ARCHIVED BLOG POSTS
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%
06/12/2016
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.19%*Canada housing 12/15/21 [+0.01] 5 Year - 0.60%CAN 0.75 03/01/21 [+0.01] 0.92% [-] 10 Year - 1.78%Canada housing 09/15/26 [-0.01] 10 Year...
06/10/2016
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Interesting SPIS Representation Clause There is a clause that some Buyer’s representatives seek to include in an Agreement of Purchase and Sale. At first, it seems somewhat innocuous, but on further reading, should you agree to it? This is what it says: “The Buyer acknowledges that the Seller P...
06/09/2016
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%
06/08/2016
Toronto Market Up 15.7% 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 five months of 2016, as reported by the Toronto Real Estate Board. 2015January $552,925...
06/08/2016
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Toronto Market Up 23.5% in First Five 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 five months of 2016, as reported by the Toronto Real Estate Board. 2015 January ...
06/07/2016
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%
06/06/2016
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Toronto’s Housing CrisisThe Toronto market is active, but really it’s not terribly overheated which is the common sentiment.There are just less than 200,000 new people coming into the GTA every year. In 10 years, that’s 2 million. Where are they all going to stay?There are jobs. It’s not a poor a...
06/05/2016
Strong Sales Growth Continues in May 2016Here is the recently issued TRB report for May 2016:TORONTO, June 3, 2016 –Toronto Real Estate Board President Mark McLean announced that there were 12,870 home sales reported through TREB’s MLS® System in May 2016.This result represented a new record for ...
06/05/2016
Cancellation of Buyer Representation AgreementAre there any alternatives to the outright Cancellation?Absolutely, you could terminate the contract or you could amend the contract, on conditions which might include: Compensation for referrals Extension of expiry date Broade...
06/05/2016
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Brian Madigan
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