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 

Is a Witness Needed for the Lender in a Real Estate Deal?Question:I use Docusign and I was just told our lender needs my Buyers' signatures to be witnessed on the offer. I was not present so I cannot witness them. Would an affidavit by the buyers stating it is their signatures and they intended t...
07/22/2016
Toronto Market Slips in the Month of July 2016Let’s have a look at the average price of a single family property in the GTA. This includes both Toronto (the 416) and the suburbs (the 905), across all types of housing, being detached, semi-detached, townhouses and condominium apartments.Most of th...
07/22/2016
GTA Market Shows Movement to the Suburbs in July 2016The Toronto Real Estate Board released its mid-month report for July 2016.Here it is:“JULY 2016 TREB MID-MONTH STATISTICSGreater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a state-o...
07/22/2016
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.15%*Canada housing 12/15/21 [-0.03]       5 Year - 0.68%CAN 0.75 03/01/21 [-0.02]       0.94%                      [-]                                              10 Year - 1.70%Canada housing 09/15/2...
07/22/2016
When Do People “living together” become Spouses?It is easy enough to tell when people are married: there was a ceremony. And, if they forgot the date; it’s on the marriage certificate.But, what about couples who live together? It starts out for a few days, then a few weeks, then it’s months, and ...
07/21/2016
No Witness on the APS – What Can You Do? (Ontario) Question: The Lender is pressing for someone to witness the Buyer’s signatures on the Agreement of Purchase and Sale. What can I do? Answer:You really can’t push some of the Lenders.If they are “old school”, they will simply become annoyed if you...
07/21/2016
Fixed term best preferred rates & posted rates as of July 20, 2016 6 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.14%          2.84%3yr                                     2.24%        ...
07/20/2016
Toronto Market Up 22.64% in First Six 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      ...
07/20/2016
What is the Purpose of a Witness?Just last year the rules were changed when it came to real estate contracts. Electronic signatures were allowed. Parties could “sign” digitally from their own computers and these deals were “legal”.The problem is that the witness is often missing. There’s no one e...
07/20/2016
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.89% 2.29% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.20% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% 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 ...
07/19/2016
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Brian Madigan

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