ARCHIVED BLOG POSTS
2011
Ontario Real Estate Source By Brian Madigan LL.B. This is a case which involves the discussion of the Seller Property Information Statement (SPIS) and its effect on the outcome of a proposed real estate transaction. A review of the case will be limited to the SPIS issue.Briefly, Mr, and Mrs Royt...
04/16/2011
8
Comments
Metes and Bounds Legal Description Explained Ontario Real Estate Source By Brian Madigan LL.B. I see that many real estate professionals continue to experience difficulty understanding "metes and bounds". So, here's a simple way to approach the subject. I'm going to ask you to describe a certain...
04/16/2011
SPIS ~ Weinman and Brinkman Ontario Real Estate Source By Brian Madigan LL.B.This was a Small Claims Court decision in Toronto involving the use of the Seller Property Information Statement.Briefly, the purchaser acquired a real estate property (416 St. Clement's Ave.) in Toronto from the vend...
04/15/2011
Manufacture of Illegal Substance ~ Warranty Ineffective ONTARIO REAL ESTATE SOURCE By Brian Madigan LL.B. These types of clauses are commonplace. However, as of 13 April 2011, they are probably "worthless". Here is a warranty that you will often find in an Agreement of Purchase and Sale: "No Gr...
04/13/2011
0
Comments
April 13th, 2011 Prime Rate: 3.00% 1yr 2yr 3yr 3yr VIRM 4yr 5yr 5yr VIRM 7yr 10yr Laurentian Bank 2.70 3.35 3.75 Prime-0.55 4.04 4.14 Prime-0.75 5.04 5.29 TD Bank 3.29 3.65 4.00 - 4.14 4.39 Prime-0.65 5.14 5.34 National Bank 3.19 3.55 3.89 - 4.04 4.24 Prime-...
04/13/2011
SPIS ~ Document Reviewed Part 8 ONTARIO REAL ESTATE SOURCE By Brian Madigan LL.B.This is a further continuing review of the Seller Property Information Statement currently in use in Ontario.This section deals with final summary and general comments at the end of the document, sellers' liability, ...
04/12/2011
SPIS ~ Document Reviewed Part 7 ONTARIO REAL ESTATE SOURCE By Brian Madigan LL.B.This is a further continuing review of the Seller Property Information Statement currently in use in Ontario.This section deals with improvements and structural issues. It also deals with wood burning systems, heatin...
04/12/2011
1
Comments
Terms Bank Rates Preferred Rates 6 Month 4.45% 4.40% 1 YEAR 3.70% 2.64% 2 YEARS 4.05% 3.55% 3 YEARS 4.55% 3.69% 4 YEARS 5.19% 3.79% 5 YEARS 5.69% 4.04% 7 YEARS 6.49% 4.99% 10 YEARS 6.85% 4.99% Rates are subject to change without notice. *OAC E&OE Prime Rate is 3.00% Variable rate mortgages from ...
04/12/2011
Seller Property Information Statement ~ Document Reviewed Part 2 Ontario Real Estate Source By Brian Madigan LL.B.This is a fairly controversial statement. It is relatively commonplace is some jurisdictions and among the members of different real estate boards. There is no standard practice in On...
04/09/2011
SPIS ~ Document Reviewed Part 6 Ontario Real Estate Source By Brian Madigan LL.B.This is a further continuing review of the Seller Property Information Statement currently in use in Ontario.This section deals with both improvements and structural issues. It also deals with insulation and Fire Cod...
04/09/2011
Rainmaker
1,598,322
1,598,322
Brian Madigan
LL.B., Broker
Real Estate Resources
Markets, Finance and Law related to real estate, estate planning and personal financial investment opportunities