IS THE HOUSE YOUR BUYING A MURDER HOUSE?

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Scary Skulls
Canadian home buyers beware because in Canada, with the exception of Quebec, there is no law in place that forces sellers to disclose information that stigmatizes a property. This means that someone can sell you a home in which a suicide, mass murder or even torture ensued and they have no obligation to let you know about it.

 A 2001 study revealed that houses known to have some sort of dark history attached to them sell for 3% less than they would otherwise, and even more alarming is the fact that they stayed on the market 45% longer as well. This may be the reason why many sellers aren't motivated to disclose this type of information to potential buyers. 

 One may argue that not disclosing this type of information is misleading as it could cause someone to purchase a home they otherwise would not have, or that it may potentially result in a home buyer paying more than they would have for a home had they known. Canadian courts don't see it that way because they follow the rule of caveat emptor, meaning buyer beware. According to this rule the onus is put on the buyer to do their research on the house before they commit to anything. This is logical because the seller wants to sell for as high a price as they can and it wouldn't make sense for them to scare you out of purchasing their property.

 Should disclosure regarding the gruesome history of a home be made mandatory? 
Check out the source; Buyers Beware!




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