Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Calculating the Equalization Payment in OntarioQuestion:After a few years marriage, John and Maria are divorcing. John brought in $20,000 and Maria brought in $50,000. The difference, $50,000-$20,000=$30,000 should be equalized during divorcing process and Maria gets $15,000 (30000/2). Is that co...
10/13/2019
Confirmation of Acceptance: Who Signs! (Ontario)Question:Who signs the Confirmation of Acceptance in the event of a counter offer by the seller that is accepted by the buyer? (the buyer or the seller)? For example, Buyer submits an offer; Seller counters with a higher price, Buy Accepts.Answer:Th...
10/13/2019
Relisting and Resale (Ontario)Question:Can an agent relist a property on MLS without a signed mutual release for a previous deal? We were one day late with the deposit.Answer:If you were late with your deposit, then the Buyer is in breach of contract. The Seller has the option to terminate the co...
10/12/2019
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 2.69% Fixed 2 Year 3.74% 2.69% Fixed 3 Year 3.89% 2.69% Fixed 4 Year 3.94% 2.69% Fixed 5 Year 5.19% 2.64% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.19% Cost per ...
10/12/2019
Commercial Bond Yields CMB 5 Year - 1.84% CANHOU 12/15/24 [+0.17]   ‌ 10 Year - 1.96% CANHOU 09/15/29 [+0.16]   * denotes interpolated rate GoC 5 Year - 1.54% CAN 1.50 09/01/24 [+0.19]   ‌ 10 Year - 1.54% CAN 2.25 06/01/29 [+0.18]   ‌ 15 Year - 1.64%* CAN 06/01/35 [+0.14]   ‌ 20 Year - 1.68%* CA...
10/12/2019
HIGH RATIO fixed term best discounted rates & posted rates as of October 5, 2019 Terms                           Posted Rates                 Preferred Rates6 months                       3.34%                          3.30%1 year                          3.59%                          2.69%2 yea...
10/05/2019
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 2.69% Fixed 2 Year 3.74% 2.69% Fixed 3 Year 3.89% 2.69% Fixed 4 Year 3.94% 2.69% Fixed 5 Year 5.19% 2.64% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.19%
10/04/2019
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 2.69% Fixed 2 Year 3.74% 2.69% Fixed 3 Year 3.89% 2.69% Fixed 4 Year 3.94% 2.69% Fixed 5 Year 5.19% 2.64% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.19% Cost per ...
10/04/2019
Gas Well on PropertyQuestion: Does anyone have any experience representing a buyer on a rural listing with an owned gas well on the property? LA agent says it is owned and seller doesn't sell any of the gas; it services the property only. Questions to ask? Due diligence? Special Clause? Is it a c...
10/04/2019
Water Damage ClauseQuestion:[Warranty Clause question] Purchaser's lawyer wants to change a warranty clause to the following: "The Seller represents and warrants that, to the best of the Seller's knowledge, the premises have not suffered any prior water damage. The Parties agree that this represe...
10/04/2019
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Brian Madigan

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