ARCHIVED BLOG POSTS
2019
Multiple Representation By AccidentQuestion:Can you give me an example of implied agency?Answer:You are the Listing Agent hosting an Open House. You provide a person in attendance with “advice” rather than “information. You now have a prospective buyer with whom you have an implied agency agreeme...
07/23/2019
Joint Tenancy: Statutory TerminationYou might wonder about the statutory termination of a joint tenancy under the provisions of the Family Law Act. It is important to review the Act carefully in order to understand it. Here is what the Family Law Act says: “If a spouse dies owning an interest in ...
07/23/2019
Joint Tenancy Creation and Termination Explained Joint tenancy is a rather old common law method of property ownership. Essentially, it includes the right of survivorship as one of its provisions. The basic arrangement would be tenancy in common, that is like partnership property and there are no...
07/22/2019
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.04% Fixed 2 Year 3.74% 2.89% Fixed 3 Year 3.89% 2.79% Fixed 4 Year 3.94% 2.94% Fixed 5 Year 5.19% 2.74% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.19%
07/22/2019
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Square FootageIt’s mathematics, it’s just numbers, it’s not complicated. The Canadian Real Estate Encyclopedia which is applicable in all Provinces except Quebec set out the formula. MPAC adopted that exact same formula and it has been mentioned here several times over.Some people would like an a...
07/17/2019
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Acceptance: The Exact TimingCertainly, everyone wants to know that their Offer has been accepted, otherwise, there’s no contract.Signed, Sealed and DELIVEREDIt’s the delivered part which is the actual acceptance.So, when did that happen? Exactly!In Person This would be the time when the ...
07/17/2019
HIGH RATIO fixed term best discounted Invis rates & posted rates as of July 16, 2019 Terms Posted Rates Preferred Rates6 mos 3.34% 3.30%1 year 3.59% 3.04%2 ye...
07/16/2019
Spouse as Defined in the Family Law ActThe real problem with the term “spouse” is that there are actually two definitions, not one, but two.For the sake of simplicity, I will describe them as:1) Property spouse,2) Support spouse.If you are a real estate agent, then you need to know the mean...
07/16/2019
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.04% Fixed 2 Year 3.74% 2.89% Fixed 3 Year 3.89% 2.79% Fixed 4 Year 3.94% 2.94% Fixed 5 Year 5.34% 2.74% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.34%
07/15/2019
Spousal Consent and the Pre-nuptial Agreement in OntarioQuestion:Under the pre-nuptial agreement there are no rights whatsoever for the wife in respect to the matrimonial home. Does she still sign spousal consent?Answer:The pre-nuptial agreement can deal with every aspect of the matrimonial home ...
07/15/2019
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Brian Madigan
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