Many cities in Ontario struggle to keep their downtown areas vibrant and attractive. Having businesses occupy buildings and storefronts presents an image of growth and success that may encourage customers to frequent those areas. It may also attract other businesses and motivate entrepreneurs to establish their companies locally. Empty storefronts do not project that image of stability. Because of this, Toronto is making some changes that may affect owners of commercial real estate within the city.
Some warn sellers to beware of unethical real estate agents
When people decide to put their homes on the market, it may be a conclusion they have come to with some difficulty. Those in Ontario who have lived in their homes for decades may be uncertain about current market trends or how to proceed wisely. One Toronto real estate agent has noticed a disturbing trend in other agents preying upon those uncertain home sellers.
Expert witnesses for insurance companies under judicial fire
When a person in Ontario is injured in a motor vehicle accident, he or she may experience a great deal of pain. In addition to the physical suffering, that person may also have to face the agony of a personal injury trial if his or her insurance company refuses to pay for medical bills, rehabilitation or lost income. During those trials, the victim may be subjected to testimony from expert witnesses whose job is to convince the court that the pain and suffering is not real.
Brain injury recovery may be slow and frustrating
If a loved one suffers a head trauma in a car accident, it is common to feel anxious and worried while watching him or her go through the stages of recovery. Healing from a brain injury may be a slow and frustrating process, both for the victim and his or her family. Because the science of brain injury medicine in Ontario is relatively new, recovery and prospects for the future are unpredictable.
Bidding wars in real estate may not benefit seller
Some real estate agents may recommend that people in Ontario sell their homes in a bidding war. The common thought is that bidding wars bring the highest price for real estate because the home is only available to potential buyers for a limited amount of time, and competition drives the price up quickly. However, some consumer advocates urge sellers to explore all of their options before settling for bidding wars which don't always get the best price for a home.
Real estate predictions for Ontario slightly disappointing
Despite the strong trends in recent home sales, new predictions say next year's market may not be so hot. The Canadian Real Estate Association foresees a decline in transactions by about 2.7 percent in Ontario. Other provinces may see a larger drop, while some may see an increase even higher than this year's record-breaking rate.
