Brian's Ontario Real Estate Blog

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

ARCHIVED BLOG POSTS

2016 

Central Vacuum System in Disrepair (Remedies #2) Question:An Agreement of Purchase and Sale contains the following warranty:"all chattels and fixtures shall be in good working order of the  closing date"A Professional Home Inspector delivers a written report indicating that in his opinion the cen...
01/31/2016
Electronic Commerce Act Contract Reference (Required or Not?)The following is wording that you will find in numerous real estate related documents:"The parties hereto consent and agree to the use of electronic signature pursuant to the Electronic Commerce Act 2000, S.O. 2000, c17 as amended from ...
01/31/2016
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%
01/31/2016
Is a Lease a Chattel or a Fixture?     Question: Is a Lease a Chattel or a Fixture? Answer: Quite clearly, for over 1,000 years a lease has been a chattel, but it doesn’t come easily to mind. You will appreciate that a Lease as a Chattel is not your normal, average, everyday chattel. If you sell...
01/31/2016
Who Orders the Status Certificate?Question:Whose responsibility is it to obtain the Status Certificate? The Buyer’s lawyer, the Seller, the Seller’s Agent, the Buyer’s agent.I just had one, where I thought that my buyer client’s lawyer had ordered one. He hadn’t and now we are late.What went wron...
01/30/2016
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.20%Canada Housing 06/15/21 [-0.04]       5 Year - 0.66%CAN 0.75 09/01/20 [-0.02]       0.81% [-]                       10 Year - 1.87%Canada Housing 12/15/25 [-0.06]       10 Year - 1.19%CAN 2.25 06/01...
01/28/2016
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%
01/27/2016
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%
01/26/2016
Central Vacuum System in Disrepair (Remedies)   Question: An Agreement of Purchase and Sale contains the following warranty: "all chattels shall be in good working order of the  closing date" A Professional Home Inspector delivers a written report indicating that in his opinion the central vacuu...
01/25/2016
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% 2.54% Fixed 5 Year 4.64% 2.59% 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 $100...
01/25/2016
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BrianMadigan

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local_phone(416) 745-2300
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