ARCHIVED BLOG POSTS
2009
By Brian Madigan LL.B. There are several important aspects of the blog post. First, of course, is the challenge to write the post in the first place. I have a variety of topics and generally stick to markets, finance, economics and law related to real estate. I receive at least 25 questions weekl...
10/31/2009
Seller Escapes Liability for False and Misleading Disclosure Statement By Brian Madigan LL.B.This was a case heard in the Supreme Court of British Columbia and it involved the Property Condition Disclosure Statement.Briefly, the plaintiff as purchaser acquired a condominium unit for $133,000 bu...
10/30/2009
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The Use of Surveys for Subdivisions in Ontario By Brian Madigan LL.B.Ontario Land Surveyors are called upon to prepare three kinds of surveys for the division of property by subdivision:1) M-Plan,2) Registered Plan,3) Condominium PlanUpon registration in the Land Registry Office, these surveys ...
10/29/2009
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Business Partners ~ The Key to Success By Brian Madigan LL.B.Many entrepreneurs and small business owners frequently search for the key to success. The answer is often quite simple: get the right business partners.There are two types of partners:1) external, outside partners, and2) internal, in...
10/28/2009
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Steps in the Process of Preparing a Survey By Brian Madigan LL.B.When an Ontario Land Surveyor prepares a Surveyor's Real Property Report, there are certain basic steps that must be followed:Research · a search of title of the subject lands · a search of title of the abutting properties · a sea...
10/27/2009
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October 2009 Mortgage Rates By Brian Madigan LL.B.Interest rates are at an all time low. Have a look at the posted rates and the preferred rates. The Bank of Canada prime is 0.25%.Now, might be the time to lock-in, or at the very least secure a pre-approved mortgage commitment.TERM.....POSTED.....
10/27/2009
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The Four Basic Types of Surveys in Ontario By Brian Madigan LL.B.Ontario Land Surveyors are called upon to prepare four basic types of survey:"1)Plans of Subdivision (M-Plan, Registered Plan, Condominium Plan) Upon registration in the Land Registry Office, these surveys divide property into lot...
10/26/2009
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Ontario Land Surveyor's Real Property Report Explained By Brian Madigan LL.B.A Surveyor's Real Property Report is a graphical representation demonstrating the location of all visible public and private improvements in relationship to the boundaries of the property. It is a plan or illustration ...
10/26/2009
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The Seller Property Information Statement in Ontario By Brian Madigan LL.B. A friend and colleague, Bob Aaron writes for the Toronto Star. Here's a link to his recent post about the use of the SPIS document http://www.yourhome.ca/homes/columnsblogs/article/713888--honesty-won-t-resolve-disclosu...
10/25/2009
The Review of Practices and Procedures ~ Toronto Community Housing Corporation By Brian Madigan LL.B. The Toronto Community Housing Corporation announced that it would have a review of its practices and procedures in the wake of the death of Al Gosling. You will recall that Al Gosling was the e...
10/24/2009
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Markets, Finance and Law related to real estate, estate planning and personal financial investment opportunities