Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
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 ...
08/13/2019
Toronto and GTA Markets in July 2019This is the recently released report of the Toronto Real Estate Board concerning the July 2019 results:          GTA REALTORS® Release July 2019 Stats TORONTO, August 6, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto ...
08/13/2019
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% Rates may vary provin...
08/12/2019
 No Delivering or Receiving Notices in Multiple RepresentationQuestion:"When brokerage represents both the Seller and the Buyer (multiple representation) the brokerage is not entitled or authorized to be an agent for either the Buyer or the Seller for the purposes of giving/receiving notices". Wh...
08/12/2019
Use of Forms 300 and 310 (Ontario)Form 300 and Form 310 are both used to evidence the Buyer Contract.What is the relationship? If it’s agency, which is client services, then it’s Form 300.If it’s non-agency, then it’s customer services and this Form 310 is what is required.
08/09/2019
Commercial Bond Yields CMB 5 Year - 1.55%* CANHOU 12/15/24 [-0.04]   ‌ 10 Year - 1.62% CANHOU 09/15/29 [-0.03]   * denotes interpolated rate GoC 5 Year - 1.18% CAN 1.50 09/01/24 [-0.04]   ‌ 10 Year - 1.20% CAN 2.25 06/01/29 [-0.03] GOC Bonds are for reference purposes only Floating rate insured ...
08/09/2019
HIGH RATIO fixed term best discounted rates & posted rates as of August 8, 2019 Terms                           Posted Rates                 Our Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          3.04%2 year      ...
08/08/2019
TERM POSTED Preferred RATES* 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 Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.19% Cost per ...
08/07/2019
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%
08/06/2019
Market Drops, Buyer Defaults, Seller Gets Summary Judgment We know that 2017 was not a good year for residential real estate. The general view that the real estate market is always going up is not necessarily true. In 2017, the market backfired and there were a host of defaulted deals. This is an...
07/31/2019
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Brian Madigan

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