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 

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 ...
05/09/2017
April 2017 Real Estate Market- 3 of 8 Indicators are Down!Generally, everyone is excited about the Toronto real estate market being so “hot”.But, when we look at the numbers, things certainly seemed to have cooled off in April.There are two distinct areas in the Greater Toronto area, Toronto prop...
05/08/2017
Offers (slightly different meanings in different contexts)Question:When is an Offer an Offer:1)    For the purposes of Bill 55 Phantom Offers,2)    For the purposes of registration (such that this expression may be used),3)    For the purposes of Contract law?All three answers are different. Answ...
05/08/2017
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%
05/08/2017
 Marihuana: Under the Influence – Legalized Going ForwardQuestion:Next April 1st 2018 when they Legalize marijuana, for medicinal purposes and a person decides to put in an offer, then wants out of the signed contract because of being medicated or because of an impaired judgement, will we have to...
05/07/2017
 Matrimonial Home – Spousal ConsentQuestion:I have a seller and she is on title alone, separated and he moved out. It was a matrimonial home. Two years go by and she can't afford to keep the house any longer.Since I know the both of them I called him up and asked if he was ready to sell and conse...
05/06/2017
Toronto Market Steadies in April 2017The Toronto real estate market has been “red hot”, but the market appears to have slowed somewhat in April. This is the newly released report from the Toronto Real Estate Board (TREB). I think you will find it interesting.“Strong Growth in New Listings in Apri...
05/05/2017
 Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.41%Canada housing 06/15/22 [-0.02]       5 Year - 1.00%CAN 0.50 03/01/22 [-0.02]       0.99%                       [-]                        10 Year - 2.04%Canada housing 06/15/27 [-0.01]       10 Ye...
05/05/2017
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% 2.44% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.59% 7 YEARS 5.30% 3.19% 10 YEARS 6.10% 3.74% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.00%
05/04/2017
Mutual Driveway – Found in Title Search- RemediesQuestion:If the title was searched by the Buyer's lawyer and it was found out the driveway is a mutual driveway and there is no room to park, can the buyer terminate the agreement?Answer:The mutual driveway presents an interesting issue. If the mut...
05/04/2017
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Brian Madigan

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local_phone(416) 745-2300
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