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 

Roof  Patched, Leaks and Late Discovery(Ontario) Question:Buyers have noticed an active leak in the roof of an extension to the main building.They noticed the damage on the day they took possession , but thought it was perhaps old damage that had not been repaired. It had obviously been badly pat...
08/21/2017
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.91%*CANHOU 12/15/22 [-0.03]       5 Year - 1.47%CAN 0.50 03/01/22 [-0.04]       1.04%                     [-]                       10 Year - 2.41%*CANHOU 03/15/28 [-0.03]       10 Year - 1.86%CAN 1.0 ...
08/18/2017
Fixed term best discounted rates & posted rates as of Aug 14, 2017 6 mos                                 3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.54%          2.84%3yr                                     2.69%        ...
08/14/2017
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.93%*CANHOU 12/15/22 [-]       5 Year - 1.50%CAN 0.50 03/01/22 [-0.01]       0.98%                      [-]                       10 Year - 2.44%*CANHOU 03/15/28 [-]       10 Year - 1.89%CAN 1.0 06/01/2...
08/14/2017
Holdover Provision in Listing Agreements (Ontario)Question:Just how does the “holdover provision” work? Answer: Let’s have a look at the actual provision:“The Seller further agrees to pay such commission as calculated above if an agreement to purchase is agreed to or accepted by the Seller or any...
08/08/2017
Repaired Defects and Disclosure (Ontario)Question:If it is something that has been fixed does it still need to be disclosed? Say a flooding basement?Answer:The Seller is under an obligation to disclose a material latent defect of which he has knowledge. Fixing or not fixing is not the issue at al...
08/08/2017
Agents’ Duties Following Pre-Offer Inspection (Ontario)Question:1)    What is the Buyer’s Agent's disclosure responsibility if they find something major during the home inspection? 2)    I thought the Listing Agent has to disclose to future buyers if one buyer does a pre-offer inspection, finds s...
08/08/2017
Pre-Offer Home Inspection (Ontario)Question:Assuming that you are the Listing agent, would you let a potential Buyer do a home inspection on your listing BEFORE submitting an offer?If so, why?Answer:I would encourage it.If there are any problems then the Buyers have knowledge and have assumed the...
08/06/2017
Correcting Errors in an Offer (Ontario)Question:I am the Listing Agent and I received an offer on a property and the Buyer Agent made a few errors. In particular, he put items that are not included with the sale in the chattels included, and the wrong maintenance fee amount. Apart from those item...
08/06/2017
Condition Subsequent (Ontario)Question:What is a condition subsequent?Answer:It is a condition which presumes confirmation unless a notice is provided to the contrary.This means the time limit will come and go without any paperwork required.If the condition were financing until 5:00 pm on Friday....
08/02/2017
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Brian Madigan

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