Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Commercial Bond Yields CMB 5 Year - 1.66%* CANHOU 12/15/24 [+0.02]   ‌ 10 Year - 1.71% CANHOU 09/15/29 [+0.03]   * denotes interpolated rate GoC 5 Year - 1.33% CAN 1.50 09/01/24 [+0.02]   ‌ 10 Year - 1.29% CAN 2.25 06/01/29 [+0.03]   ‌ 15 Year - 1.43% CAN 12/01/34 [+0.03]   ‌ 20 Year - 1.52% CAN...
08/23/2019
Terms                           Posted Rates              Preferred Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2 year                          3.74%                          2.69%3 year               ...
08/22/2019
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 ...
08/21/2019
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...
08/20/2019
Changes to BRA (Ontario)Question:If a buyer has a buyer agency but the commission is crossed out and the holdover is crossed out then are they just liable until the end of the contract?Answer:Not quite sure what you mean by the commission being crossed out. If that is the entire clause, then, the...
08/20/2019
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%
08/20/2019
Tenant Fails to Leave (Ontario)Question:The Seller had a rather difficult Tenant and has sold the house, and has delivered the appropriate notices to the Tenant to terminate the tenancy. The Tenant has refused to cooperate and will not move out in time. What will happen on closing? Can the Seller...
08/15/2019
 Renter is a RECO Registrant: No Loss of Rights (Ontario)Question:I have clients who bought a rented condo 2 years ago, we did not know that the seller’s real estate agent was the renter. The agent never disclosed it. My clients sent a notice to the renter (the real estate agent) to move out and ...
08/15/2019
Time for Executing the AmendmentQuestion:Does an amendment have to be signed before a condition precedent timeline expires?Example: home inspection condition precedent until Monday at 2PM; amendment to extend home inspection condition signed/sent after 3PM Monday? Does this work?Answer:The Agreem...
08/15/2019
Be Sure to make Proper Use of Form 801For a considerable period of time, there was a concern about “phantom offers” in Ontario. A Buyer is looking at a property and just as they are about to submit an Offer, along comes another purchaser and suddenly they are in completion. Naturally, they increa...
08/14/2019
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Brian Madigan

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