Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Notices in Multiple Representation SituationsQuestion:Clause 3 (Representation) of the Listing Agreement? "Where a Brokerage represents both the Seller and the Buyer (multiple representation), the Brokerage shall not be entitled or authorized to be agent for either the Buyer or the Seller for the...
03/26/2017
Coming Soon Riders in OntarioQuestions:1.      Can I just place a “Coming Soon” rider on a sign? (i.e. implying Coming Soon to MLS (which is on my sign))2.      Does the rider have to say “to Realtor.ca” or “to MLS”3.      Do I have to cover the MLS insignia on my sign?Answers:      Yes if you ha...
03/25/2017
Tenancy Renewal Form in OntarioQuestion:Is there a standard form Renewal Agreement for leases.Answer:For some strange reason, there is no OREA Form for renewals. These documents certainly exist, and are often referred to as Extension Agreements, as well as Renewals. You could also use an Amendmen...
03/25/2017
Can You Terminate a “Joint Tenancy” by Executing a Will?Question:I read that "A joint tenant cannot bequeath his or her interest by means of a will...". Does that mean that even if there is a Will of John Smith, due to the right of survivorship, the other joint tenant William Smith will takeover ...
03/25/2017
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.58%Canada housing 06/15/22 [-]       5 Year - 1.15%CAN 0.50 03/01/22 [-]       0.99%                       [-]                        10 Year - 2.25%Canada housing 06/15/27 [-]       10 Year - 1.66%CAN...
03/24/2017
Fixed term best discounted preferred rates & posted rates as of March 23, 2017 6 mos                                 3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.14%          2.84%3yr                                     2...
03/22/2017
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 3.04% 2.44% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.59% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.24% 10 YEARS 6.10% 3.79% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.20%
03/22/2017
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.44% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.59% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.10% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
03/21/2017
Term Preferred Rate Our Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.44% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.59% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable 2.00% Prime 2.70% Benchmark 4.64%
03/20/2017
Executing the Notice of Fulfillment Questions: Some questions about a Notice of Fulfillment.1)    Does a seller have to sign a NOF (as well as buyer),2)    Is the time/date stamp on an e-signature important, and3)    Can the signature be dated to the previous day, providing that it does not impac...
03/19/2017
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Brian Madigan

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