ARCHIVED BLOG POSTS
2016
Does the Seller Have to Disclose a Severance Condition?There was a rather interesting case involving a property in the Niagara Region backing onto the escarpment. The lot was larger large, so the property was severed into two parcels.The new lot had certain conditions imposed upon it under the Pl...
05/11/2016
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% 2.49% 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 2.25%
05/10/2016
Disclosure of Interest Obligation Registrants have a duty to disclose before they do business. This is a 2009 case. Kindly note the case actually predates REBBA 2002 which came into force on 31 March 2006. This involves violations of several rules regarding ethical behaviour, financial disclosure...
05/09/2016
Toronto Market Up 16.2% in a Year For those who are following the market, here is a list of the average prices for single family homes in the GTA (Greater Toronto Area) in 2015 and for the first four months of 2016, as reported by the Toronto Real Estate Board. 2015January $552,92...
05/08/2016
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Lot Mix Up – Survey is the AnswerLet me tell you about a very interesting situation.Bob the Builder purchased 10 lots on a street. One half the street or lots 1 through 5 backed onto a ravine. He had several models, but the better houses went on the ravine lots.Basically, all the lots had been so...
05/08/2016
Terms The Bank Preferred Rates 1 Year 2.84% 2.79% 2 Years 2.79% 2.34% 3 Years 3.39% 2.49% 4 Years 4.09% 2.59% 5 Years 4.79% 2.69% 7 Years 5.85% 3.39% 10 Years 6.09% 3.89% VIRM 2.70% 2.15% The prime rate is 2.70%
05/06/2016
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 1.16%Canada Housing 06/15/21 [-0.05] 5 Year - 0.70%CAN 0.75 03/01/21 [-0.06] 0.90% [-] 5 Year - 1.27%*Canada Housing 12/15/21 [-0.05] 10 Year ...
05/06/2016
Metes and Bounds Descriptions come from Base 60 MathematicsIf you are building things, you need to cut and divide things up evenly, or at least as close as possible, then you are probably going to come up with base 60 mathematics system. Just about everything divides up nicely if you use this sys...
05/06/2016
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Toronto Market Up 21.4% in First Four Months (2016) For those who are following the market, here is a list of the average prices for single family homes in the GTA (Greater Toronto Area) in 2015 and for the first four months of 2016, as reported by the Toronto Real Estate Board. 2015January ...
05/06/2016
Fixed term and preferred rates & posted rates as of May 4, 2016 6 mos 3.10% 3.14%1yr 2.29% 2.89%2yr 2.24% 2.84%3yr 2.34% 3...
05/04/2016
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