who Pays Commission When a Deal Doesn't Close

13 September 2018
Remax-Condos-Plus

Making recent news is a Brokerage who is suing for commission from a Seller on a deal that did not close. Agents work on commission but that does not mean that they work for free. For Sellers, when you sign a listing agreement it states that you owe a commission on the successful completion of your sale. What happens if the Seller accepts an offer and the sale does not complete and close?