Brian's Ontario Real Estate Blog

Agency: What Takes Precedence the Code or Common Law in Ontario?Question:REBBA 2002 requires a written agreement but then Agency Law states that it is not necessary to have a written agreement. Which would take precedence? Answer:The Act does not actually refer to “agency”, only “representation”....

Commercial Bond Yields CMB 5 Year - 1.51%* CANHOU 06/15/25 [+0.01]   ‌ 10 Year - 1.62%* CANHOU 06/15/30 [+0.02]   * denotes interpolated rate GoC 5 Year - 1.11% CAN 1.25 03/01/25 [-0.05]   ‌ 10 Year - 1.13% CAN 2.25 06/01/29 [-0.03]   ‌ 15 Year - 1.25%* CAN 06/01/35 [-0.02]   ‌ 20 Year - 1.31* C...

The Failed Deposit (Not Paid) - RemediesWhat happens if the deposit is not paid?The Listing Agent inquired:"My clients have decided not to deliver the deposit cheque because the house is suddenly in an inconvenient part of town for them.". (Buyer’s  agent).There is a clause conditional upon Finan...

 Solicitor’s Approval ClauseAt a recent Course on Writing clauses, we talked about setting up the Solicitor’s Review and Approval Clause as a Condition Subsequent rather than a Condition Precedent.This was not one of the 25 clauses under review.Here’s what a Condition Subsequent looks like for a ...

Commercial Bond Yields CMB 5 Year - 1.68%* CANHOU 06/15/25 [-0.03]   ‌ 10 Year - 1.73%* CANHOU 06/15/30 [-0.04]   * denotes interpolated rate GoC 5 Year - 1.35% CAN 1.25 03/01/25 [-0.03]   ‌ 10 Year - 1.34% CAN 2.25 06/01/29 [-0.04]   ‌ 15 Year - 1.43%* CAN 06/01/35 [-0.05]   ‌ 20 Year - 1.46%* ...

Toronto and GTA Markets in January 2020 This is the recently released report of the Toronto Real Estate Board concerning the January 2020 results:TORONTO, February 6, 2020 - TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s ML...

Derogatory Comments about LawyersQuestion:Is it a RECO violation for an Agent to make written derogatory comments against a client’s lawyer? Or is it just you can’t make derogatory comments against a fellow Agent?Answer:It’s not a violation under the Code of Ethics which simply deals with unprofe...

Toronto and GTA Markets in December 2019This is the recently released report of the Toronto Real Estate Board concerning the December 2019 results:“GTA REALTORS® Release December & Annual 2019 Stats TORONTO, January 7, 2020 – Toronto Real Estate Board President Michael Collins reported that Dece...

HIGH RATIO fixed term best discounted rates & posted rates as of January 21, 2020 Terms                           Posted Rates              Preferred Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          3.19%2 year ...

Commercial Bond Yields CMB 5 Year - 1.89%* CANHOU 06/15/25 [+0.01]   ‌ 10 Year - 1.97%* CANHOU 06/15/30 [+0.02]   * denotes interpolated rate GoC 5 Year - 1.58% CAN 1.50 09/01/24 [+0.01]   ‌ 10 Year - 1.58% CAN 2.25 06/01/29 [+0.02]   ‌ 15 Year - 1.68%* CAN 06/01/35 [+0.01]   ‌ 20 Year - 1.73%* ...