ARCHIVED BLOG POSTS
2019
HIGH RATIO fixed term best discounted rates & posted rates as of April 30, 2019 Terms Posted Rates Preferred Rates6 mos 3.34% 3.30%1 year 3.59% 3.19%2 year ...
04/30/2019
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Confusion over DisclosureThere is some confusion here. The indirect interest is set out in s.32 of the Act. That disclosure would go to the Seller, only in the case of a direct or indirect interest. The “related party” disclosure under s. 18 of the Code does not go to the Seller; it goes to the r...
04/28/2019
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Late Notification of DisclosureQuestion:Sold a property last night. Once the deal is signed buyer agent tells me. "Oh yaaaa can you sign this disclosure, my wife is the buyer"? Is this legal in Ontario? As far as I know, you must disclose BEFORE sending an offer.Answer:If the disclosure is requir...
04/28/2019
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FLA Supercedes Joint Tenancy (Ontario)Question:One of the questions in the practice test asks if Jim and Dan are joint tenants of a property, Dan is living overseas and Jim and wife live in the house, then Jim dies who gets the property. I answered Dan through survivorship but the answer says Jim...
04/28/2019
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.19% Fixed 3 Year 3.89% 3.09% Fixed 4 Year 3.94% 3.19% Fixed 5 Year 5.34% 3.09% Fixed 7 Year 5.80% 3.49% Fixed 10 Year 6.10% 3.44% Variable 2.95% Prime 3.95% Benchmark 5.34%
04/26/2019
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Lakefront Properties in OntarioQuestion:If a property owner has a lot on the lake and there is no road allowance how do you know how far up to the lake they own when the beach is for public use? I'm getting mixed thoughts when I research online, with high and low tides.Answer:The lake doesn't mo...
04/26/2019
Commercial Bond Yields CMB 5 Year - 1.88% CANHOU 06/15/24 [-] 10 Year - 2.19%* CANHOU 09/15/29 [-] * denotes interpolated rate GoC 5 Year - 1.54% CAN 2.50 06/01/24 [-] 10 Year - 1.68% CAN 2.0 06/01/28 [-] GOC Bonds are for reference purposes only Floating rate insured cost of funds...
04/26/2019
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Disclosure of Material Facts in OntarioA real estate agent must investigate, determine and verify the material facts, and then disclose such facts to “their” clients and customers, not other people’s clients and customers, just their own. So, the murder, if you know about it, and you’re the Listi...
04/25/2019
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.19% Fixed 3 Year 3.89% 3.09% Fixed 4 Year 3.94% 3.19% Fixed 5 Year 5.34% 3.09% Fixed 7 Year 5.80% 3.49% Fixed 10 Year 6.10% 3.44% Variable Rate 2.95% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...
04/22/2019
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Joint Tenancy Severance and DeathIf one joint tenant (A) out of three (A, B and C) sells his share to X , then X becomes tenants in common with joint tenant B and C. Now if B dies the property has tenancy in common with X and C. If unfortunately C also die will X be the sole owner of the prope...
04/21/2019
Rainmaker
1,600,613
1,600,613
Brian Madigan
LL.B., Broker
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