ARCHIVED BLOG POSTS
2016
How to Handle Offers and the Growing Count (Toronto Market 2016)The Toronto resale housing market is relatively “hot”. There is a shortage of supply, and quite a few “buyers” for every property.Offer DayFrom the perspective of the Listing Agent, this can present quite a challenge on “Offer Day”.F...
02/13/2016
Clarity Copies of Unreadable AgreementsFrom time to time, copies of Agreements of Purchase and Sale will simply be unreadable.If you are the real estate agent what should you do?First, they didn’t just start out to be unreadable, they were faxed, scanned, faxed and scanned again. In some cases, s...
02/12/2016
No Deductions From House Value for Notional Real Estate Commissions Let’s assume that Bob and Wilma don’t get along. They have been married for 20 years and for the last 12 years have resided in their present home.Somebody has to go.Let’s assume that the property is worth $1 million and if they w...
02/12/2016
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 1.15%Canada Housing 06/15/21 [+0.08] 5 Year - 0.55%CAN 0.75 09/01/20 [+0.09] 0.82% [-] 10 Year - 1.94%*Canada Housing 9/15/26 [+0.11] 10 Year - 1.07%CAN 2.25 06/01...
02/11/2016
Title Search Date: When Should it Be?Question:What date should be inserted into the Agreement of Purchase and Sale for the Title Search date?Answer:Buyer’s InterestFrom the perspective of the Buyer’s lawyer, you can leave the posted title search date right until closing.Seller’s InterestFrom the ...
02/11/2016
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%
02/10/2016
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% 2.74% 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 $100...
02/09/2016
Chattels and Fixtures The course on the “Law of Attachment: Chattels and Fixtures” will run on 8 February 2016, from 9:30 am to 12:30 pm at Nelson Goulart’s offices, 186 Robert Speck Parkway, Mississauga, Ontario L4Z 3G1.This is a topic which is often misunderstood. It’s not that complicated, bu...
02/07/2016
Surveys, Boundaries and Adverse Possession The course on the “Surveys, Boundaries and Adverse Possession” will run on 8 February 2016, from 1:30 pm to 4:30 pm at Nelson Goulart’s offices, Better Homes and Gardens, Signature 186 Robert Speck Parkway, Mississauga, Ontario L4Z 3G1.What is a survey? ...
02/07/2016
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%
02/07/2016
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