ARCHIVED BLOG POSTS
2016
Terms The Bank Preferred Rates 1 Year 3.04% 2.29% 2 Years 2.84% 2.24% 3 Years 3.44% 2.49% 4 Years 3.89% 2.39% 5 Years 4.64% 2.49% 7 Years 5.30% 3.39% 10 Years 6.10% 3.69% VIRM 2.70% 2.20% The prime rate is 2.70%
11/09/2016
Fixed term best discounted rates & posted rates as of November 8, 20166 mos 3.10% 3.14%1yr 2.29% 2.89%2yr 2.14% 2.84%3yr 2.24% ...
11/09/2016
RECO Should Have the Power to Award CompensationThere are numerous circumstances where an agent subject to discipline is indeed found guilty or negotiates a settlement or a resolution to the Disciplinary charges with RECO.The fines are then “agreed to” and “accepted” by the agent, unless there is...
11/08/2016
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 ...
11/08/2016
RECO Fines Should be Increased SubstantiallyCBC Marketplace should not be regulating the real estate industry. But, they are indeed exposing some of its flaws.The maximum fine for a serious transgression in the case of an individual agent is $25,000.00 at the moment.I would ordinarily think that ...
11/08/2016
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Brokerages Should “Supervise”This doesn’t really seem to happen very often in 2016. It did decades earlier, but that was based upon a model of “employment”.Brokerages would obtain the leads and drive the business. The individual sales representative was simply an employee. Brokerages received a m...
11/07/2016
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%
11/06/2016
OREA’s Response to CBC Marketplace InvestigationTim Hudak may be “new” to OREA, but he certainly isn’t new to regulation of the real estate industry.Tim was the Minister in charge when the Real Estate and Business Brokers Act, 2002 was passed.While he doesn’t officially assume his role as CEO of ...
11/06/2016
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CBC Attacks Dual Agency – Fair CommentTechnically, in Ontario this is referred to as “multiple representation”.It’s not all “bad”, but it can be subject to abuse, and it’s very easy for bad agents to break the rules and get away with it. After all, the stakes are high!Here is a link to the CBC Ma...
11/06/2016
CBC Trashing the Real Estate IndustryThe CBC Marketplace featured programs on the real estate industry have clearly pointed out some significant problems.There appears to be a broadspread backlash against the CBC by some industry professionals.The CBC as journalists did their job. They obviously ...
11/06/2016
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