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 Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.64% Fixed 2 Year 2.84% 2.54% Fixed 3 Year 3.44% 2.84% Fixed 4 Year 3.89% 2.94% Fixed 5 Year 4.84% 2.94% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.74% Variable 2.40% Prime 3.20% Benchmark 4.84%
09/24/2017
Acknowledgement Section 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:I acknowledge receipt of my signed copy of this accepted Agreement of Purchase and Sale and...
09/24/2017
Commission Entitlement on Defaulted Deal in OntarioQuestion:We listed and sold a home for our Seller client in the March frenzy. The closing was June 1st , but the Buyer didn't close . The Seller was going to sue Buyer but instead decided to settle for deposit. So, the Buyer got off with mutual r...
09/23/2017
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 2.18%CANHOU 12/15/22 [-]       5 Year - 1.81%CAN 1.0 09/01/22 [+0.01]       1.15%                    [-]                       10 Year - 2.66%*CANHOU 03/15/28 [-]       10 Year - 2.11%CAN 1.0 06/01/27 [-...
09/22/2017
Brokerage: 5 Business Days Deposit Question:The Listing Brokerage has 5 business days to deposit the down payment money in the trust fund. My understanding is that the 5 days start when the Cooperating Brokerage receives the money/cheque from the Buyer. But I also understand that the money is to ...
09/21/2017
Fixed term best discounted rates & posted rates as of Sept 19, 20176 mos                                 3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.54%          2.84%3yr                                     2.69%        ...
09/19/2017
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.64% Fixed 2 Year 2.84% 2.54% Fixed 3 Year 3.44% 2.84% Fixed 4 Year 3.89% 2.94% Fixed 5 Year 4.84% 2.94% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.74% Variable 2.40% Prime 3.20% Benchmark 4.84%
09/17/2017
Excluding the Neighbour from the Open House Question:My clients have asked me not to let their next door neighbours into open house. Can I reject people at the door? Answer:Neighbours could turn vicious. If the Seller doesn’t like them now, how about every showing (yes they have cameras) and ever...
09/17/2017
Offer Withdrawal Issues Questions: At which stage/s the buyer can retract their offer: (assuming seal is used):1. Buyer signs the offer that is yet to be presented to seller,2. Signed offer is in the seller's agent’s possession or has been presented to the seller,3. Seller has accepted4. Seller h...
09/17/2017
Life Lease Survivorship Question: If a couple lived in their life lease home, and one of them dies, does the other need to sign a new life lease agreement. Answer:The answer depends upon the nature of the agreement when they first moved in.If the lease was based upon their “joint lives”, then if ...
09/17/2017
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Brian Madigan

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