ARCHIVED BLOG POSTS
2018
The Sudden Appearance of the Competing OfferQuestion:Property is listed for 22 days, second showing today and clients decide to put in an offer, 2 hours after offer submission suddenly there is another competing offer! This happens 9 out of 10 times and It seems very convenient that every time my...
04/29/2018
Undelivered Deposit Doesn’t Cancel the DealQuestion:Received an email from an agent who presented an unconditional offer for $20,000 over asking saying "My clients found another house they like better. Please withdraw their offer". We didn't as it was already in seller's possession.Next, the buye...
04/29/2018
8
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Registrant’s “Related” Disclosure in OntarioQuestion:Property owned by son and his mother, who is Son-in-law of the registrant. Is that related party and calls for disclosure in Ontario?Answer:Yes and No. It depends upon the question.No: Assuming that this is a listing, then, the disclosure need ...
04/29/2018
Insufficient Co-operating Brokerage CommissionQuestion:What do I do if the co-operating commission is too low?Answer:Here’s the MLS ruleR-730 If a Member is unwilling to accept the commission offered on TREB’s MLS® System, such Member may request a change before an Offer is signed, and shall not ...
04/29/2018
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.99% Fixed 2 Year 3.24% 3.19% Fixed 3 Year 3.44% 3.04% Fixed 4 Year 3.89% 3.44% Fixed 5 Year 5.14% 3.19% Fixed 7 Year 5.30% 3.39% Fixed 10 Year 6.10% 3.84% Variable Rate 2.40% Prime Rate 3.45% Benchmark Rate 5.14% Cost per ...
04/29/2018
HIGH RATIO fixed term best discounted rates & posted rates as of April 28, 2018 Terms Posted Rates Preferred Rates 6 mos 3.14% 3.10%1 year 3.04% 2.99%2 year...
04/28/2018
Applicability of Human Rights Code to Buyer’s Preferences in OntarioQuestion:A Buyer-client is looking to live in an area with particular or specific cultural factors (such as prominent language, maybe cultural-specific food/clothing stores, near specific churches). They ask you to seek out thes...
04/28/2018
0
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Co-Tenancy Continuing Liabilities in OntarioQuestion:Would the liability of a co-tenant survive bankruptcy?Answer:Let's say we have a contaminated property owned by A and B as co-tenants.There is a contamination spill and A and B as owners are liable.A goes bankrupt.B as a co-tenant is still resp...
04/28/2018
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 2.45%*CANHOU 06/15/23 [-0.03] 5 Year - 2.13%CAN 1.0 03/01/23 [-0.03] 1.62% [-] 10 Year - 2.71%*CANHOU 03/15/28 [-0.03] 10 Year - 2.32%CAN 1.0 0...
04/27/2018
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.99% Fixed 2 Year 3.24% 3.19% Fixed 3 Year 3.44% 3.04% Fixed 4 Year 3.89% 3.44% Fixed 5 Year 5.14% 3.19% Fixed 7 Year 5.30% 3.39% Fixed 10 Year 6.10% 3.84% Variable 2.40% Prime 3.45% Benchmark 5.14%
04/23/2018
Rainmaker
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1,597,897
Brian Madigan
LL.B., Broker
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