ARCHIVED BLOG POSTS
2015
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 1.23%Canada Housing 12/15/20 [-0.07] 5 Year - 0.77%CAN 3.50 03/01/20 [-0.07] 0.95% [-] 10 Year - 2.03%*Canada Housing 12/15/25 [-0.09] 10 Year - 1.44%CAN 2.25 06/0...
07/31/2015
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 2.70% 2.05% The prime rate is 2.70%
07/29/2015
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 2.70% 5 yr variable 2.20%
07/27/2015
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Comments
Completing Form 801 OREA Successfully Form 801 is going to be with us. It has been drafted by the trade association OREA.It could be updated and amended, but right now I am still suggesting that it be used.Please note the following:1) The word “submitted” should be deleted and the word “made” ...
07/26/2015
Let’s set out an overlay of OREA’s terminology over that of RECO:1) 1) Existence2) 2) Evidence3) 3) Made (OVERLOOKED)4) 4) Communication5) 5) Submitted (NEW)6) 6) Received, (DIFFERENT)7) 7) Presented.So, the result of all of this is CONFUSION. The view that OREA has taken is on...
07/26/2015
0
Comments
OREA’s terminology with respect to OffersOREA deals with the issues of:1) Evidence2) Submitted,3) Received, and4) Presented. Don't hesitate to call me if you are having problems with Form 801. Brian R. Madigan, LL.B., Broker RE/MAX West Realty Inc., Brokerage416-745-2300 (office) BRM...
07/26/2015
0
Comments
RECO’s terminology with respect to OffersRECO deals with the issues of:1) Existence2) Made3) Communication4) Received, and5) Presented.No Offer actually exists unless it is in writing and it is signed. At this point, the Offer has been created. It exists. A registrant can refer to ...
07/26/2015
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Comments
Made and Submitted are Two Different Things (Bill 55 Phantom Offers)RECO deals with Offers being “made” and OREA deals with Offers being “submitted”. The difficulty here is that they have two separate and distinct meanings.REBBA 2002 was amended to deal with phantom Offers. Regulations were also ...
07/26/2015
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 1.23%Canada Housing 12/15/20 [-0.04] 5 Year - 0.77%CAN 3.50 03/01/20 [+0.10] 0.95% [-] 10 Year - 2.06%*Canada Housing 12/15/25 [-0.04] 10 Year - 1.48%CAN 2.25 06...
07/23/2015
The Legal Justification for Bad PaperworkWe looked at the issue of reviving old agreements.http://www.isourcerealestate.com/blog/p/reviving-old-agreements-and-making-them-workIf they are dead, then they are dead. That’s easy enough.However, sometimes we are just simply working with “bad paperwork...
07/23/2015
Rainmaker
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Brian Madigan
LL.B., Broker
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