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Real Estate News from Popular Ontario Counties

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Story or Storey for House Levels in Ontario?The Britich spelling is “storey”The American spelling is “story”When you are talking about the level of a house, in Canada, it’s “storey”. The Canadian spelling recognized as correct at the present time in universities is “storey”. American spellings ar...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Negotiating Commission with a FSBO Question:Confirmation of Cooperation question: The scenario is as follows - I am representing the Buyer. They would like to submit an offer on a property listed with a flat fee brokerage and the commission advertised on the listing is significantly less than wha...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.63%*Canada housing 06/15/22 [-0.04]       5 Year - 1.16%CAN 0.50 03/01/22 [-0.04]       0.97%                      [-]                        10 Year - 2.30%Canada housing 06/15/27 [-0.08]       10 Ye...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Competing Offers: The RECO Rules (Ontario)Question: What are the RECO rules that states that in a multiple offer situation, the listing brokerage must disclose a multiple representation situation?For clarity purposes: Brokerage A lists a home and receives offers on it from Brokerage A, Brokerage ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Using a Very Similar Domain Name to the Developer (Ontario) Question:A condo developer in the area commenced marketing a new condo project. I have a very similar name. Their condo project doesn’t get the same number of hits as I do, and I rank #1 on Google for their project.They want me to change...

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 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 ...

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

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Competing Offers: The RECO Rules (Ontario)Question: What are the RECO rules  that states that in a multiple offer situation, the listing brokerage must disclose a multiple representation situation?For clarity purposes: Brokerage A lists a home and receives offers on it from Brokerage A, Brokerage...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Mice in the House – Any Remedy against the Seller?Question: As it turns out my client has an "infestation" of mice. It will cost $3000 to get them out through a pest control company.The Home inspector didn't recall any mice in the attic, athough there were a few droppings (there are traps there n...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Reduced Commissions Offered on MLSQuestion:From time to time, someone will post an excessively low commission to the co-operating Broker. I think this is unfair. The Listing Brokerage is trying to double-end the deal, and the other Brokerages really don’t have a chance. Answer:If we had a differe...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 2
                  STREETSVILLE NEIGHBOURHOOD SALES                         JANUARY 1, 2017 - FEBRUARY 11, 2017                   STREET NEIGHBOURHOOD LIST PRICE TYPE STYLE BEDS SOLD DATE Tannery Street               Streetsville $299,888 Condo Apt. Apartment     1 2/7/2017 Falconer Drive         ...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 4
HOW TO GET TOP DOLLAR FOR YOUR HOMEFIRST IMPRESSIONSDID YOU KNOW? It only takes 6 seconds for a perspective Buyer to form an impression of your home after walking through the threshold of your front door?When you have your home on the market, a positive first impression is what will make your hom...

By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Kingsway Real Estate Brokerage)
Comments 0
Sara Kareer - PLATINUM AGENT FOR M CITY CONDOS Hey Condo Lovers and Investors!! I'm excited to announce that I'm a PLATINUM AGENT for the new M CITY CONDOS in downtown Mississauga, located at Burnhamthorpe and Confederation Parkway,  Owned by telecommunications giant Rogers, this master-planned c...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 5
TESTIMONIALSWHAT MY CLIENTS SAYIn addition to receiving wonderful testimonials from my clients, I was honoured in 2015 to receive the prestigious “PAIGE” Award by Better Homes and Gardens Real Estate.This award recognizes the embodiment of BHGRE®’s core values of Passion, Authenticity, Innovation...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.59%*Canada housing 06/15/22 [+0.04]       5 Year - 1.07%CAN 0.75 09/01/21 [+0.04]       0.97%                      [-]                        10 Year - 2.32%*Canada housing 06/15/27 [+0.06]       10 Ye...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 3
Divorcing Couple Offer Presentation and Conflicting InstructionsQuestion:I have a listing with offer to be presented tonight at 8:00pm. Owners are husband and wife, divorcing.Wife has told me she does not want any more showings and does not want to sell and she doesn't want any offer presentation...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 5
Seller Dies Before ClosingQuestion: I have done a few Estate sales and understand the probate clause, but what happens if the Seller passes away after the house has been sold but has yet to close? I understand the APS. I am NOT suggesting anyone wants out of the deal! I am hoping the closing date...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 4
Seller Commission Reduction Question:A property is listed for sale and offers co-operating agents X.5% plus HST.The Co-Operating Brokerage submits and offer reflecting the X.5%The Listing Brokerage without any discussion or correspondence about the offer and/or the commission sends back a counter...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 2
 Recent Sales HighlightsThe shortage of listings here in Uxbridge is continuing to push asking prices upward for certain type of homes in demand areas.Over the last 14 days there have been 10 residential single family home sales in Uxbridge, of those only two sold over asking.Two homes sold for t...

By Gloria Valvasori, ASA, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 6
                      BUYING A HOME WITH A POOL? Are you considering purchasing a home with an in-ground pool? Do you imagine hot, lazy afternoons, lounging by your pool with friends and family? Become an informed buyer, do your research, and ensure your real estate agent includes the appropriate...

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