ARCHIVED BLOG POSTS
2011
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Terms Bank Rates Preferred Rates 6 Month 4.45% 3.95% 1 YEAR 3.35% 2.54% 2 YEARS 3.60% 3.15% 3 YEARS 4.15% 3.39% 4 YEARS 4.94% 3.79% 5 YEARS 5.19% 3.69% 7 YEARS 6.09% 4.75% 10 YEARS 6.40% 5.15% Rates are subject to change without notice. *OAC E&OE Prime Rate is 3.00% Variable rate mortgages from ...
01/18/2011
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HST on Chattels Ontario Real Estate Source By Brian Madigan LL.B. NOTE: READER BEWARE The following article is untrue. Tax on Chattels I had written and published several articles to the effect that HST applies to the chattels component in a residential real estate transaction. There was Reta...
01/17/2011
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Yearly Market Movement Ontario Real Estate Source By Brian Madigan LL.B. The Toronto residential housing market has been very active. The question for some investors is when does the market move? And, is it too late? Let's review the ORES Housing Index. It started on 1 January 2005 at base 100. ...
01/17/2011
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Tenant's Fixtures ~ Special Rules Ontario Real Estate Source By Brian Madigan LL.B. There are a series of special rules that apply in the case of tenant's fixtures. If all a tenant's fixtures became attached to the realty and could not be removed, then not too many people would want to become te...
01/17/2011
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Canada's New Mortgage Rules Ontario Real Estate Source By Brian Madigan LL.B. Jim Flaherty, Canada's Minister of Finance announced some changes to mortgage. In an effort to reduce the risk of exposure to rising interest rates, the following changes have been made: 1) the maximum amortization f...
01/17/2011
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Calculating The Tax on Chattels By Brian Madigan LL.B. The Valuation of Appliances For Sales Taxes The valuation of appliances for sales taxes imposed upon a purchaser presents several issues. The first issue is to determine whether the appliances are fixtures or chattels. The second issue is to ...
01/16/2011
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The Tax on Chattels (Ontario Real Estate Source) By Brian Madigan LL.B. NOTE: READER BEWARE The following article is untrue. Tax on Chattels I had written and published several articles to the effect that HST applies to the chattels component in a residential real estate transaction. There wa...
01/15/2011
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Defalcation By Brian Madigan LL.B. (Ontario Real Estate Source) The latin term "defalcation" means "reckless misappropriation". It is a concept that frequently appears in criminal laws, bankruptcy laws and insurance policies. It is a term that describes the conduct of a trustee or a fiduciary c...
01/14/2011
Toronto Market in 2010 ~ Entirely Predictable Ontario Real Estate Source Brian Madigan LL.B. The prices of single family homes in the GTA during 2010 were entirely predictable. The pattern repeats itself year after year with very few exceptions. Here is the monthly "ORES REAL ESTATE INDEX" which...
01/13/2011
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ORES Real Estate Index for December 2010 Ontario Real Estate Source By Brian Madigan LL.B.(Ontario Real Estate Source)Here is the "ORES REAL ESTATE INDEX" which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benc...
01/13/2011
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