Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)

ARCHIVED BLOG POSTS

2011 

Business Financing: Operating the Restaurant Ontario Real Estate Source By Brian Madigan LL.B. You financed the restaurant for a friend or relative, and now it's run into financial difficulty. This could be due to a variety of reasons. Maybe the owner didn't have enough experience, maybe it's th...
08/16/2011
Terms Bank Rates Preferred Rates 6 Month 4.45% 4.40% 1 YEAR 3.60% 2.64% 2 YEARS 3.95% 2.99% 3 YEARS 4.35% 3.39% 4 YEARS 5.04% 3.39% 5 YEARS 5.54% 3.49% 7 YEARS 6.44% 4.69% 10 YEARS 6.80% 4.89% Rates are subject to change without notice. *OAC E&OE Prime Rate is 3.00% Variable rate mortgages from ...
08/16/2011
Exceptional Value: Reduced Price! 11 Peel Avenue has now been reduced to $549,999.00 This makes the property an exceptional value for prospective purchasers. Want to know if you can afford it? http://11peelavenuebrampton.wordpress.com/2011/08/15/now-reduced-549999-00/ Contact me at 905-796-8888 ...
08/15/2011
TERM POSTED Preferred RATES 6 Month 4.45% 4.45% 1 Year 3.60% 2.75% 2 Year 3.95% 3.30% 3 Year 4.35% 3.29% 4 Year 5.04% 3.34% 5 Year 5.54% 3.44% 7 Year 6.44% 4.69% 10 Year 6.80% 4.89% Variable Rate 2.20% Prime Rate 3.00% BenchMark Rate 5.39%   Ontario Real Estate Source   Call me at 905-796-8888, ...
08/15/2011
Exceptional Value at $499,000.00 This is a 10 acre property with an 11 year old ranch bungalow overlooking the Nottawasaga Inn golf course.Enjoy the country and board your own horses. Nature trails all within walking or riding distance are closeby.The house is modern with all the amenities. No n...
08/14/2011
  The Planning Act for the Layman   Ontario Real Estate Source   By Brian Madigan LL.B.   How do you create a new lot in Ontario today?   You must comply with the provisions of the Planning Act. Have a look at s.50 in particular. It sets out the rules:   You may convey:   1)     the whole of a l...
08/14/2011
Ontario Real Estate Source   Question:   Who can sell the life interest and future estate? Assume William leaves a life estate to his son Ross and the future interest to his son Donald.   Answer:   Essentially, there are two possibilities, William could have:   1)     set up a trust in his lifeti...
08/14/2011
Express Tenancy-at-will vs. Implied Tenancy-at-will   Ontario Real Estate Source   Question:   What is the difference between the two? Is it that with express tenancy-at-will  there is a written agreement in place?   Answer: In both cases, there is no current tenancy agreement in force between th...
08/12/2011
Subdivision under the Planning Act (Ontario)   Ontario Real Estate Source   By Brian Madigan LL.B.   If you need to know about the division of property in Ontario, you had better have a look at s. 50 (3) of the Planning Act.       Subdivision control   (3)  No person shall convey land by way of a...
08/12/2011
Question:   The Planning Act addresses the fact that any conveyance of land affecting the right of the land for more than a 21-year period is invalid except for certain circumstances.    Answer:   The 21 years presents itself in a rather peculiar way. You can sell without a consent under the Plan...
08/12/2011
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Brian Madigan

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