Eric  Glazenberg

Eric Glazenberg


Sutton Group-Admiral Realty Inc., Brokerage *

(416) 739-7200
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Eric Glazenberg's blog

Many Toronto Homes Don’t Actually Sell Over Asking

TORONTO, November 25, 2019 - Bidding wars used to be a trademark Toronto strategy for home sellers.  While many realtors continue to brag about the hot real estate market, the reality can look much different – yes, even in the Toronto market.  In a recent Globe and Mail read more | login or register to post comments

10 Things You Need to Know About Bill 145 - The Trust in Real Estate Services Act (TIRESA)

TORONTO, November 22, 2019 - On Tuesday, November 19, 2019, the Minister of Government and Consumer Services, the Honourable Lisa Thompson, introduced Bill 145, the Trust in Real Estate Services Act, 2019. 

Ontario Tribunal Hands Down Ruling in Appeal of Toronto Airbnb Regulations

TORONTO, November 20, 2019 - On October 15, Ontario’s Local Planning Appeal Tribunal (LPAT) concluded an appeal of Toronto’s short-term rental rules brought forth by landlords who charged that the almost two-year-old guidelines restrict their rights as property owners.

On Monday, LPAT delivered its decision. The city’s rules regulating short-term rentals will remain in place.

Co-Ownership of a Property Can Sometimes Get Messy...

TORONTO, November 18, 2019 - When parties co-own real property as joint tenant or tenants-in-common, it can become messy real quick when one of those parties wants to opt out of the co-ownership but the other does not. Matters can get even more complicated when one party is unable or unwilling to buy the other party out or sell their interest.

Ontario's Landlord & Tenant Board - Abusing Authority

TORONTO, November 17, 2019 - In Ontario, the Landlord & Tenant Board, is now resorting to deliberate underhandedness to further frustrate landlords into abandoning their right of due process.

Above Guideline Increase (AGI) applications are taking over a year to set hearing dates and three to five months to issue an order after all parties have agreed.  Is there anyone to complaign to?  will they listen?

Bank of Canada Data Shows That Most Household Debt Stems From Mortgages

TORONTO, November 5, 2019 - New Bank of Canada data show that mortgage debt continues to account for the largest portion of Canada’s household debt balance.

Auditor General Reports That TARION Favors Builders Over Homeowners

Ottawa, November 5, 2019 - Ontario’s new home regulator “favoured the interest of builders over homeowners” with the result that thousands of requests for help from new homeowners were dismissed, says a report by Auditor General Bonnie Lysyk.

TREB Releases October 2019 Market Figures As Reported by GTA REALTORS®

TORONTO, November 5, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB’s MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types.

Bank of Canada holds overnight rate at 1.75%

Vancouver, October 28, 2019 - The Bank of Canada announced today that it would keep it's overnight rate at 1.75%.  The BoC has maintained the current overnight rate since October 2018, when it was increased from 1.50%.

British Columbia steps up action against real estate's 'hidden owners'

Vancouver, October 28, 2019 - The government of British Columbia says it is taking the next step in its fight against money laundering and tax evasion.

The province will now require all private BC businesses to keep detailed records of beneficial owners, a move that aims to crush the ability of those who use anonymous shell companies to hide their assets.

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