ARCHIVED BLOG POSTS
2016
Do Any Rights Arise from Long Term Use?Question:The Owner of a property has been sharing the neighbour’s well since the 1970’s. The property is now to be sold.There is no “agreement” in writing. The neighbour doesn’t want to sign anything and the owner is unsure of his rights. All of this makes t...
09/21/2016
Fixed term best discounted rates & posted rates as of September 21, 20166 mos 3.10% 3.14%1yr 2.29% 2.89%2yr 2.14% 2.84%3yr 2.24% ...
09/21/2016
Toronto and GTA Market Shows Consistent Price Increases in September 2016TREB has just released its mid-month report: SEPTEMBER 2016 TREB MID-MONTH STATISTICSSeptember 16, 2016 – Greater Toronto Area REALTORS® reported 3,847 home sales through TREB’s MLS® System during the first 14 days of Septem...
09/21/2016
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 p...
09/20/2016
What Do You Mean By “Business Days”?Now that everyone is working “24/7”, the term “business days” seems to have lost its meaning.The strong preference today would be to eliminate that expression because it is so very unclear.The Courts have generally not had occasion to examine the concept, unles...
09/20/2016
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%
09/19/2016
Amendments to Residential Tenancies Act (Bill 132)The Amendments to Residential Tenancies Act under Bill 132 came into force on 8 September 2016.Bill 132 is “socially directed” legislation generally intended to assist women and children in abusive relationships. Several Acts are amended including...
09/17/2016
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 consideration. It is the seal that makes an irrevocable offer...
09/17/2016
Landlords are Vulnerable under New LegislationThe Residential Tenancies Act was amended 8 September 2016 to provide a new set of rights to Tenants.The purpose was intended to provide relief to those who might be victims of domestic violence or abuse. That, of course, is well-intentioned. The diff...
09/16/2016
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.16%*Canada housing 12/15/21 [-0.02] 5 Year - 0.72%CAN 0.75 09/01/21 [-0.01] 0.95% [-] 10 Year - 1.75%Canada housing 09/15/...
09/16/2016
Rainmaker
1,598,222
1,598,222
Brian Madigan
LL.B., Broker
Real Estate Resources
Recent Posts
Mortgage / Finance
7 days ago
Mortgage / Finance
about 1 month ago
Mortgage / Finance
about 2 months ago
Markets, Finance and Law related to real estate, estate planning and personal financial investment opportunities