ARCHIVED BLOG POSTS
2018
Lawyers and Real Estate Commissions in OntarioQuestion:Is a lawyer entitled to a real estate commission. In this case, the lawyer is also the Buyer.I received an inquiry from a Lawyer, who also is the potential buyer, (he is not a registered Real Estate Sales Representative and, not a Brokerage)....
04/15/2018
Procedure When a Deal Falls ThroughQuestion:The Buyer’s agent indicated that the Buyer wasn’t able to secure his financing by the end of the conditional period. What happens, if nothing is said at all etc?Answer:The Seller can move to the second Buyer as long as the first deal is finished. That's...
04/15/2018
Ontario’s New Lease Form Ontario is bringing in a new mandatory Lease form for residential transactions effective 1 May 2018.Here is a link to the Form:http://www.forms.ssb.gov.on.ca/mbs/ssb/forms/ssbforms.nsf/FormDetail?OpenForm&ACT=RDR&TAB=PROFILE&SRCH&ENV=WWE&TIT=2229E&NO=047-2229E There's a n...
04/15/2018
Terms Posted Rates Preferred Rates 6 mos 3.14% 3.10%1 year 3.04% 2.99%2 year 3.24% 3.24%3 year ...
04/15/2018
Statutory Severance of the Joint Tenancy of a Matrimonial Home in OntarioHere is the relevant section of the Family Law Act:26 (1) If a spouse dies owning an interest in a matrimonial home as a joint tenant with a third person and not with the other spouse, the joint tenancy shall be deemed to ha...
04/14/2018
Brian Madigan Courses – AEA ProgramI have changed the format somewhat. The AEA Program consisting of 10 Courses is now available in three day and five day formats. For the 5 day program, there’s more detail and more time for questions. Day 1 is 19 April (of the three day program)Day 2 is 26 April...
04/14/2018
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% 3.39% 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 ...
04/14/2018
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 2.43%*CANHOU 06/15/23 [+0.01] 5 Year - 2.10%CAN 1.0 03/01/23 [+0.01] 1.62% [-] 10 Year - 2.66%*CANHOU 03/15/28 [+0.03] 10 Year - 2.25%CAN 1.0 0...
04/13/2018
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% 3.39% 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%
04/09/2018
How to Change a Few Dates in the Agreement (Ontario)This is an interesting issue. There are several approaches to this, and ultimately no correct answer.The AgreementBob, the Buyer, and Sam, the Seller, strike a deal on a house. They have set out in their agreement in various clauses that Bill wi...
04/08/2018
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