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 Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.39% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.54% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.19% Fixed 10 Year 6.10% 3.69% Variable Rate 2.15% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
01/17/2017
What would you do, if you Received an Offer with this Warranty?Question:You are the Listing agent. What would you do, if you received an Offer with this Warranty? How would you advise your client? “The Seller warrants that, to the best of his knowledge and belief, the property does not contain an...
01/17/2017
Court Establishes Standard of Care for a Home Inspector In Rimmer v. Building Insights Inc. (9 September 2013) Ontario Superior Court placed liability upon a home inspector. This was based in contract. The home inspection wasn’t faulty. It was performed correctly. And, there was no proof tendered...
01/16/2017
Fixed term best discounted  & posted rates as of January 16, 2017 6 mos                                 3.10%         3.14%1yr                                     2.29%          3.04%2yr                                     2.14%          2.84%3yr                                     2.34%         ...
01/16/2017
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.63%*Canada housing 06/15/22 [+0.03]       5 Year - 1.09%CAN 0.75 09/01/21 [+0.02]       0.96%                      [-]                        10 Year - 2.31*Canada housing 06/15/27 [+0.04]       10 Yea...
01/13/2017
 What Should you Sign First BRA or WWR? (Ontario)Question:What should you sign first the BRA or the WWR?Answer:The BRA is the Buyer Representation Agreement and the WWR is the “Working with a REALTOR” document BRAThis document contains the following wording:“The Buyer acknowledges that the Broker...
01/13/2017
Home Inspector Still Responsible without Calling Expert Witness There was a recent case, namely Rimmer v. Building Insights Inc. (9 September 2013) Ontario Superior Court in which a homeowner successfully sued a home inspector.Contract ClaimThe home inspector in this case simply failed to put his...
01/12/2017
Terms The Bank Preferred Rates 1 Year 2.84% 2.29% 2 Years 2.79% 2.24% 3 Years 3.39% 2.49% 4 Years 4.09% 2.39% 5 Years 4.79% 2.49% 7 Years 5.85% 3.39% 10 Years 6.09% 3.69% VIRM 2.70% 2.20% The prime rate is 2.70%
01/12/2017
Fixed term best discounted rates & posted rates as of January 11, 2017 6 mos                                 3.10%         3.14%1yr                                     2.29%          3.04%2yr                                     2.14%          2.84%3yr                                     2.34%    ...
01/11/2017
Septic and Water WarrantiesQuestion:I am the Listing Agent and I have an Offer which contains very strong septic and water warranties. What can I do here?Answer:The Buyer is obviously looking for something here. The problem is that the Seller really can’t be sure. The representations and warranti...
01/10/2017
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Brian Madigan

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