More on Deposits (Ontario)Question:I’m trying to find information about deposits. If schedule B says certified or draft, and a personal cheque is dropped off, can it be refused? What about sending a picture of the draft and sending it by UPS, what timeline counts? When the picture was sent? Or wh...

12/01/2018

Former Son-in-law on Title: Options (Ontario)

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Former Son-in-law on Title: Options (Ontario)Question:I have a property waiting to be listed. An older lady is the owner, however her estranged son-in-law is also on title (Although he never bore any carrying costs of the property).She wants to sell it on her own, but he wants money to be removed...

12/01/2018

Criminal Records Check (Ontario)

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Criminal Records Check (Ontario)Question:I’m in the process of applying for my criminal check but it’s asking whether I’m doing Police criminal and judicial check or police vulnerable sectors check; which one am I supposed to do?Answer:The vulnerable one also applies to coaching, working in hosp...

12/01/2018

The Act and the Code (Ontario)

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The Act and the Code (Ontario)Question:How do I know where to find the answers to real estate practice questions?Answer:It's difficult to remember, there is no simple way. You have to look things up, look things up and then look things up again.After a while you remember where you found the answe...

12/01/2018

Mortgage Rates - 1 December 2018 (Toronto and GTA)

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TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.34% 3.19% Fixed 2 Year 3.74% 3.19% Fixed 3 Year 3.89% 3.39% Fixed 4 Year 3.94% 3.64% Fixed 5 Year 5.59% 3.49% Fixed 7 Year 5.80% 3.74% Fixed 10 Year 6.10% 4.04% Variable Rate 2.85% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...

12/01/2018