ARCHIVED BLOG POSTS
2016
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.04%*Canada housing 12/15/21 [-0.02] 5 Year - 0.54%CAN 0.75 03/01/21 [-0.03] 0.94% [-] 10 Year - 1.59%Canada housing 09/15/26 [-] 10 Year - ...
07/08/2016
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%
07/07/2016
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Comments
Toronto Market Cools Off in June 2016We have had a red hot market for quite some time so it’s good to see that things are finally starting to cool off. Sales are down and prices are down.These are the monthly numbers just released 6 July 2016 by the Toronto Real Estate Board:Monthly SalesMay ...
07/07/2016
Fixed term best discounted preferred rates & posted rates as of July 6, 2016 6 mos 3.10% 3.14%1yr 2.29% 2.89%2yr 2.24% 2.84%3yr 2.2...
07/06/2016
FINTRAC Requirements Concerning Corporations (For Real Estate Agents) FINTRAC has now been around for quite some time. Often, its website and information has been confusing. But, it is stepping up its enforcement procedures against the real estate community. So, here is a frequently asked questio...
07/05/2016
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% 2.44% 5 YEARS 4.64% 2.49% 7 YEARS 5.30% 2.99% 10 YEARS 6.10% 3.59% Rates are subject to change without notice. OAC E&OE Prime Rate 2.70% 5 yr variable
07/05/2016
Utility Withdrawal of Service on Closing and Liens (Ontario)Question:I acted as the Buyer’s Agent and after closing found out that the hydro services were to be cut off and a lien was to be placed up[on the property. Apparently, these were due to the Seller’s arrears. Is this the lawyer’s fault ...
07/05/2016
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Unclean Premises on Closing Question:I acted as the Buyer’s agent and upon closing the Seller had simply left garbage in the house and never bothered to clean up. We did have a “broomswept” term in the Agreement.Answer:I think that the problems here are simply inevitable, if Sellers are moving ou...
07/05/2016
Summary of Defendants in Appraisal Shortfall This is a continuance and summary of the appraisal shortfall situation and the issue of whether the Buyer (Bob) has any realistic chance of success suing any of his advisors.Here are the possibilities: The Seller, Bill (0 %) The Listi...
07/04/2016
Statutory Severance of Joint Tenancy under Family Law Act (Ontario)Bob and his brother own a home joint tenancy. Bob marries Sue and moves in - their matrimonial home. Bob dies. Questions and Answers:1. What happens to the home? Is it tenants in common? How is brother involved?The joint te...
07/04/2016
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Brian Madigan
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