ARCHIVED BLOG POSTS
2011
RECO’s Jurisdiction over Consumer Protection Act Ontario Real Estate Source By Brian Madigan LL.B. The Real Estate Council of Ontario has jurisdiction to deal with registered real estate professionals under every piece of Ontario legislation, not just the Real Estate and Business Brokers Act, 200...
12/18/2011
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Should You List in December? (2011 version) By Brian Madigan LL.B. (Ontario Real Estate Source) This is an interesting question. I wrote about this last year, and here is the one year update. The statistics will demonstrate that historically, December is not a good month for real estate sales. ...
12/14/2011
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Trade Up with your Car Insurance Savings Ontario Real Estate Source By Brian Madigan LL.B. There is something wrong with Ontario’s car insurance system. One of the factors used to determine the rates is the insured’s neighbourhood. It’s just one factor, but it’s a major factor. The NDP (New Democ...
12/13/2011
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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% 2.84% 3 YEARS 4.05% 2.99% 4 YEARS 4.79% 3.19% 5 YEARS 5.29% 3.39% 7 YEARS 6.35% 3.89% 10 YEARS 6.75% 4.39% Rates are subject to change without notice. *OAC E&OE Other Rates: CURRENT PRIME RATE IS 3.00% PRO...
12/13/2011
Should a homeowner holdback the 10% under the Construction Lien Act? Ontario Real Estate Source By Brian Madigan LL.B. Question: Should a homeowner holdback the 10% under the Construction Lien Act? Answer: Many contractors will appear shocked and surprised when a homeowner raises the Constr...
12/13/2011
When does the Consumer Protection Act apply to a real estate transaction? Ontario Real Estate Source By Brian Madigan LL.B. Question: When does the Consumer Protection Act apply to a real estate transaction? Answer: The listing agreement, and the buyer's representation agreement both fall under t...
12/13/2011
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TERM POSTED Preferred RATES* 6 Month 4.45% 4.45% 1 Year 3.50% 2.75% 2 Year 3.55% 2.89% 3 Year 4.05% 2.99% 4 Year 4.79% 3.19% 5 Year 5.29% 3.24% 7 Year 6.35% 3.99% 10 Year 6.75% 4.49% Variable Rate 2.85% Prime Rate 3.00% BenchMark Rate 5.29% Cost per $1000 $4.86
12/12/2011
Agreement of Purchase and Sale ~ 2012 Changes (Tender) Ontario Real Estate Source By Brian Madigan LL.B. It is important to stay up to date with respect to the Forms. There are some new changes to the standard Form Agreement of Purchase and Sale. The Real Estate and Business Brokers Act...
12/11/2011
Agreement of Purchase and Sale ~ 2012 Changes (Chattels etc.) Ontario Real Estate Source By Brian Madigan LL.B. It is important to stay up to date with respect to the Forms. There are some new changes to the standard Form Agreement of Purchase and Sale. The Real Estate and Business Brokers Act, 2...
12/11/2011
Agreement of Purchase and Sale ~ 2012 Changes Ontario Real Estate Source By Brian Madigan LL.B. It is important to stay up to date with respect to the Forms. There are some new changes to the standard Form Agreement of Purchase and Sale. The Real Estate and Business Brokers Act, 2002 imposes an o...
12/11/2011
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Brian Madigan
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