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 

1yr-2.89%2yr-2.59%3yr-2.74%4yr-2.87%5yr-2.50%5 year variable 2.05% If you require a referral to a mortgage broker, then please contact me. Brian R. Madigan, LL.B., Broker RE/MAX West Realty Inc., Brokerage416-745-2300 (office) BRMadigan@Rogers.com (e-mail) www.iSourceRealEstate.com (web)
11/30/2015
Under discussion at the moment is the matter of designated agency. It is being suggested as a possible solution to some current agency problems.Before we look at it designated agency, let’s understand the context.A brokerage firm is entitled to act as an agent for both buyers and sellers under th...
11/29/2015
Question:Just had a conversation with the Listing agent. The property closed, and then it turns out that the furnace and air conditioner are leased.Wouldn't the buyer's lawyer check this out on title search etc. The Listing agent said sellers didn't tell her it was leased. Who is at fault? Answer...
11/29/2015
Fixed term best discounted preferred rates & posted rates as of November 29, 2015 6 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.24%          2.84%3yr                                   ...
11/29/2015
Here are selected mortgage rates in the Toronto and GTA area: 1yr-2.89%2yr-2.59%3yr-2.74%4yr-2.87%5yr-2.50%5 year variable 2.05% Please contact me if yiou woud like to discuss the rates, your qualifications, or if you would like a referral to a mortgage broker.  Brian R. Madigan, LL.B., Broker   ...
11/29/2015
Question:Is the signature of the Broker of Record or Manager of a Brokerage required for a Mutual Release in order to release the deposit? Answer:This is a rather interesting question. It requires an interpretation of the terms of the Listing Agreement.If the deposit paid is to be returned to the...
11/29/2015
 Waivers and Notices of FulfillmentsThe Notice of Fulfillment was created specifically to firm up a transaction that included a True Condition Precedent like a property severance. You can't really just waive this. You don't have the severance and you can't buy half the property. That was truly al...
11/29/2015
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.52%Canada Housing 06/15/21 [-0.01]       5 Year - 0.90%CAN 0.75 09/01/20 [-0.01]       0.79% [-]                       10 Year - 2.19%Canada Housing 12/15/25 [-0.02]       10 Year - 1.56%CAN 2.25 06/01...
11/28/2015
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% 2.15% The prime rate is 2.70%
11/26/2015
 Here are selecteed mortgage rates in the Toronto and GTA area: 1yr-2.89%2yr-2.59%3yr-2.74%4yr-2.87%5yr-2.50%5 year variable 2.05% Please contact me if yiou woud like to discuss the rates, your qualifications, or if you would like a referral to a mortgage broker.  Brian R. Madigan, LL.B., Broker ...
11/24/2015
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LL.B., Broker
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