ARCHIVED BLOG POSTS
2016
2
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You might wonder what this is about. If the second mouse gets the cheese, what’s left for the third mouse? Actually, the money! So, here’s the basic theory.The restaurant is started by an adventurous entrepreneur with lots of ideas, lots of investors and lots of money. The new theme restaurant is...
06/19/2016
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% 2.29% 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 2.30%
06/19/2016
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%
06/19/2016
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.16%*Canada housing 12/15/21 [+0.03] 5 Year - 0.58%CAN 0.75 03/01/21 [+0.04] 0.92% [-] 10 Year - 1.73%Canada housing 09/15/26 [+0.03] 10 Year...
06/17/2016
Interpretation of Initials on Contracts and the Potential for ConfusionThe standard form OREA Agreement of Purchase and Sale requires initials to be placed on every page for the purposes of Acknowledgment except the actual signing page.The difficulty is page one. With a few Offers and Counter-Off...
06/15/2016
Initialling Changes on an Agreement of Purchase and Sale As simple as it may seem, in practice, there is something of a difficulty when it comes to initialling changes to an Agreement of Purchase and Sale.ReasonsThere are several basic reason why initials would be required:1) Signify a propose...
06/14/2016
TERM POSTED Preferred RATES* Open 1 Year 6.30% 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% 2.44% Fixed 5 Year 4.64% 2.49% 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 ...
06/13/2016
6
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Death of a Joint Tenant in OntarioQuestion:If two people own a home, person A has power of attorney over person B, Person A signs all documentation as poa during sale and Person B dies before closing, what documentation do you need, or does the lawyer sort this out?Top of FormAnswer: There are nu...
06/12/2016
Sometimes Initials Due “Double-Duty”Question: An offer is submitted on your listing and the price is changed twice, once by the Seller and finally by the buyer.Do both parties only have to initial the final price or do they initial every change?Have an agent who contends that they don't have to i...
06/12/2016
FINTRAC Corporation IdentificationThe issue is the identification of corporations. The question, is whether or not the person behind the corporation needs to be identified as well.Have a look at what is published on the FINTRAC website: To confirm the existence of a corporation as well as the cor...
06/12/2016
Rainmaker
1,597,897
1,597,897
Brian Madigan
LL.B., Broker
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