Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)

ARCHIVED BLOG POSTS

2017 

Words “I have authority…” What if they are Missing? (Ontario) Question: If someone signs for a Corporation, they will usually add: “I have authority to bind the corporation”. What happens if they miss that? What if they refuse to add it afterwards? Is the agreement still legal? Answer: The words ...
02/06/2017
 Land Transfer Tax Pre-Payment Avoids Disclosure of Purchase Price The procedure is simple, the day before closing the Transfer, together with the Land Transfer Tax Affidavit are taken to the Ministry of Revenue. The tax is then calculated and paid on the full amount as disclosed in the Affidavit...
02/05/2017
Full Purchase Price Paid as a Deposit Question: A property sells for $750,000.00 and the Buyer’s agent brings a deposit for $750,000.00 with the balance of the purchase price paid on closing. Are there any implications here, or is this allright? Answer:On the issue of the deposit, there really is...
02/04/2017
Which Agent Gets the Commission?Question:The first agent had a listing. The contract expired or was cancelled.One Buyer’s agent had a strong interest from their client in the property. Just after the property came down off MLS, this Agent called to say that they “had an Offer”.In the meantime, th...
02/04/2017
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.63%*Canada housing 06/15/22 [+0.01]       5 Year - 1.11%CAN 0.75 09/01/21 [+0.03]       0.96%                      [-]                        10 Year - 2.38*Canada housing 06/15/27 [+0.03]       10 Yea...
02/04/2017
Fixed term best discounted rates & posted rates as of 4 February, 2017 6 mos                                 3.10%         3.14%1yr                                     2.29%          3.04%2yr                                     2.14%          2.84%3yr                                     2.34%    ...
02/04/2017
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.39% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.54% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.19% Fixed 10 Year 6.10% 3.69% Variable Rate 2.15% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
02/01/2017
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Brian Madigan

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