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 

Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 2.12%CANHOU 12/15/22 [-0.05]       5 Year - 1.74%CAN 1.0 09/01/22 [-0.06]       1.15%                    [-]                       10 Year - 2.63%*CANHOU 03/15/28 [-0.05]       10 Year - 2.09%CAN 1.0 06/...
09/29/2017
Can you just Walk away from a Conditional Deal in Ontario?Not anymore!Let’s assume that a Buyer submits an Offer conditional upon:1)    Financing, and 2)    Home Inspection.In both conditions, the clauses say “satisfactory to the Buyer in the Buyer’s sole and unfettered discretion”.What does this...
09/29/2017
Fixed term best discounted rates & posted rates as of Sept 28 2017 6 mos                                 3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.54%          2.84%3yr                                     2.69%        ...
09/28/2017
Is a Verbal Rejection Enforceable?Question:I sent an offer open until 8:00 pm tomorrow. The agent let me know we have a "verbal" sign back. Does that mean we can move on and make an Offer on another property? Or can they still accept the offer before 8:00 pm tomorrow? Is an actual verbal sign bac...
09/28/2017
 Releasing the Deposit Quickly in OntarioQuestion:There are only a few ways that the deposit can be released from the real estate brokerages trust account, the mutual release being one of them. What if you have the deposit held in the lawyers trust account? Is it easier to get the deposit back in...
09/28/2017
Mutual Release - Execution and Irrevocable ClauseQuestion:What is the purpose of the irrevocable on a mutual release?If a buyer is not fulfilling conditions and both parties agree to release, is the irrevocable period necessary?Can I just leave it blank? Answer:The Mutual Release form has been am...
09/27/2017
Mutual Releases and Getting Paid on the Second DealQuestion:If I write a mutual release for a conditional sale, is there a mechanism to prevent the buyer and seller doing a deal together in a few more weeks without paying the brokerage?Answer:There is a substantial difference between a conditiona...
09/25/2017
Suspensions, Extensions to Listing Agreements and Informed Consent Question:Assuming that everyone explains the holdover clause at the outset, what would you do in the following situation?The Seller agrees to try listing in the late Fall. It doesn’t work out. So, it’s pulled off the market. Cleve...
09/24/2017
Commission Reference Inclusion for Listing Remarks in OntarioQuestion:What would you think about including the following:Seller Not Obligated To Accept Any Offer Below, At Or Over The Listed Price, Commission Only Payable On Completion Of A Sale.Answer:1) that's the law anyways, without saying it...
09/24/2017
Acknowledgement Section on Page 4 of the Agreement of Purchase and Sale (Ontario)Question:What is the purpose or reason behind having a client date and sign and then date again? Why the two dates?Here’s what it says:ACKNOWLEDGEMENT The Seller(s) hereby acknowledge that the Seller(s) fully underst...
09/24/2017
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Brian Madigan

LL.B., Broker
local_phone(416) 745-2300
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