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2016
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.51%Canada housing 12/15/21 [-] 5 Year - 1.05%CAN 0.75 09/01/21 [+0.01] 0.96% [-] 5 Year - 1.61%*Canada housing 06/15/22 [+0.01] ...
12/09/2016
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%
12/08/2016
Multiple Offers – One Round or Two Rounds or More An issue arising frequently is how to conduct a Multiple Offer “bidding war” by the Listing Agent.There are essentially two choices:One Round – Bring Your One and Only BEST OfferTwo Rounds – Once you are here, you will have a chance to IMPROVEThe...
12/08/2016
Appraisal Less than Purchase Price Question: The Agreement of Purchase and Sale contains the following clause:“The Seller and the Listing Agent agree to co-operate in providing access to the property up until the closing day herein for the purpose of an appraisal to be conducted by the Buyer’s Le...
12/08/2016
Fixed term best discounted rates & posted rates as of December 7, 20166 mos 3.10% 3.14%1yr 2.29% 3.04%2yr 2.14% 2.84%3yr 2.34% ...
12/07/2016
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 ...
12/06/2016
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First Time Buyers Refund (Ontario)Question:The parents are buying a condo for their daughter who is a first time buyer because she wouldn't qualify on own. They want to be on title and would like their daughter to qualify for first time buyer rebate to get the reduction. The parents will be guara...
12/04/2016
Withdrawal of Offer in Multiple Offer EnvironmentQuestion:Multiple offers are submitted on a property, nine (9) in total. The Listing Agent calls and states that the "sellers" are sending the agents back to see if they can do better. If my buyers want to now pull their offer, can they do so give...
12/04/2016
Sales are Up and Prices are Up in Toronto in November 2016This is the report of the Toronto Real Estate Board (TREB) for November 2016:Tight Market Conditions in November TORONTO,December 2, 2016 –Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® repo...
12/03/2016
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.53%Canada housing 12/15/21 [+0.01] 5 Year - 1.06%CAN 0.75 09/01/21 [+0.02] 0.96% [-] 5 Year - 1.62%*Canada housing 06/15/22 [+0.01] ...
12/02/2016
Rainmaker
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Brian Madigan
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