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 Let Insurance Lapse (RECO Discipline)The agent who let his insurance lapse was quite fortunate. He overlooked paying it, received some notices, ignored them, received a registered letter of Suspension and ignored that too.The Broker of Record received notices as well. It said: “You must CEA...
10/20/2016
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%
10/20/2016
Fixed term best discounted rates & posted rates as of October 19, 20166 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.14%          2.84%3yr                                     2.24%     ...
10/19/2016
Appreciating FSBO”s and the Competition BureauFrom time to time, some real estate agents are disgruntled with the Owner/Seller who decides to “go it alone”. These people are known as FSBO’s or “For Sale By Owner”.We looked at the 40 year track history of compensation for lawyers and agents in rea...
10/18/2016
Real Estate Fees and Commissions (Lawyers and Agents)The Competition Bureau has been dealing with real estate fees and commissions for over 40 years.A percentage charge (fee or commission) based upon price is what everyone would prefer. As the price escalates so does the compensation. Annual incr...
10/18/2016
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 ...
10/18/2016
Two Buyers, One Brokerage: A Strategic Alliance A Brokerage may represent two different Buyers interested in the same property.Rather than a problem, this could present an opportunity.Imagine this scenario, Bob has been working with Mary, his real estate professional, and Henry has been working w...
10/15/2016
Two Buyers: Multiple Representation Conflicts and IssuesWhat happens if a Brokerage represents two different Buyers and they are interested in the same property?The first and primary issue is whether either party would be favoured in any way. The next matter, is full disclosure to both parties. T...
10/14/2016
Buyer Offer Registration System (for Buyer Brokers)Actually, usually there’s no such thing and that’s a potential problem.Consider the following situation, Bob, the Buyer, has been working with Mary, his real estate professional, and Henry, the Buyer, has been working with Marco, his real estate ...
10/14/2016
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.20%Canada housing 12/15/21 [+0.01]       5 Year - 0.76%CAN 0.75 09/01/21 [+0.01]       0.95%                   [-]                                              10 Year - 1.77%Canada housing 09/15/26 [+...
10/14/2016
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Brian Madigan

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