ARCHIVED BLOG POSTS
2017
Executing the Notice of Fulfillment Questions: Some questions about a Notice of Fulfillment.1) Does a seller have to sign a NOF (as well as buyer),2) Is the time/date stamp on an e-signature important, and3) Can the signature be dated to the previous day, providing that it does not impac...
03/19/2017
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.67%*Canada housing 06/15/22 [-0.02] 5 Year - 1.22%CAN 0.50 03/01/22 [-0.02] 0.99% [-] 10 Year - 2.34%Canada housing 06/15/27 [-0.04] 10 Ye...
03/17/2017
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Full Rent Control in Ontario?A private member's bill by NDP MPP Peter Tabuns calls for the end of an exemption that removes rent control from nearly all rental units built after 1991.Housing Minister Chris Ballard confirmed that it is "unacceptable" that renters be faced with increased housing co...
03/17/2017
Listing a Property with One Seller in Jail (Ontario) Question:I was approached by a Wife who jointly owns a property with her husband. He was just sent to jail and they don’t get along.She wants to sell. How do I get a proper Listing?Answer:This is very difficult. While you could actually list an...
03/16/2017
Fixed term best discounted rates & posted rates as of March 16, 2017 6 mos 3.10% 3.14%1yr 2.44% 3.04%2yr 2.14% 2.84%3yr 2.34% ...
03/16/2017
Disclosure of Unrepresented Buyer in Competing Offer SituationThere is actually an additional disclosure that is required to be made in a Competing Offer situation which is often overlooked.If a Buyer is not represented by a registrant under the Real Estate and Business Brokers Act, 2002, this in...
03/15/2017
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.44% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.59% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.10% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
03/15/2017
Two Buyers Same Brokerage: That’s Multiple Representation (Ontario)Question:Let’s assume the following: ABC Brokerage has a listing for 123 Main Street Sales Rep Bob from XYZ Brokerage acts for Bill and puts in an Offer. Sales Rep Mary from XYZ Brokerage acts for Martha an...
03/15/2017
Compensating the Rural Property Listing Agent for ShowingsThere are several issues which arise in this situation.The problem is commonplace. A property is listed “out in the country” by a rural based agent. It might be a cottage, ski chalet or hobby farm. In any event, it appeals to someone in th...
03/14/2017
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 3.04% 2.44% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.59% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.24% 10 YEARS 6.10% 3.79% Rates are subject to change without notice. OAC E&OE Prime Rate 2.70% 5 yr variable 2.20%
03/14/2017
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