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 

Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.03%*Canada housing 12/15/21 [-0.01]       5 Year - 0.58%CAN 0.75 09/01/21 [-0.01]       0.95%                   [-]                                              10 Year - 1.54%Canada housing 09/15/26 [...
09/30/2016
Locker Description Presents Valuation IssuesQuestion:A locker was improperly described in a condominium complex. The Listing was wrong. The Agreement of Purchase and Sale was wrong. The Buyer’s agent didn’t check or verify it.The reference was made to an “owned locker”. In fact, it may be exclusi...
09/29/2016
Terms The Bank Preferred Rates 1 Year 2.84% 2.29% 2 Years 2.79% 2.24% 3 Years 3.39% 2.49% 4 Years 4.09% 2.39% 5 Years 4.79% 2.49% 7 Years 5.85% 3.39% 10 Years 6.09% 3.69% VIRM 2.70% 2.20% The prime rate is 2.70%  
09/27/2016
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 ...
09/27/2016
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% 2.24% 4 YEARS 3.89% 2.39% 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 2.30%
09/26/2016
What does Buyer’s Lawyer’s review and approval mean?Question:What does Buyer’s Lawyer’s review and approval mean? Can the Buyer just simply change their mind and get their own lawyer to agree?Answer:This clause can be problematic.Is it just the legal terms or is it the business terms too?The clau...
09/25/2016
 Is a Deposit a Requirement for a Valid Contract? Question:Is a Deposit a Requirement for a Valid Contract? Answer:A valid contract in Ontario requires either 1) consideration, or 2) a seal. All standard form OREA contracts are drafted “under seal” so they would be enforceable without considerati...
09/25/2016
Commissions In WritingQuestion:If you have no contract signed with the seller re your commission amount and you draft a Letter of intent or even an offer and you include ABC 123 Realty represented by Mr. X will receive $x for his service on the date of transaction, that you might be paid.I heard ...
09/25/2016
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.08%*Canada housing 12/15/21 [-0.06]       5 Year - 0.65%CAN 0.75 09/01/21 [-0.05]       0.95%                   [-]                                              10 Year - 1.61%Canada housing 09/15/26 [...
09/23/2016
Terms The Bank Preferred Rates 1 Year 2.84% 2.29% 2 Years 2.79% 2.24% 3 Years 3.39% 2.49% 4 Years 4.09% 2.39% 5 Years 4.79% 2.49% 7 Years 5.85% 3.39% 10 Years 6.09% 3.69% VIRM 2.70% 2.20% The prime rate is 2.70%
09/22/2016
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BrianMadigan

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