ARCHIVED BLOG POSTS
2011
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Terms Posted Rates Preferred Rates 6 MONTHS 4.45% 4.40% 1 YEAR 3.50% 2.75% 2 YEARS 3.55% 2.99% 3 YEARS 4.05% 3.19% 4 YEARS 4.79% 3.19% 5 YEARS 5.29% 3.49% 7 YEARS 6.35% 4.49% 10 YEARS 6.75% 4.79% Rates are subject to change without notice. *OAC E&OE Other Rates: CURRENT PRIME RATE IS 3.00% PRO...
11/28/2011
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Syndicates in Ontario Ontario Real Estate Source By Brian Madigan LL.B. Syndicates in Ontario are rather sophisticated business relationships. Generally, the focus is limited liability. In its setup, it’s not dissimilar to a limited liability partnership. The key difference will be disparity bet...
11/27/2011
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Joint Ventures in Ontario Ontario Real Estate Source By Brian Madigan LL.B. The joint venture is a somewhat more sophisticated business arrangement. It is not a separate legal entity, but rather simply a contractual relationship between various participating parties. Usually, it will be clear th...
11/27/2011
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Trusts for Business Operations in Ontario Ontario Real Estate Source By Brian Madigan LL.B. Although it is a less common choice, a trust can be utilized for business purposes. Often, the trust arrangement is employed for use in family situations, for estate planning and the administration on var...
11/27/2011
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Business Corporations in Ontario Ontario Real Estate Source By Brian Madigan LL.B. When people decide to engage in some sort of business enterprise, there’s usually a limit or a cap that they want to place on their losses. The best way to achieve this is to incorporate a separate legal entity. I...
11/27/2011
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Limited Liability Partnerships Ontario Real Estate Source By Brian Madigan LL.B. It is important to note that in Ontario there are Limited Liability Partnerships. This is often helpful for those wishing to raise capital for a real estate project. The usual rule concerning liability is that all p...
11/27/2011
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Partnerships in Ontario Ontario Real Estate Source By Brian Madigan LL.B. When two or more people choose to go into business, they often consider a partnership. Their relationship will be governed under the Partnership Act. In law, the partnership is not a separate legal entity. It is a business...
11/27/2011
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Sole Proprietorships Ontario Real Estate Source By Brian Madigan LL.B. This is the simplest form of business enterprise available. Someone just starts up and engages in some sort of business enterprise using their own name. Profits and losses are reported on the individual’s own income tax retur...
11/27/2011
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Terms Bank Rates Preferred Rates 6 Month 4.45% 4.40% 1 YEAR 3.50% 2.89% 2 YEARS 3.55% 2.49% 3 YEARS 4.05% 3.09% 4 YEARS 4.79% 3.19% 5 YEARS 5.29% 3.39% 7 YEARS 6.35% 4.49% 10 YEARS 6.75% 4.79% Rates are subject to change without notice. *OAC E&OE ONTARIO REAL ESTATE SOURCE
11/21/2011
Equal Right of Possession is not an “Equal Interest” Ontario Real Estate Source By Brian Madigan LL.B. Question John and Bob own a property as joint tenants. Bob is away travelling in Europe, so John and his spouse Mary move into the property. Unfortunately, John dies. Who then owns the property...
11/21/2011
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