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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.83%* CANHOU 12/15/24 [+0.11]   ‌ 10 Year - 1.93% CANHOU 09/15/29 [+0.14]   * denotes interpolated rate GoC 5 Year - 1.51% CAN 1.50 09/01/24 [+0.13]   ‌ 10 Year - 1.51% CAN 2.25 06/01/29 [+0.15]   ‌ 15 Year - 1.64%* CAN 12/01/34 [+0.14]   ‌ 20 Year - 1.71%* C...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms                           Posted Rates              Preferred Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2 year                          3.74%                          2.69%3 year               ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
What You See is What You Get in Real Estate Many people would think that what’s in an Agreement of Purchase and Sale would govern. Apparently, not! It’s what is visible and what a prospective purchaser would think was part of the property. In LeMesurier v. Andrus (1986) the Ontario Court of Appea...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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% 2.89% Fixed 10 Year 6.10% 2.94% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.19% Cost per ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Amending Agreements, Satisfying Conditions, Waiving ProvisionsThere are two methods to handle these matters:1)    Long form,2)    Short form.Long Form MethodLet’s assume that you have a Condition included in an Agreement which reads as follows:“Financing: This Offer is conditional upon the Buyer ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Toronto and GTA Markets in August 2019 This is the recently released report of the Toronto Real Estate Board concerning the August 2019 results: "GTA REALTORS® Release August 2019 Stats TORONTO, SEPTEMBER 5, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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% 2.89% Fixed 10 Year 6.10% 2.94% Variable 2.90% Prime 3.95% Benchmark 5.19%

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.66%* CANHOU 12/15/24 [+0.08]   ‌ 10 Year - 1.74% CANHOU 09/15/29 [+0.08]   * denotes interpolated rate GoC 5 Year - 1.32% CAN 1.50 09/01/24 [+0.10]   ‌ 10 Year - 1.29% CAN 2.25 06/01/29 [+0.08]   ‌ 15 Year - 1.44%* CAN 12/01/34 [+0.06]   ‌ 20 Year - 1.52%* C...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
HIGH RATIO fixed term best discounted Invis rates & posted rates as of September 3, 2019 Terms                          Posted Rates              Preferred Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
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 ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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%

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Cooperating Brokerage Sues Seller Directly For Commission Is this even possible? In this situation, the Cooperating Brokerage was not paid its commission in full as provided in the MLS Listing. So, the Brokerage sued the Seller/Owner directly. How did they do that? Let’s have a look at the MLS ru...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.54%* CANHOU 12/15/24 [+0.01]   ‌ 10 Year - 1.59% CANHOU 09/15/29 [+0.02]   * denotes interpolated rate GoC 5 Year - 1.20% CAN 1.50 09/01/24 [+0.02]   ‌ 10 Year - 1.15% CAN 2.25 06/01/29 [+0.02]   ‌ 15 Year - 1.31% CAN 12/01/34 [+0.02]   ‌ 20 Year - 1.40% CAN...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
HIGH RATIO fixed term best discounted rates & posted rates as of August 29, 2019 Terms                           Posted Rates                 Our Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2 year     ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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%

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Structuring the Commission Reduction (Ontario)Question:An agent I am working with is reducing her commission to make the deal work.The Confirmation of Cooperation and Representation (CCR)that outlines the full amount so does the listing agreement paid to the cooperating brokerage.She doesn't want...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Inappropriate Use of “Representation” in OntarioQuestionWhat about a “Mere Posting Brokerage” providing “representation” to the Seller? According to the salesperson, they say that they do it all the time, as in 90% of the time. Apparently, they say that there’s no agency.Answer:If they use the ex...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
    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 ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms                           Posted Rates              Preferred Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2 year                          3.74%                          2.69%3 year               ...

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