ARCHIVED BLOG POSTS
2015
Due Diligence under the Bulk Sales ActSelling a Business Identifying the Material Facts (Bulk Sales Act) The real estate practitioner should be aware that in order to close the deal, the seller must deliver Form 4, a Statement of Affairs under the Bulk Sales Act. It deals with the assets t...
12/13/2015
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Sale of Business Affidavit (Ontario)Selling a Business Documenting Due Diligence In order to complete the paperwork associated with the sale of a business, the Ontario Real Estate Association (OREA) has come up with FORM 503. It is designed to provide a guideline summarizing the step by ste...
12/13/2015
Minister of Finance Bill Morneau announced some mortgage changes11 December, 2015. Homebuyers will have to put a 10 per cent down payment on the portion of the price of a home over $500,000.Anything under $500,000 will still only require a five-per-cent down payment.The changes are to take effec...
12/13/2015
Commercial Bond Yields CMB GoC Floating Rate Insured Cost of Funds 5 Year - 1.42%Canada Housing 06/15/21 [-0.05] 5 Year - 0.79%CAN 0.75 09/01/20 [-0.04] 0.80% [-] 10 Year - 2.11%Canada Housing 12/15/25 [-0.03] 10 Year - 1.46%CAN 2.25 06/0...
12/13/2015
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 ...
12/08/2015
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Revocation of Offer QuestionI am wondering about the ability to 'revoke' an offer, once registered. Specifically, if a realtor registers an offer on a property I that I have listed, I tell them to hang onto it as several other realtors are showing the property. I get back to realtor and tell him...
12/07/2015
1yr-2.89%2yr-2.59%3yr-2.74%4yr-2.87%5yr-2.50%5 year variable 2.05% If you would like to discuss rates, or you require a referral to a mortgage broker, then please give me a call: Brian R. Madigan, LL.B., Broker RE/MAX West Realty Inc., Brokerage416-745-2300 (office) BRMadigan@Rogers.com (e-mail) ...
12/06/2015
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This is a good article about surveys and Title Insurance. I see that GeoWarehouse has the same views as I do. In fact, they reference one of my articles about this topic. True or False: Goodbye Land Surveys, Hello Title Insurance? Author: GeoWarehouse May 6, 2015 In today’s real estate worl...
12/06/2015
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November 2015 Report Toronto and GTAHere is the just released report from the Toronto Real Estate Board:“Record Sales in November 2015 TORONTO,December 3, 2015 – Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s ...
12/06/2015
Home Prices in the Greater Toronto Area in 2015 $552,925 January $596,347 February $613,884 March $636,089 April $649,904 May $639,266 June $609,309 July $603,445 August $628,049 S...
12/06/2015
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Brian Madigan
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