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 

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% 2.69% 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 2.35%
02/28/2016
  Commercial Bond Yields   CMB         GoC         Floating Rate Insured Cost of Funds 5 Year - 1.20%Canada Housing 06/15/21 [-0.01]       5 Year - 0.66%CAN 0.75 09/01/20 [-]       0.82% [-]                       5 Year - 1.30%*Canada Housing 12/15/21 [-0.01]       10 Year - 1.18%CAN 2.25 06/01/...
02/25/2016
  TERM POSTED OUR 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% 2.74% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.20% Prime Rate 2.70% Benchmark Rate 4.64% Cost per $1000 $4...
02/23/2016
 Agent Fails to Check Zoning Status of Adjacent Lands (RECO Discipline)Bill and Martha Smith, the buyers were looking for privacy. They wanted a private backyard that did not back onto other homes. This is something which many buyers seek, property that backed onto parkland, woods or greenspace. ...
02/22/2016
Agent Fails to see SPIS Grow House Disclosure (RECO Discipline)We have a property that used to be a grow house. We have the Sellers complete a Seller Property Information Statement, and yet Alvin Presley acts for Martha when she purchases the property without any knowledge that it was ever a form...
02/22/2016
Agent Fails to Verify Utilities for Buyer (RECO Discipline)An investment property was for sale. It was a “student rental”. Victor Chandra, a real estate agent had a very interested Buyer, Bob Smith.One of the key issues in any commercial property is the net income. And, by net income, I mean the ...
02/22/2016
Once a Grow House, it’s still was a Grow House (RECO Discipline)Agent Responsible for False Representation This particular situation is not that complicated. RECO assessed an $11,000.00 fine. This was not a case of foolishness, carelessness, or oversight; this was a case of crafty deception and d...
02/20/2016
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 2.35%  
02/20/2016
Buyer’s Agent Should Double Check Legality of Parking PadThis particular situation is an interesting one. John listed his property for sale with Fred and Wilma of ABC Brokerage.They got things muddled up when it came to the parking pad. For whatever reason, they didn’t check it out particularly w...
02/19/2016
RECO Discipline: Holdover Clauses and Agent Liability The Real Estate Council of Ontario recently considered a case involving a holdover clause.Mr. Jones a sales representative with ABC Brokerage had a listing on a property from 19 November 2005 to 21 March 2006. It provided for a 5% plus GST whi...
02/19/2016
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