ARCHIVED BLOG POSTS
2017
Offer Containing a Pre-agreed Direction for the Deposit (Ontario)Question:There are quite a few deals that are not closing these days. What can the industry do to protect the clients that are being left holding the bag when one party doesn't close? Are we able to put in offers for example if one ...
07/05/2017
Use Both Financing and Appraisal ConditionsSellers like to see unconditional Offers, but things have changed in the Toronto market since May.Even if you have financing, make sure to include an Appraisal Condition.That’s the one you really need. The market has dropped and the Buyer may not be appr...
07/02/2017
Appraisal Conditions have returned to the Toronto Market (July 2017)Appraisal Conditions have now returned to the Toronto market.If you are a Buyer and you simply have “pre-approval” for financing from a Bank, this is the clause that you need:APPRAISALThis Offer is further conditional upon the Bu...
07/02/2017
Financing Conditions have returned to the Toronto Market (July 2017)Financing Conditions have now returned to the Toronto market.If you are a Buyer and you simply have “pre-approval” for financing from a Bank, this is the clause that you need: FINANCINGThis Offer is conditional upon the Buyer arr...
07/02/2017
Can’t Walk Away if Status Certificate is Acceptable (Ontario)Question:I am the Listing agent. I just did a deal with Status as the only condition. Status is fine. Buyers are backing out. They did not drop deposit cheque off.Answer:Condition: There is an obligation to proceed in good faith and per...
07/02/2017
Fixed term best discounted rates & posted rates as of June 30, 2017 6 mos 3.10% 3.14%1yr 2.34% 3.04%2yr 2.14% 2.84%3yr 2.34% ...
07/02/2017
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.83%*Canada housing 12/15/22 [+0.01] 5 Year - 1.38%CAN 0.50 03/01/22 [+0.02] 0.99% [-] 10 Year - 2.24%Canada housing 06/15/27 [+0.05] 10 Ye...
07/02/2017
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