ARCHIVED BLOG POSTS
2016
Toronto and GTA - PerformanceHere are the average sales prices for single family homes in the GTA. This includes all types, detached, semis, townhouses, and condominium apartments: January $630,193 February $685,738 March ...
11/06/2016
Strong October Numbers: Both Sales and Prices (2016)The Toronto Real Estate Board (TREB) has just released its October 2016 market report. It is noteworthy that TREB right in the headline now refers to its report as “year-over-year”. Previously, this was not well-understood. This is the report:Oc...
11/06/2016
Bathroom Mirrors- Are they Included?Interesting question! Actually, they do fall close to the gray area. The answer is: sometimes “yes” and sometimes “no”.First, we have to figure out whether or not they are fixtures or chattels.Second, were they intended to be included? Have a look at the Listin...
11/05/2016
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Acceptance of Pre-emptive Offers (Ontario)Question:"Seller Has The Right To Accept Any Pre-emptive Offer Without Any Notification"Would this be a violation of RECO’s interpretation of the Act and the Code disguised as seller's 'Legal Direction'?Answer:There is no right to break the rules. The rul...
11/04/2016
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.16%Canada housing 12/15/21 [-] 5 Year - 0.69%CAN 0.75 09/01/21 [-0.01] 0.96% [+0.01] 10 Year - 1.77%Canada housing 09/15/26 ...
11/04/2016
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%
11/02/2016
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 ...
11/01/2016
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