Brian's Ontario Real Estate Blog

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

ARCHIVED BLOG POSTS

2015 

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      Form 127 is the informed consent document.   It should replace all prior types of approaches concerning the issue of documenting the consent of your own client.   The client signs it and the document remains private and confidential as between the parties.
02/16/2015
  What do you think of this?       A husband and wife visit an Open House, They like the property and decide to put in an Offer. The husband is an agent and draws up the papers. There are 7 days for financing and home inspection conditions. The deadline arrives, so the husband delivers the Waiver...
02/16/2015
This new case in the Supreme Courtb of Canada effects all contracts.   The law applies retroactively, so existing listing agreements aqnd existing buyer representation agreements are altered to the extent that they may not be in alignment with the new common law principle.   This is a serious mat...
02/16/2015
Current Discount Mortgage Rates Feb 2015 Variable Rate 2.35% 1 Year 2.89% 2 Year 2.59% 3 Year 2.49% 4 Year 2.84% 5 Year 2.89% 7 Year 3.79% 10 Year 4.39% Prime Rate 3.00% * Rates subject to change and OAC.     Canadian Qualifying Rate Feb 2015 Rate 4.79% Source: Bank of Canada   Current Posted Mo...
02/16/2015
    By Brian Madigan LL.B.The interesting thing about hardwood floors is that it is one of the few improvements that you can make to your house where the resale value may exceed the actual cost of the improvement.There are all kinds of other improvements including renovations and additions to kit...
02/11/2015
By Brian Madigan LL.B.There is an opportunity under the Family Law Act to designate a home as a "matrimonial home".You might think that married couples would wish to avail themselves of this opportunity. However, it's rarely used. In fact, no one bothers.The reason is rather simple. If a property...
02/11/2015
By Brian Madigan LL.B.Everyone has a Will. The problem is that most people don't know where it is. They have never seen it, they never signed it and they don't know what it says.The Ontario Government has written out a generic Will for everyone. It's set out in the Succession Law Reform Act. So f...
02/11/2015
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.69% 2 YEARS 2.94% 2.39% 3 YEARS 3.44% 2.54% 4 YEARS 3.94% 2.64% 5 YEARS 4.79% 2.74% 7 YEARS 6.04% 3.39% 10 YEARS 6.50% 3.84% Rates are subject to change without notice. OAC E&OE   Prime Rate 2.85% 5 yr variable 2.20%  
02/11/2015
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