ARCHIVED BLOG POSTS
2011
SPIS ~ Karwandy and Sebastien By Brian Madigan LL.B.This is another in the series of improperly completed Property Condition Statements.This was a action heard in the Small Claims Court at Regina Sakatchewan in 2002.In the spring of 2001, Albert Sebastien, sold a quarter section of land with a d...
06/25/2011
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Very Old Tort Law Ontario Real Estate Source By Brian Madigan LL.B. Even prior to the Norman Conquest in 1066, England had a rudimentary system of tort law. Basically, it was an arrangement for compensation or punishment, it doesn't seem entirely clear which was the major objective. And, of cours...
06/24/2011
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Terms Bank Rates Preferred Rates 6 Month 4.45% 4.40% 1 YEAR 3.60% 2.64% 2 YEARS 3.95% 3.30% 3 YEARS 4.25% 3.52% 4 YEARS 4.89% 3.54% 5 YEARS 5.39% 3.59% 7 YEARS 6.29% 4.79% 10 YEARS 6.65% 4.99% Rates are subject to change without notice. *OAC E&OE Prime Rate is 3.00% Variable rate mortgages from ...
06/24/2011
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Tree Removal? Ontario Real Estate Source By Brian Madigan LL.B. Question I have a tree on my property which is about 35 feet high and about 30 years old. I would like to remove it since it's starting to die. I'm not sure whether I own it or the neighbour. It could also be on city property becaus...
06/24/2011
SPIS ~ Usenik and Sidorowicz By Brian Madigan LL.B.This is another case in the line of improperly completed Seller Property Information Statements by vendors.Briefly, the purchaser Rhonda Usenik wanted a good house that was in good condition and largely maintenance free. She saw the vendors prop...
06/24/2011
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What is a Tort? Ontario Real Estate Source By Brian Madigan LL.B. A tort is a civil wrong. It has nothing to do with baked goods, although its origins come from medieval France where roughly translated it means "wrongful act". It is civil rather than criminal. However, at one time there was not ...
06/23/2011
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Terms Posted Rates Preferred Rates 6 MONTHS 4.45% 4.40% 1 YEAR 3.60% 2.64% 2 YEARS 3.95% 3.30% 3 YEARS 4.25% 3.52% 4 YEARS 4.89% 3.54% 5 YEARS 5.39% 3.79% 7 YEARS 6.29% 4.79% 10 YEARS 6.65% 4.99% If you require a referral to a mortgage broker, then please call me at 905-796-8888.
06/20/2011
Question Are the things such as a 'haunted house' or a 'previous crime scene' considered as material facts? These kind of things are psychological only, and, especially, things like a 'haunted house' are basically rumour-based. They have nothing to do with the property itself, but will definitel...
06/19/2011
Question Buyer Jones signs an Agreement of Purchase and Sale to purchase a residential property. He inspected the property prior to submitting his offer and found nothing out of the ordinary. However, when taking possession at closing, he discovers that some water damage has occurred on the lower...
06/18/2011
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Question A client signs a Buyer's Representation Agreement (BRA) stipulating a commission rate of 2.5%. The client ends up buying a NEW home that meets the general description in the BRA. The seller of the new home does not pay commissions. If the client purchases the new home within the effec...
06/18/2011
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