Real Estate News
Difficulties for visiting a house for sale: How to resolve them?
When a multi-unit building owner intends to sell his property, his first concern is to ensure the collaboration of his tenants for the taking of photos and the visit of potential buyers. However, many tenants make this portion of the sale very difficult and painful to the point of having to judicialize the problem.
Canadian housing starts trend lower in May
The trend in housing starts was 254,727 units in May, down from 257,833 units in April, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
Canadian home sales slow again in May
National home sales fell by 8.6% on a month-over-month basis in May.
Actual (not seasonally adjusted) monthly activity came in 21.7% below the May record set in 2021.
The number of newly listed properties was up 4.5% month-over-month.
The MLS® Home Price Index (HPI) edged down 0.8% month-over-month but was still up 19.8% year-over-year.
The actual (not seasonally adjusted) national average sale price posted a 3.4% year-over-year gain in May.
Most common property insurance claims
Some types of claims are beyond our control. But did you know that some losses can be prevented? The Personal, the auto, home and business insurer, presents you some of the most common causes of home insurance claims, and some proven tips that can help prevent them.
A tenant fails in his lawsuit for damages with interest for an alleged repossession of housing in bad faith
The tenant sues the landlord for damages with interest of $25,000 on the grounds that he was the victim of a repossession of a dwelling in bad faith. At the hearing the tenant stated that he was seeking moral damages of $3,000, $7,000 in material damages and $15,000 in punitive damages.
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