ARCHIVED BLOG POSTS
2012
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Ontario Real Estate Source By Brian Madigan LL.B. Real estate agents under legal obligations to collect and maintain certain records with regard to real estate transactions.These obligations arise under the Proceeds of Crime (Money Lau...
12/31/2012
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The issue of “materiality was recently considered by the Supreme Court of Canada in Sharbern Holding Inc. v. Vancouver Airport Centre Ltd. (2011). The important aspects of the test for materiality are considered from the perspective of a reasona...
12/30/2012
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Ontario Real Estate Source By Brian Madigan LL.B. This is a simple question and sometimes gives rise to significant problems. The general advice given by lawyers traditionally has been that vacant possession must...
12/30/2012
Ontario Real Estate Source By Brian Madigan LL.B. The issue of “materiality” in the context of a real estate transaction is always important. Under the Code of Ethics passed pursuant to the Real Estate and Business...
12/29/2012
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Ontario Real Estate Source By Brian Madigan LL.B. While there are some advantages to joint tenancy, there are also some problems. The primary advantage is the ease of administration of a deceased's estate. It is simple and uncomplicated, nothing more than the registratio...
12/28/2012
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Ontario Real Estate Source By Brian Madigan LL.B. Question: I am concerned about my mother. Ten years ago, she married a man who now seems to be in ill health. He has operated his own business for over thirty years. Their only real asset is the house. He refuses to make...
12/28/2012
Ontario Real Estate Source By Brian Madigan LL.B. Since we know that there is a problem signing the current version of the Confirmation of Acceptance, how should the statement be handled? It looks like you have the following options: 1) Amend it, and Sign it 2) H...
12/21/2012
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Ontario Real Estate Source By Brian Madigan LL.B. The current version of the standard form Agreement of Purchase and Sale by the Ontario Real Estate Association (OREA) includes a “Confirmation of Acceptance. This statement appears below the signature lines for the parti...
12/21/2012
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Ontario Real Estate Source By Brian Madigan LL.B. If you look back to the previous version of the OREA standard form Agreement of Purchase and Sale, you will find a Confirmation of Execution. It followed the signature line for the parties and looked like this: Confi...
12/20/2012
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Terms Posted Rates Preferred Rates 6 MONTHS 4.45% 3.95% 1 YEAR 3.20% 2.65% 2 YEARS 3.55% 2.69% 3 YEARS 3.95% 2.75% 4 YEARS 4.64% 3.09% 5 YEARS 5.34% 2.94% 7 YEARS 6.35% 3.69% 10 YEARS 6.75% 3.79% Rates are subject to change without notice. OAC E&OE CURRENT PRIME RATE IS 3.00% PRODUCT RATE 5 Y...
12/17/2012
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Brian Madigan
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