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 

Agent Who Steals Gets Licence Restored by LATThe agent in this case stole batteries and $200 to $300 in cash. He was caught on video.The Real Estate Council of Ontario (RECO) revoked his licence to practice. On appeal to the Licence Appeal Tribunal (LAT) his licence was restored subject to certai...
09/15/2016
Selling in Ontario using a Power of Attorney Question:I expect to be the Listing Agent. A son and his parents are the registered owners of residential property in Ontario. The parents are currently in Europe.Is it be sufficient if parents give to their son a hand-written Power of Attorney to list...
09/14/2016
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%
09/13/2016
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 ...
09/13/2016
Silence on TMI (Taxes Maintenance and Insurance) Commercial LeaseQuestion:Does a Landlord have to give advance written notice to a Tenant of an increase to TMI? (ie. 60 days written notice?)Answer:Usually, you would find something in the Lease and that would govern, but assuming that the entire T...
09/12/2016
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%
09/11/2016
Average Toronto Homeowner Makes $2.35 per day on their House in August 2016The August numbers are finally out. The “hot” Toronto market is just steaming along.The current price for a single family home in the GTA is $710,410, that’s $73 more than in July. So, that means that the average homeowner...
09/11/2016
Understanding what "Affidavit" Means The latin term "affidavit" is a very common term used in law. Translated, it means "he who has declared upon oath". The meaning is rather specific. It refers to a document that is verified under either oath or affirmation and where the deponent agrees that the...
09/11/2016
Toronto Market Steady in August 2016That was my “headline”. I didn’t like the TREB headline below. I was also thinking of saying:Average Toronto House Price Escalates $2.35 per day in August 2016”.The Toronto Real Estate Board has just released its statistics for August 2016.Here is their report:...
09/09/2016
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.14%*Canada housing 12/15/21 [+0.06]       5 Year - 0.71%CAN 0.75 09/01/21 [+0.07]       0.95%                   [-]                                              10 Year - 1.70%Canada housing 09/15/26  ...
09/09/2016
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Brian Madigan

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