ARCHIVED BLOG POSTS
2017
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Referral Fees Reconsidered How would you respond to this? Old high school friend (haven't seen him since grad 92!) asks for a referral to another area. I set him up. He interviews other agents as well, but decides to go with the referred agent. Yesterday I get the message below. Check in with the...
10/31/2017
Buyer Representation Agreement: Spousal CoverageBob the real estate agent takes out his friend Bill to see properties, and has Bill sign a Buyer Representation Agreement.The question here, is whether this affects Mary, Bill’s wife.Here is some wording from the document itself:“For purposes of th...
10/31/2017
Matters Going to the Root of Contract in OntarioThese are items going to the heart and substance of the deal. For example, the Seller doesn’t own the land.The Seller thought he owned the land but that was in error.Again, this is not a matter which requires a requisition within the time limit. If ...
10/30/2017
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Matters of Contract in OntarioMaters of Contract are terms that are specified in the Agreement. They have to be done. You don’t have to specifically request (requisition) them in a letter. They still have to be done.For example, the Seller agrees to close the pool before closing. It’s possible th...
10/30/2017
Fixed term best discounted rates & posted rates as of Oct 30, 2017 6 mos 3.10% 3.14%1yr 2.64% 3.04%2yr 2.54% 3.04%3yr 2.74% ...
10/30/2017
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Matters of Conveyance in OntarioIf there is a mortgage registered on title which is not being assumed, it really need not be requisitioned. It still must be discharged whether or not it were requisitioned “in time”.The difficulty is old mortgages which have long since been paid off. Someone forgo...
10/30/2017
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 2.01%CANHOU 12/15/22 [-0.02] 5 Year - 1.64%CAN 1.0 09/01/22 [-0.03] 1.23% [-] 10 Year - 2.50%*CANHOU 03/15/28 [-0.02] 10 Year - 1.97%CAN 1.0 06...
10/30/2017
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 2.03%CANHOU 12/15/22 [-0.04] 5 Year - 1.67%CAN 1.0 09/01/22 [-0.03] 1.23% [-] 10 Year - 2.52%*CANHOU 03/15/28 [-0.03] 10 Year - 1.99%CAN 1.0 06...
10/27/2017
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Some Estate Planning Techniques for Preserving the Interest in the Matrimonial HomeQuestion:Here are some additional facts following legal consultation. Jim’s parents will own 1%. Jim will own 99%. Susan will get 50% of matrimonial home should marriage dissolve. Susan needs to ensure that Jim get...
10/26/2017
Preserving the Interest in the Matrimonial Home in OntarioQuestion:Susan and Jim get married and buy their first home. Jim's parents are brought onto the title to co-sign. Now, 4 people are now on title for the Susan’s and Jim's matrimonial home: Susan, Jim, and Jim's parents.A few years later, S...
10/26/2017
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