Is an Office Schedule B Important? $10,000 Fine Says So

Reco Case Study – Schedule B Clauses – Advertising

Our Office Schedule B is a Mandatory Form that must accompany all our Listing Offers.   Every Real Estate Office will have its own version.

If we are the Listing Brokerage – Reco states You Must Use Our Mandatory Schedule B

If you are acting as a Buyer Agent and a Listing Brokerage states they don’t have a Schedule B in their office, that’s fine – we are only responsible for our own Listings.   We do recommend you try and insert the Advertising clause in case you wish to blog or advertise the sale as a buyer broker.

There is a reason Schedule B’s are important – here is one of them:

RECO fine – $10,000  – Overview of the Case

Agent prepared an Agreement of Purchase and Sale on a property with Schedule B and clause with permission to advertise the sale of the property.

During the course of negotiations, the clause for permission to advertise was deleted.

Agent, however, distributes advertisements stating the sale of the property as having been “Sold in 7 Days” and “Sold Over Asking 114%”   See Case Result Below:

Sample Office Schedule B.   
More clauses can be added, we are just covering the basic mandatory clauses below

If you need help with attaching your schedule B or where to locate the document, please don’t hesitate to call our office!

416-896-3333

www.SuttonRealty.com

Family Holiday Events In The GTA!

There are still tons of inexpensive events going on in the GTA this weekend!

We’ve compiled a little list to give you & your family a couple ideas 

Happy Holidays!

Canada’s Most Expensive Homes Sold In 2019

Whether it be a gorgeous, bright and spacious condo with a big city view, or a beachfront property with acres of land… Check out this list of Canada’s most expensive homes sold this year!

Which one would you pick?!

Location: Toronto / Approx. Size: 3,843 Sq Ft. / Price: $10,500,000

Location: Mississauga / Approx. Size: 5,000 + Sq Ft. / Price: $7,400,000

Location: Rothesay, NB / Approx. Size: 29,977 Sq Ft. / Price: $1,100,000

 

Ideas For Your Backyard In The Winter!

Just because there’s snow on the ground and low temperatures outside, doesn’t mean that your backyard has to be ignored this Winter!

Here are a few ideas to heat up your outdoor living space, just in time for the holidays!

Outdoor Fireplace:

Bring on the heat! This is probably the easiest way to be able to enjoy the outdoors while staying cozy beside the fire! Other options include heat lamps or a simple fire pit!

Patio Roof

Imagine a nice cup of tea in the morning, sitting at your favourite patio set that you enjoy during the summer months! All you will need is a little roof cover to stop the snow and ice from falling – Can be used in the summer as well!

Cozy Chair Coverings & Accessories 

Keep warm by adding weather-resistant rugs, blankets and pillows to your patio set!

Colourful & Winter Blooming Plants

Flowers aren’t only for spring & summer! There are certain plants that bloom in the winter! Such as pansies, Japanese quince, dogwood and heather are all very popular!

Outdoor Grilling

Don’t let the snow stop you! Invite your friends over for a winter BBQ feast! Think hearty veggies and meats that will warm you right up!

Lighting

With shorter days and longer, cold nights – lighting is key! Think string lights, solar lights or even candles to brighten up your outdoor space!

Get Active Outdoors!

How fun is your very own skating rink?! Other ways to actively use your backyard space could be a sledding track, snowmen and snow angels… The list is endless and the kids will love it!

 

Looking To Buy, Sell Or Rent In Toronto/GTA Region?

Try Sutton Realty – We Have Agents Standing By To Answer All of Your Questions!

Sutton Group Realty Systems Inc., Brokerage

905-896-3333 / 416-896-333

www.SuttonRealty.com

Condo Owners & Balcony Bylaws

Toronto’s high-rise residences are growing by the day – one of the only ways to have a piece of outdoor living is to have a balcony.

However, balconies can be a bit complicated when you’re looking to add decor, plants, furniture or any sort of appliance.

Here are a few important things to consider:

BBQ’s:

Nothing says summer like a barbecue gettogether! However, most often barbeques are illegal on balconies. Some residents are lucky to have a gas line built-in for a combustible model, while others may not be able to have a grill at all. Not only can propane present a huge fire, smoke, and smell hazard concern for neighbours, but there are also laws that specify how propane tanks can only be moved if a list of criteria is met. It’s also against the law to take them up main elevators!

Cement & Greenery:

Cold, grey stone isn’t exactly inviting, and although tiles and turf designed for outdoors may add warmth to an outdoor space, you will have to check with your condo’s board. A lot of condos have banned these additions due to fire risks from flying cigarette butts. Some buildings have even banned area rugs!

As for your green thumb, you may need to go easy. Although the majority of condos will allow plants, you will need to be mindful of the height and placement, also due to fire hazards. There may also be weight restrictions for large, dirt-filled planters and tall arrangements. Ceiling planters are almost never allowed, so container planting is usually the way to go!

Storage: 

A big complaint amongst downtown Toronto condos and management is the inability to keep bikes on balconies due to the dirt they track in through the unit. There is also a known issue with large stored items on balconies such as cardboard boxes, plastic bins, and shelving. Ensure you know the rules before counting on storing your items outside!

Toronto housing prices on the up amid tightening supply

Demand continues to outpace a dwindling supply of listings

TORONTO’S home prices extended gains in November, and are now accelerating at the fastest annual pace since 2017 as demand continues to outpace a dwindling supply of listings.

Benchmark prices on homes sold in Canada’s biggest city rose 0.6 per cent in November from October, bringing the increase from a year earlier to 6.8 per cent, the Toronto Real Estate Board (TREB) said in a report on Wednesday.

The number of transactions also rose, with sales up 14 per cent from November 2018.
Toronto’s housing market began bouncing back in recent months – driven by a combination of lower mortgage rates and rising population – after almost two years of adjustment to higher taxes and tighter regulations to tame soaring valuations.

While transactions still remain well below records in 2016, when the market was being driven by speculative demand, prices have fully recouped their declines and realtors are cautioning that values could continue rising, given the dearth of listings and supply.

Active listings fell 27 per cent in November from a year earlier, said TREB.

Jason Mercer, the board’s chief market analyst, said in the statement: “Increased competition between buyers has resulted in an acceleration in price growth.

“We expect the rate of price growth to increase further if we see no relief on the listings-supply front.”

Condos have been recording the biggest increases over the past year, with benchmark prices for such homes up 9.5 per cent from a year ago, versus 5.1 per cent gains for single-family detached residences.

The average price of a detached home sold in Toronto last month was C$1.04 million (S$1.07 million), versus C$617,658 for condominiums.

The average price of a home in Toronto and its suburbs rose 7.1 per cent from a year earlier to C$843,637 in November.

That’s still below the peak of nearly C$921,000 set in April 2017, as activity over the past couple of years has shifted to the less-pricey condo segment of the market. BLOOMBERG
Find out the value of your home at www.SuttonHomeValues.com

Check out the Latest Inventory at https://www.itorontocondos.ca/property_find_form_common

East Brampton – Trinity Village Stylish Single & Semi-Detached Homes

East Brampton – Trinity Village Stylish Single & Semi-Detached Homes

Incredible Location & Beautiful Neighbourhood Design!

Prices Starting From $769,990 To Over $1,129,990

Up To 4000 Sq Ft., Close To Highways 407/410, Walking Distance To Public Transit!

15 Minute Walk To Trinity Common Mall & Adjacent To Heart Lake Conservation Area!

Call Today For VIP Info, Price Lists & Floor Plans!
Sutton Group Realty Systems Inc., Brokerage
905-896-3333
www.SuttonRealty.com

A/C In The Summer – Can Landlords Charge More?

We’ve all been there – a heatwave in the middle of the summer. Relying on airconditioning has become much more of a necessity than a luxury.

Does a landlord have the right to charge extra for air conditioning? What if your hydro fees are included in your rent?

In short, yes. But there are a few exceptions to this.

Under section 123 of the Residential Tenancies Act, a landlord is legally allowed to charge you for the use of an air conditioner. This section allows for a landlord to increase the rent if both the tenant agrees to the addition of a “prescribed service”. If a clause for extra charges is not in the lease, the landlord must get the tenant to pay an increase in rent but will have to go to the Landlord & Tenant board to enforce it.

If a landlord is to charge for additional electricity, it must be included in the monthly rent cost. It cannot be a lump sum for the entire month, and the maximum increase should amount to the cost of the actual service the landlord is providing. A reasonable amount must be negotiated if the exact price cannot be determined.

An illegal charge would be if a landlord were to charge a tenant for an A/C unit that they did not previously charge for.

If you’ve been asked to pay an illegal charge, you may have it resolved here: http://www.sjto.gov.on.ca/documents/ltb/Tenant%20Applications%20&%20Instructions/T1.pdf    

 

Looking For Your Perfect Rental With No Hidden Fees Or Hassles?

Give Sutton Realty a Call – We Help Every Step Of The Way, We Even Help Landlords!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

 

Santa is Coming to Bloor West Village! Get Your FREE Photo!

Santa is Coming to Bloor West Village!

We’d Like to Invite You Along With Your Family and Friends To Join Us and Meet Santa!!

Saturday Nov 23rd 10am – 2pm

Remember to Stop by our Sutton Office at Bloor & Runnymede
For Candy Cane Treats! 

www.SuttonRealty.com

905-896-3333 / 416-896-3333

Thinking of Selling Your High Park Home?

Businessteam

Receive a Free Market Evaluation on your Home Value Today

Whether Selling, Refinancing or for Tax Purposes, call Your Local Realtor at Sutton.

Call 416-896-3333 or Visit us online at www.SuttonHomeValues.com