ARCHIVED BLOG POSTS
2015
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.89% 2.29% 2 YEARS 2.84% 2.19% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.59% 7 YEARS 5.30% 3.39% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE Prime Rate 2.85% 5 yr variable 2.20%
06/23/2015
0
Comments
Fixed Rate : 1yr-2.89% 2yr-2.59% 3yr-2.74% 4yr-2.87% 5yr-2.50% 5 year variable 2.20%
06/21/2015
1
Comments
Disclosure Dilemma of Listing Agents There are two separate and distinct laws that apply to disclosure when it comes to real estate transactions. There is one law for sellers and another for their “agents”. Seller’s Obligations Sellers are bound by the common law. They must disclose certain defec...
06/21/2015
0
Comments
Offer Presentment (Personally to Seller) An issue which arises on occasion is the presentation of Offers to Sellers. What is really happening here? The property is on the market, a buyer’s representative prepares and Offer and then they just can’t get it in front of the seller. In some way, they ...
06/21/2015
Regulations Concerning Offer Retention The balance of requirements concerning tracking Offers and eliminating phantom offers is set out in the Regulations under REBBA, 2002. Following the recitation of the provisions, I will set out a Commentary and Review. My notes will be in “italics”. Here th...
06/21/2015
0
Comments
Keeping Track of the Offers The Real Estate and Business Brokers Act, 2002 needs to change in order to impose a requirement to keep track of Offers, generally. Up until now, it was only a requirement to keep accepted Offers. This is a copy of the new legislation. My commentary and review will fol...
06/21/2015
Phantom Offers in Ontario (targeted by Bill 55)With the prevalence of bidding wars in Toronto and the GTA, have come “phantom offers”.These are Offers that are imaginary. They don’t exist. Someone has simply alluded to them for the purpose of “pumping up” the bids. Really, there’s nothing more to...
06/21/2015
0
Comments
Fixed term best discounted rates & posted rates as of June 15, 2015 6 mos 3.10% 3.14% 1yr 2.29% 2.89% 2yr 2.19% 2.84% 3yr 2.34% ...
06/20/2015
0
Comments
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 1.47%*Canada Housing 12/15/20 [-0.05] 5 Year - 0.92%CAN 3.50 03/01/20 [-0.04] 0.97% [-] 10 Year - 2.28%*Canada Housing 12/15/25 [-0.06] 10 Year - 1.73%CAN 2.25 0...
06/20/2015
Terms The Bank Preferred Rates 1 Year 3.14% 2.79% 2 Years 3.14% 2.34% 3 Years 3.80% 2.49% 4 Years 4.54% 2.59% 5 Years 4.84% 2.69% 7 Years 5.30% 3.39% 10 Years 6.10% 3.89% VIRM 2.85% 2.20% The prime rate is 2.85%
06/17/2015