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 

Preventing Disaster if the Renovator Goes Bankrupt  Bankrupt Renovator - Runs out of Money   Recently, there have been reports about a renovation building contractor who ran into financial difficulty and has left as many as 15 families in a mess with partially completed projects.   This article i...
03/31/2016
  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%
03/30/2016
Assume that you are the Listing Agent in Ontario. You have sold a home. It has not closed. Buyer has 2-3 visits remaining before closing.1) do you have to accompany the buyer each time? 2) does a licensed registrant have to be in attendance? 3) can anyone accompany the buyers, not licensed? 4) ca...
03/29/2016
Assume that you are the Listing Agent in Ontario. You have sold a home. It has not closed. Buyer has 2-3 visits remaining before closing.1) do you have to accompany the buyer each time? 2) does a licensed registrant have to be in attendance? 3) can anyone accompany the buyers, not licensed? 4) ca...
03/29/2016
Assume that you are the Listing Agent in Ontario. You have sold a home. It has not closed. Buyer has 2-3 visits remaining before closing.1) do you have to accompany the buyer each time? 2) does a licensed registrant have to be in attendance? 3) can anyone accompany the buyers, not licensed? 4) ca...
03/29/2016
Assume that you are the Listing Agent in Ontario. You have sold a home. It has not closed. Buyer has 2-3 visits remaining before closing.1) do you have to accompany the buyer each time?2) does a licensed registrant have to be in attendance?3) can anyone accompany the buyers, not licensed?4) can t...
03/29/2016
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.29% 2 YEARS 2.84% 2.19% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.49% 5 YEARS 4.64% 2.64% 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%  
03/29/2016
 Mortgage Rates1yr-2.89%2yr-2.59%3yr-2.74%4yr-2.87%5yr-2.50%5 year variable 2.05%If you would like a referral to a mortgage broker, then please contact me. Brian R. Madigan, LL.B., Broker   RE/MAX West Realty Inc., Brokerage 416-745-2300 (office) BRMadigan@Rogers.com (e-mail) www.iSourceRealEstat...
03/27/2016
Registering an Offer in OntarioQuestion: What does registering an Offer mean? Answer:This is a term which causes confusion. The difficulty in part arises by reason of the fact that there is no such thing as “registration” of an Offer. We use that term frequently, and everyone in the business seem...
03/27/2016
Getting an Opportunity to Present an OfferQuestion:I showed a property a few days ago that was holding offers for 10 days.I was able to contact the Listing Agent and he was not co-operative at all, but I now understand that Offer date may be in 5 days, not 10.How would you handle this?Answer:So f...
03/26/2016
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BrianMadigan

LL.B., Broker
local_phone(416) 745-2300
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