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Surreal Estate: $5.8 million for a Collingwood hockey haven with its own rink and sports bar



Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: dressing room

Location: Collingwood
Price: $5,850,000
Bedrooms: 3+1
Bathrooms: 3+1
Parking spaces: 11
Daena Allen-Noxon

The place

A one-of-a-kind two-house family estate with a sports bar, a dressing room and a 14-by-29-metre ice rink. Standing on a 25-acre lot in the ski town of Collingwood, this hockey fan’s paradise has been featured on Sportsnet’s Hometown Hockey with Ron MacLean.

The history

In 2013, a family of four built two houses on this huge property: one for living and one for leisure. They fashioned the main home as a winter chalet and built a rink in the second one to host birthday parties, friendly hockey games and fundraisers for charities such as Big Brothers Big Sisters of Canada—all while celebrating the country’s favourite sport.


Now that the kids have moved out, the parents are looking to sell the entire complex and downsize. Realtor Daena Allen-Noxon has fielded several calls from families with hockey-playing kids and even a few from hockey academies looking for new training facilities. “The scarcity of ice time in Ontario adds to the property’s appeal,” says Allen-Noxon.

Related: $3.9 million for a Huntsville home with a unique, award-winning design

The tour

The main house borders the Osler Bluff Ski Club and has access to a network of forested trails for skiing and snowshoeing. It has a sprawling front deck and an attached garage. 

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: facade

The foyer serves as a mudroom for snowy boots and leads to the powder room.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: foyer

Moving down the hall reveals the living room. The owners placed their dining table here to watch evening hockey games on that big-screen TV above the fireplace.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: living room

Here’s the kitchen, which comes with stainless steel appliances, plenty of storage, a marble peninsula and a bespoke hanging hood fan.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: kitchen

This reverse view shows off the custom oak cabinets, which accommodate a second sink and a coffee station.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: kitchen storage

Upstairs, there are five bedrooms. The main suite overlooks the front yard.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: main suite

This is the main bathroom, equipped with an elevated marble tub flanked by corner windows and a glass shower with a rainfall head.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: bathroom

Another bedroom features a massive bunk bed unit.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: bedroom

The home also has a finished basement with a fireplace, a guest bedroom and, yes, another giant TV.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: basement

The adjacent games room leads to the manicured side yard and deck via french doors.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: games room

Here’s a view of the entire property. Next up: an inside look at the leisure house up the path.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: aerial view

The leisure house’s crown jewel is its wood-and-polyethylene rink—covered with ice in the winter and transformed into a pickleball court for the summer.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: rink

Guests can take in games from this viewing gallery with its own kitchen, bar, TV and stone fireplace.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: viewing gallery

Another view of the gallery.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: bar

Above the rink is a dramatic loft with a wall-to-wall couch, an 80-inch TV and a ping-pong table as well as a gabled recess that currently holds an office.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: office

Post-game, players can relax in this state-of-the-art steam room.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: steam room

Here, even the bathrooms are peak Canadiana.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: leisure house bathroom

Next to the rink are a few essential amenities: a stainless steel fridge for Gatorade and a pinball machine to loosen up pre-game.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: pre-game amenities

The owners built a full dressing room, with rubber floors for skates and enough stations to host an entire hockey team.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: dressing room

And, yes, the place comes with a brand-new ice resurfacer.

Toronto, Real Estate, Surreal Estate, Collingwood Hockey Home: Zamboni

Have a home that’s about to hit the market? Send your property to [email protected].



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Donald Trump's real estate fraud trial begins in New York: What you missed. – USA TODAY



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Hong Kong shares drop 3%, dragged down by real estate and energy



Hong Kong’s Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sectors.

The benchmark index’s loss of over 500 points is a significant decline, Everbright Securities’ Kenny Ng told CNBC via e-mail.

“On one hand, this was driven by profit-taking following a 400-point rise last Friday,” the securities strategist explained. “Additionally, the US dollar index has remained relatively strong, exerting downward pressure on the Hong Kong stock market.”

The index was last trading down 3.16% after coming back from a holiday on Monday.


Ng highlighted how property stocks were among the largest decliners Tuesday, given the high-interest environment.

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Hang Seng Index
*Data is delayed | Exchange | HKD
17,305.40quote price arrow down-504.26 (-2.83%)

Hong Kong listed property stocks were firmly in the red. Country Garden Holdings plunged 7.67%, leading losses in the sector, while Longfor Group Holdings lost 4.82%. New World Development shed 6.69%, and Henderson Land Development traded 6.15% lower.

“Coupled with the relatively sluggish mainland Chinese real estate market, it is expected that this sector will continue to face downward pressure in the short term,” Ng added.

China’s property market has struggled with faltering consumer confidence, as property giants Evergrande and Country Garden were mired in debt problems.

Separately, beleaguered Chinese property giant Evergrande resumed trading in Hong Kong. Shares have been volatile since resuming trade in late August following a 17-month suspension. The stock rose 22% in early trade. The firm’s EV unit also halted trading Tuesday.

Energy stocks also posted losses, with PetroChina losing 5.93% and China Petroleum & Chemical Corp dipping 5.14%.


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Toronto real estate class-action could affect billions of dollars in commissions



A Federal Court judge on Sept. 25 allowed a class-action lawsuit alleging home sellers in the Toronto area have been forced to pay artificially inflated commissions for years. The lawsuit alleges major brokers and real estate organizations in Toronto implemented rules that essentially stifled competition for buyer brokerage services, leading to higher prices. But what exactly is buyer brokerage and what is its role in the potentially landmark lawsuit? The Financial Post’s Shantaé Campbell explains.

What does ‘buyer brokerage’ mean?

Buyer brokerage refers to a real estate agreement where a broker represents the buyer in a property transaction, in contrast to the traditional setup in which brokers primarily represented sellers. The shift toward buyer representation began in the 1990s in Canada, leading to the development of buyer agency agreements, allowing buyers to have exclusive representation in the homebuying process.


This transformation prompted the creation of specific legislations and regulations by provincial governments and real estate regulatory bodies in Canada, such as the Real Estate Council of Ontario (RECO), the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB).


These rules and protocols serve to formalize and oversee buyer brokerage relationships by instituting a framework governing duties, responsibilities, disclosure, consent and confidentiality.


Where do commissions come in?

Nationwide, commission structures for real estate agents and brokerages typically involve a percentage-based commission derived from a home’s sale price, but the rates vary.

In Toronto, the prevalent rate is five per cent on the entire sale amount and it is customary for the seller to pay the commission on a property sale, which is subsequently divided between the representatives of the seller and the buyer.

For example, if a home sells for $1 million with a commission of five per cent, the total commission amounts to $50,000. This sum, paid by the seller, is generally shared equally between the seller’s and buyer’s agents, each receiving $25,000. However, the precise division can fluctuate, being contingent on the agreement established between the seller and their agent.


Why are commissions split this way?

According to CREA, the organization does not mandate a specific commission split or dictate how commission should be allocated between the listing and buyers’ realtors.


Rule in CREA’s by-laws and rules states: “The listing realtor member agrees to pay to the co-operating (i.e. buyer’s) realtor member compensation for the cooperative selling of the property. An offer of compensation of zero is not acceptable.”


In an email, RECO said commission rates are not fixed. “Commission rates are not set or approved by the Real Estate Council of Ontario, government authorities, real estate associations or real estate boards,” it said.

While five per cent is considered the “standard” commission in Ontario, the origins of that figure are unclear.


The splitting of commission between the buyer’s and seller’s agents is nonetheless a well-established practice in real estate designed to promote cooperation, balance and fairness within the industry. The idea is that a shared commission incentivizes buyer agents to introduce more potential buyers to the home, leading to a faster and possibly more profitable sale.


Furthermore, the commission model serves to reduce potential conflicts of interest by eliminating the buyer’s direct financial obligation to their agent, preventing undue pressure on buyers and ensuring accessibility to agent services.


Why is this a problem?

The lawsuit lodged by plaintiff Mark Sunderland against defendants TRREB, CREA and various real estate brokerages contends that an arrangement known as the ‘buyer brokerage commission rule’ has been in effect since at least March 2010.

Sunderland’s lawsuit posits that this arrangement has impeded market competition, compelling sellers to incur costs they would not otherwise bear in the absence of such an agreement. Furthermore, it contends that this setup precludes the negotiation of price and quality of the service.

In a study sponsored by Kalloghlian Myers LLP — the legal firm that submitted Sunderland’s lawsuit — expert witness Dr. Panle Jia Barwick, a specialist in the economic structure of real estate commissions, argues that the “buyer brokerage commission rule” incentivizes buyer brokerages to direct buyers away from properties where sellers offer below-average commissions.


Barwick says that even without formal policies mandating uniform rates, brokers, reliant on peer co-operation to draw buyers to properties, can help uphold a standard commission rate locally, especially for buyers’ brokers.


Michael G. Osborne, an attorney who specializes in antitrust and competition law at Cozen O’Connor in Toronto, says that from a competition point of view, there is a potential issue pertaining to the mechanism wherein brokerages must become members of CREA and TRREB to operate. Essentially, though Broker A and Broker B have no direct written agreement between them, by aligning with an association’s rules they can be seen by the Competition Bureau to be operating under an indirect “hub and spoke” agreement.

However, this issue has not yet been litigated in Canada and isn’t addressed in the most-recent decision.


How much is at stake in the lawsuit?

Kalloghlian Myers LLP is seeking compensation for anyone who has sold a home since 2010, though they have not yet put an overall dollar value on what they are seeking.

If every transaction covered by TRREB is affected, the sums involved could be substantial.

According to annual sales and average price figures on TRREB’s website, more than $880 billion in residential real estate changed hands between 2010 and 2022. Five per cent commission on those sales would amount to $44 billion, with as much as half going to buyer brokerages.

Can home sellers participate in the lawsuit?

In a class-action lawsuit, individuals who are similarly affected are generally automatically included, meaning there’s usually no need to actively “get in on” the lawsuit. If the ruling is in favour of the class, affected individuals will be notified about their entitlements. The duration of such lawsuits can vary widely, depending on the complexities involved and the legal pathways taken.

The next step will likely involve an appeal from the defendants against the decision to proceed with the lawsuit, followed by a motion for class-action certification. The defendants have 30 days to appeal the verdict. Absent an appeal, the court will determine whether the case qualifies for class action certification. Succeeding here would lead to a trial to determine whether the brokerage agreement constituted an illicit conspiracy.


Should compensation be awarded, the distribution could take several years.



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