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 

Irrevocability Clause –Ambiguity ResolutionOne of the very basic steps in the Offer/Acceptance interplay is the irrevocability provision. One would expect absolute certainty here, but do we actually have it?Irrevocability ProvisionThis is the standard clause used in the OREA standard Form (2016 v...
04/11/2016
Payment of the Deposit and Selecting the Correct ClauseFrom time to time agents run into problems with the deposit clause in the standard Form OREA Agreement of Purchase and Sale.OREA Deposit ClauseThis is what it says (2016 version):“DEPOSIT: Buyer submits ..........................................
04/09/2016
 Understanding the Delivery of Notices under the Agreement of Purchase and SaleSometimes, agents can run into difficulty giving or receiving proper Notice pursuant to one or more of the provisions contained in the standard Form Agreement of Purchase and Sale.This is important for the delivery of:...
04/08/2016
Commercial Bond Yields   CMB         GoC         Floating Rate Insured Cost of Funds 5 Year - 1.24%Canada Housing 06/15/21 [+0.05]       5 Year - 0.71%CAN 0.75 09/01/20 [+0.03]       0.87%                      [-]                       5 Year - 1.35%*Canada Housing 12/15/21 [+0.05]       10 Year...
04/08/2016
 March 2016 Begins to Tighten Up  The Toronto Real Estate Board (TREB) just released its March 2016 numbers. Prices are up by 12.1% Sales are up by 16.2% Listings are down by 3.7% This is all compared to March 2015. Let me know if you would like to discuss the numbers? Here is a copy of the news ...
04/07/2016
Toronto’s Real Estate Price Cycle First Quarter (2016) If we are going to look at the market, market timing and real estate cycles, we should really be looking at prices. Price is the relationship between supply and demand. Toronto and the GTA has been pressured for inventory and housing has been...
04/07/2016
Contract Acceptance Requires a Pen and a PhoneWhen we are considering the acceptance of an Offer, there are two steps:1)    Signing the document, and2)    Communicating with the other side.You can’t just sign the document and keep it secret. That’s not going to be binding upon the other side, you...
04/07/2016
Question:I am a real estate agent and I have been approached by some Buyers to act for them in the search for a new home. The problem is that they are already under contract with someone else. They are not being shown homes and they are most dissatisfied.What can I do, if anything?Answer:The Buye...
04/06/2016
Question:I am a Buyer’s Agent. With all the frenzied activity in the Spring market, I have been losing out for my clients because we include a home inspection condition. Is there anything that I can do to improve our chances of success?Answer:Consider an Inspection Condition with restrictions and...
04/06/2016
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%
04/06/2016
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Brian Madigan

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local_phone(416) 745-2300
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