Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)

ARCHIVED BLOG POSTS

2018 

Terms                           Posted Rates              Preferred  Rates 6 months                     3.14%                          3.10%1 year                          3.04%                          2.89%2 year                          3.24%                          2.54%3 year               ...
01/30/2018
When Can you “Call-back” an Offer in Dual Agency?This situation is somewhat unusual, perhaps more “theoretical than real”. Here’s the question.Question:You obtain a listing, show the property to a buyer and obtain an offer from that buyer. The offer states the deposit was submitted "upon acceptan...
01/29/2018
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.79% Fixed 2 Year 3.24% 2.94% Fixed 3 Year 3.44% 2.99% Fixed 4 Year 3.89% 3.29% Fixed 5 Year 5.14% 2.99% Fixed 7 Year 5.30% 3.69% Fixed 10 Year 6.10% 3.74% Variable Rate 2.55% Prime Rate 3.45% Benchmark Rate 5.14% Cost per ...
01/29/2018
 Loss of Mental Capacity by Sellers (Ontario) Question: You are the potential Listing Agent and both the husband and the wife (elderly couple) are concerned that the other partner is losing his/her faculties Answer:Incapacity, incompetency, undue influence, trustees, committees, attorneys (appoin...
01/27/2018
Lack of Property Insurance (Ontario)Question:My clients are closing soon on their property and they have been inquiring about insurance and they are getting rejected. This is an old end row house. There is no firewall between the wall that is attached to the house next door. This is what some ins...
01/27/2018
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 2.39%*CANHOU 06/15/23 [-0.01]       5 Year - 2.07%CAN 1.0 09/01/22 [-]       1.45%                     [-]                       10 Year - 2.64%*CANHOU 03/15/28 [-]       10 Year - 2.27%CAN 1.0 06/01/27 ...
01/26/2018
Dividing up the Matrimonial Home Between Spouses (Ontario)There are two issues under the Family Law Act concerning a matrimonial home:1)    Equity,2)    Possession.The Act says that you can’t deal with the issue of possession. But, of course, you could deal with equity.That means that one spouse ...
01/26/2018
Matrimonial Home and Division of Equity (Ontario)Question:If I owned a home before getting married, then got married then divorced does my ex get half of the value of the home (it could be a matrimonial home or not ,let’s see both scenarios). Answer:You cannot deal with the equity in a matrimonia...
01/24/2018
Salt, Sand and Shovel Before the Open HouseLet’s assume that you are a real estate agent and you have agreed to host an Open House for your client.Question:Who is responsible if someone falls on the slippery front step?Answer:You are!You are responsible since you have certain responsibilities imp...
01/23/2018
Role of the Agent in Getting Mutual Release Signed in OntarioQuestion:Do you always have to get a mutual release signed? I had a deal without a deposit.Answer:One of the primary difficulties associated with the mutual release is that it is used when one party is in breach of contract and the othe...
01/23/2018
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BrianMadigan

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