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2016
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Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.44%Canada housing 12/15/21 [-0.01] 5 Year - 0.99%CAN 0.75 09/01/21 [-0.01] 0.96% [-] 5 Year - 1.52%*Canada housing 06/15/22 [-0.01] ...
11/25/2016
Theory of Relativity for Real Estate (Part 3: CREA Code of Ethics)There is one more element to be considered when we are discussing “close relatives” and disclosure obligations.About 70% of the registrants under RECO are also members of organized real estate. So, they are governed by the Real Es...
11/23/2016
Fixed term best discounted rates & posted rates as of November 23, 20166 mos 3.10% 3.14%1yr 2.29% 3.04%2yr 2.19% 2.84%3yr 2.34% ...
11/23/2016
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Theory of Relativity for Real Estate (Part 2: Who Do You Tell)A question that pops up frequently in real estate is the matter of disclosure when a real estate agent acts for a relative.Let’s consider a simple case. Bob is a real estate agent and he acts for his son Bill who is looking to buy a co...
11/23/2016
TERM POSTED PreferredRATES* 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 $...
11/22/2016
Theory of Relativity for Real Estate (Part 1: Who’s Included)A question that pops up frequently in real estate is the matter of disclosure when a real estate agent acts for a relative.Let’s consider a simple case. Bob is a real estate agent and he acts for his nephew Bill who is looking to buy a ...
11/22/2016
Listing Agent’s Duties When Confronted with a DefectSo, what does the Listing agent do when a defect shows up? This is something, of course, that they didn’t know about at the outset. It may have been concealed, it might not have been apparent, it might have been covered up. In any event, the Lis...
11/21/2016
Maybe we simply have a case of Buyer’s remorse!What happens if the Buyer wants out of the deal?Assume that there is a condition upon inspection, and that such a condition is worded as follows:“This Offer is conditional upon the inspection of the subject property by a home inspector at the Buyer’...
11/21/2016
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%
11/21/2016
What Documentation is Required for “No Representation”? Question: I have a property listed and I have been approached by a potential Buyer. I really don’t care to provide any real services, neither Agency nor Customer Services, is there a specific form for this? Answer: There is a “Commission Agr...
11/20/2016
Rainmaker
1,598,222
1,598,222
Brian Madigan
LL.B., Broker
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