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 

Notification of Bully Offer Question:The Seller’s Agent has posted an offer date. Buyer submits bully offer. What are the obligations of the Seller’s Agent, if any, to the other buyer agents who've shown the property?Answer:The legal obligation to provide notification is restricted to those poten...
10/18/2015
Joint Tenancy Issue in OntarioQuestion:Bob and Martha are brother and sister, they were left a house by their mother, as joint tenants.Martha dies. Can you list the property right away, on Bob's instructions?Answer:In Ontario, there are actually eight (8) facts or sets of issues which can affect ...
10/18/2015
Joint Tenancy Issue in OntarioQuestion:Bob and Martha are brother and sister, they were left a house by their mother, as joint tenants.Martha dies. Can you list the property right away, on Bob's instructions?Answer:In Ontario, there are actually eight (8) facts or sets of issues which can affect ...
10/18/2015
  Commercial Bond Yields   CMB         GoC         Floating Rate Insured Cost of Funds 5 Year - 1.42%Canada Housing 06/15/21 [-]       5 Year - 0.80%CAN 0.75 09/01/20 [-]       0.80% [-]                       10 Year - 2.06%Canada Housing 12/15/25 [-0.01]       10 Year - 1.43%CAN 2.25 06/01/25 [...
10/16/2015
TERM POSTED Preferred RATES* 6 month 3.1% 3.1% 1 year 2.89% 2.29% 2 year 2.84% 2.19% 3 year 3.39% 2.25% 4 year 3.89% 2.54% 5 year 4.64% 2.49% 7 year 5.3% 3.44% 10 year 6.75% 3.84% Variable 1.95% Prime 2.7% BenchMark 4.64% Cost per $1,000 $4.47 * Cost per $1000 based on 5yr fixed term rate compou...
10/15/2015
Fixed term and preferred rates & posted rates as of October 13, 20156 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.09%          2.84%3yr                                     2.34%       ...
10/13/2015
Use of Married or Maiden Name?Question:John Smith and Mary Jones bought a condo together when they were living “common-law”. They got married 5 years later and she changed her name to “Mary Smith”. That was 20 years ago and everyone now knows her as Mary Smith. She has changed over all of her leg...
10/11/2015
Sub-Agency is it still relevant? Question:Do you explain Sub-Agency before getting a representation agreement signed?Answer:Have a look at paragraph 4 of the Listing Agreement. It says you just explained sub-agency. And, it also says that you just gave them a handout which explains sub-agency. So...
10/11/2015
  Should You get a Survey or Title Insurance? Actually, it shouldn’t be one or the other. It should be both.One of the problems is that title insurance was marketed as a cheaper alternative to a survey. This is not the case.Right now, a survey of most reasonably sized building lots in southern On...
10/11/2015
Latin Term "A Fortiori" Explained The root of this word is "forte" which means strength. The latin expression "a fortiori" means "stronger".So, from a logical perspective, if "A", then "B". Bill can lift 100 pounds. This object weighs 50 pounds, so Bill can lift it. In legal judgments it is often...
10/10/2015
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Brian Madigan

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