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 

Terms Preferred Rates Our Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.89% 2.29% 2 YEARS 2.84% 2.24% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.44% 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%  
11/23/2015
Conditions Subsequent do not require Paperwork QUESTION:There is a condition subsequent in a lease, where reference check condition "will be deemed waived if written notification to the contrary is not delivered ..." etc.If the reference check is NOT satisfactory, what notice is required?There is...
11/22/2015
Moving to the Second Buyer without a Release Question:I accepted an offer on November 22nd which was conditional until November 30th on financing, inspection, insurance and status certificate.The inspection is conducted and no waivers come in on the 30th. mes. He keeps saying he'll bring it. The ...
11/22/2015
Meaning of Rentable SpaceQuestion: Which one of these would be accurate? 1. rentable space is the tenant’s space plus the common areas.2. useable space is the tenant’s space plus the common area. Answer: #1 would be correct.The tenant uses certain space themselves, that's the "useable space".Ther...
11/22/2015
Fixed term preferred rates & posted rates as of November 21, 20156 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.24%          2.84%3yr                                     2.34%          ...
11/22/2015
Attorney (with POA) and Seller both to signQuestion:Should the Attorney (appointed under a POA) and the Seller both Sign the Agreement? Would that not offer further protection for an Agent? Answer:I think there is an issue here. Presumably, the Seller signed a POA in order to delegate to someone ...
11/21/2015
Understanding “Survive and Not Merge” Question:What is the meaning of the following statement:“This representation and warranty shall survive and not merge on completion of this transaction”. Answer:The doctrine of merger is a legal principle associated with making things “simpler”.The doctrine g...
11/21/2015
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.53%Canada Housing 12/15/20 [-0.01]       5 Year - 0.93%CAN 0.75 09/01/20 [-0.02]       0.79% [-]                       10 Year - 2.24%Canada Housing 12/15/25 [-0.01]       10 Year - 1.62%CAN 2.25 06/01...
11/19/2015
Fixed term preferred rates & posted rates as of November 17, 20156 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.24%          2.84%3yr                                     2.34%          ...
11/17/2015
  TERM POSTED Preferred RATES* Open 1 Year 6.30% - Fixed 1 Year 2.89% 2.29% Fixed 2 Year 2.84% 2.19% Fixed 3 Year 3.39% 2.20% Fixed 4 Year 3.89% 2.49% Fixed 5 Year 4.64% 2.54% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.60% Variable Rate 2.15% Prime Rate 2.70% Benchmark Rate 4.64% Cost per $1...
11/15/2015
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Brian Madigan

LL.B., Broker
local_phone(416) 745-2300
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