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 

Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.33%Canada Housing 06/15/21 [+0.04]       5 Year - 0.86%CAN 3.50 09/01/20 [+0.04]       0.87%                       [-]                        5 Year - 1.44%*Canada Housing 12/15/21 [+0.04]       10 Yea...
04/24/2016
  Can the Buyer Take Back Her Offer? (Part 2) This is actually a question which arises all the time. Some people will say “yes” and others will say “no”. Let’s have a look at the sequence of an Offer. Robert lists his house for sale through Richard at ABC Realty. Wilma is interested as she has be...
04/22/2016
Can the Buyer Take Back Her Offer?This is actually a question which arises all the time. Some people will say “yes” and others will say “no”. Let’s have a look at the sequence of an Offer.Robert lists his house for sale through Richard at ABC Realty.Wilma is interested as she has been looking wit...
04/21/2016
Terms The Bank Prteferred 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%
04/21/2016
Should You Get a Survey?A very substantial error occurred in a real estate transaction. The purchaser was interested in buying a cottage property. As it turned out, the building which she thought she was buying was not really on the lot, although it was closeby.In 1989, Mrs. Holmes purchased a co...
04/20/2016
HST Clause in the Agreement of Purchase and SaleFrom time to time, the HST clause in the Agreement of Purchase and Sale is filled out incorrectly. This could prove to be a big mistake.This is the HST Clause in the standard form Agreement of Purchase and Sale (2016 version):7. HST: If the sale of ...
04/19/2016
Who is Responsible for the Stolen Air Conditioner?Sorry about that. There was no central air-conditioning in the first place. It was simply a mistake. It appeared in the Listing, it was referenced in a Brochure and it was identified in the Agreement of Purchase and Sale.After closing the Buyer as...
04/19/2016
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.29% 2 YEARS 2.84% 2.14% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.49% 5 YEARS 4.64% 2.59% 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%  
04/19/2016
The Agreement is About SchedulesThe standard form OREA Agreement of Purchase and Sale is all about Schedules. Here’s what the 2016 version states on the first page:SCHEDULE(S) A..........................................................................................attached hereto form(s) part o...
04/18/2016
            Commercial Bond Yields   CMB         GoC         Floating Rate Insured Cost of Funds 5 Year - 1.27%Canada Housing 06/15/21 [-0.01]       5 Year - 0.76%CAN 3.50 09/01/20 [-]       0.87%                       [-]                        5 Year - 1.38%*Canada Housing 12/15/21 [-0.01]    ...
04/17/2016
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Brian Madigan

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