ARCHIVED BLOG POSTS
2017
Authority to Sign on behalf of an Estate in OntarioQuestion:Who and when does someone have authority to sign on behalf of an Estate in Ontario? I have heard many conflicting views.Answer:If the Estate is testate, that is, with a Will, the Estate Trustee has power to act from the moment of death. ...
05/18/2017
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.35% Fixed 4 Year 3.89% 2.49% Fixed 5 Year 4.64% 2.54% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.00% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
05/17/2017
Deposit Forfeiture Upheld By Court of Appeal (Redstone)Redstone Enterprises Ltd. sold its warehouse in Brantford to Simple Technology Inc. for the purpose of setting up a legal Marihuana Grow House.Agreement of Purchase and Sale: July 8, 2014Price: $10,225,000Deposit: ...
05/16/2017
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.44% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable 2.00% Prime 2.70% Benchmark 4.64%
05/16/2017
Agent Locked into “Confidentiality” without a Signed Contract Consider the following scenario: Bob wishes to sell his house It had been used by Bob’s Tenant to grow Marihuana Bob invites 3 Agents to make listing Presentations The first two Agents, Maureen and Bill ...
05/13/2017
Multiple Representation – The Steps in the Process (Ontario)Question:ABC Realty Inc. is representing both the Sellers and the Buyers.As a registrant, need I write anything about Multiple Representation on the Offer?Answer:It is very important to note that the Listing Agreement and the Buyer Repre...
05/13/2017
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.41%Canada housing 06/15/22 [-0.04] 5 Year - 1.00%CAN 0.50 03/01/22 [-0.04] 0.99% [-] 10 Year - 2.05%Canada housing 06/15/27 [-0.06] 10 Ye...
05/12/2017
Fixed term best discounted rates & posted rates as of May 11, 2017 6 mos 3.10% 3.14%1yr 2.44% 3.04%2yr 2.14% 2.84%3yr 2.44% ...
05/11/2017
You are “Close”, very dangerous words in a Bidding War!Right now, the Toronto market is “hot”. It was “hotter”, but we still have bidding wars.Consider the following situation:Buyer #1Mary is interested in purchasing in a certain Townhouse ComplexMary retains Fred a real estate agent to assist he...
05/10/2017
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 3.04% 2.34% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.44% 5 YEARS 4.64% 2.54% 7 YEARS 5.30% 3.19% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE Prime Rate 2.70% 5 yr variable 2.00%
05/10/2017
Rainmaker
1,597,897
1,597,897
Brian Madigan
LL.B., Broker
Real Estate Resources
Markets, Finance and Law related to real estate, estate planning and personal financial investment opportunities