Brian's Ontario Real Estate Blog

By
Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)

ARCHIVED BLOG POSTS

2015 

Knob and Tube Wiring and Insurance CoverageQuestion:I am dealing with a house with knob and tube. My buyers will replace the knob and tube after they buy the house. Can they get insurance after closing?Answer:They can probably easily arrange coverage after closing once the knob and tube wiring ha...
12/19/2015
Suspected Mould Problem Discovered after Closing Question:Immediately after closing, the Buyer gets the key and goes in to observe the condition of the house. He finds what looks like mould in the hall closet. There was a loose brick on the outside wall where the closet is located, which looked m...
12/19/2015
Chattels and Fixtures Question: How do you tell Chattels from Fixtures? Answer: A common answer from real estate agents will be “turn the house upside down, shake it, and the chattels will fall out.However, is that just “real estate folklore”, or does it make any sense?This “shaking the house bus...
12/19/2015
 RECO’s Options to Discipline or Prosecute Question:  Assuming an agent does something terribly wrong. What kind of penalty can they face? Answer: The correct answer is:1) a warning,2) a suspension,3) a fine,4) a requirement to attend an education program, and5) a provincial offences prosecution ...
12/19/2015
Terms Bank Rates Preferred Rates 6 Month 3.14% 3.10% 1 YEAR 2.89% 2.29% 2 YEARS 2.84% 2.19% 3 YEARS 3.39% 2.25% 4 YEARS 3.89% 2.49% 5 YEARS 4.64% 2.54% 7 YEARS 5.30% 3.39% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. *OAC E&OE Prime Rate is 2.70% Variable rate mortgages from ...
12/18/2015
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.37%Canada Housing 06/15/21 [-0.08]       5 Year - 0.74%CAN 0.75 09/01/20 [-0.07]       0.80% [-]                       10 Year - 2.04%Canada Housing 12/15/25 [-0.09]       10 Year - 1.39%CAN 2.25 06/01...
12/18/2015
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%
12/17/2015
Terms Posted Rates Preferred 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% 2.74% 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 2.30%
12/14/2015
Statutory Duty to Produce List of Assets (Business Sale) Selling a Business   Statutory Obligation to Produce List of Assets (Business Sale)   There is an obligation imposed upon the seller’s agent to produce certain lists of assets, under s. 21 of regulation 567/05 pursuant to the Real Estate an...
12/13/2015
Real Estate Agents and the Bulk Sales ActSelling a Business       A real estate agent who is handling the listing and sale of s a business needs to be familiar with the provisions and application of the Bulk Sales Act to the transaction.   The transaction is also covered particularly under Regula...
12/13/2015
Rainmaker
1,574,303

Brian Madigan

LL.B., Broker
local_phone(416) 745-2300
Contact The Author
Markets, Finance and Law related to real estate, estate planning and personal financial investment opportunities