Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
What do you mean by acceptance and communicating? Going back to 2008, there was a different section here. It was called the Confirmation of Execution. That meant the last person to sign, but that particular information had no value.So, it was changed to COA or Confirmation of Acceptance. That inf...
07/26/2017
Fixed term best discounted rates & posted rates as of July 26, 2017 6 mos                                 3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.14%          2.84%3yr                                     2.34%       ...
07/26/2017
Tenants-in-Common – Who Signs Confirmation of Acceptance in OntarioQuestion:If two business associates who are tenants in common, accept an offer to sell their property, who signs the Confirmation of Acceptance, and when? Assuming they are not together when the offer is presented and they receive...
07/25/2017
 REBBA Review RECO LetterThe Ministry of Government and Consumer Services is undertaking a review of the Real Estate and Business Brokers Act, 2002.Everyone is invited to make submissions. I have seen and reviewed the submissions made by many people and organizations alike.I thought that I was mi...
07/16/2017
Fixed term best discounted  & posted rates as of July 14, 2017 6 mos                                 3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.14%          2.84%3yr                                     2.34%          3....
07/16/2017
The Latin Term "Affidavit" ExplainedBy Brian Madigan LL.B.The latin term "affidavit" is a very common term used in law. Translated, it means "he who has declared upon oath". The meaning is rather specific. It refers to a document that is verified under either oath or affirmation and where the dep...
07/16/2017
Paid Too Much / Any Recourse?Question:I had a property listed at $599,000 expecting multiples. A Buyer’s Agent who was aloof, reticent and condescending submitted an Offer at $690,000.I had made it quite clear that there were no other Offers.As time progressed to closing two appraisers attended a...
07/16/2017
FINTRAC Information is ConfidentialQuestion:Writing up an offer and the Schedule B has this funny clause that they want to be able to inspect the FINTRAC form. Is this not right?Answer:The Act stipulates you and the other party are subject to criminal penalties of up to 5 years in jail or a fine ...
07/16/2017
Specific Performance as a Remedy in OntarioQuestion:I am representing the buyers in a deal that is firm and set to close in a few weeks.. The Listing Agent says her client wants to back out of the deal. My clients' lawyer says we can't force them to close and that the best they can do is purchase...
07/16/2017
Tenancy Assumption and Closing Issues At the End of the Month (Ontario)Question:I have a closing scheduled for the end of the month and given proper notice to the Tenant’s to vacate. I now understand that they won’t be out.What should I have done here?AnswerLet’s assume that the closing is schedu...
07/15/2017
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Brian Madigan

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