Real Estate News from Popular Ontario Cities

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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
There is always a great deal of confusion and discussion concerning conditions and escape clauses contained in agreements relating to real estate. But, it is really rather straightforward and the documentation depends upon how the escape clause was written in the first place.There are really just...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The latin expression "inter alia" means "among other things".The reference is often made when a short quotation or extract is made. The words "inter alia" are added so that the reader will know and appreciate that the quotation was not the full quotation in its entirety. There was more, so the re...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Term Posted Rates Preferred Rates*  1 Year   3.29%  2.29%   2 Year   3.09%   2.19%   3 Year   3.39%  2.34%  4 Year   3.89%   2.54%  5 Year   4.49%  2.54%    7 Year   5.29%   3.39%   10 Year  5.79%    3.84%    Prime Rate: 2.85%  Variable Rate: 2.15%  
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
OREA Form 801 ~ Commentary   Bill 55 comes into force on 1 July 2015. For real estate agents, it will permit e-signatures and will require the Brokerage acting on behalf of the Seller to retain either:   1)    A copy of all Offers, or 2)    A copy of a prescribed document.   The choice with this...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Buyer Representation Agreement (Ontario) Explained by Brian Madigan This is now in Kindle book format which can be acquired through Amazon http://www.amazon.ca/dp/B0108H66YS/   The book summarizes the law of agency as represented by the standard form “BRA” agreement. This is an ideal tool for the...
By Sham Pathania
(Homelife/United Realty Inc. Brokerage)
Comments 1
SPECIAL DEPOSIT PROGRAMFind the key to fine Living at Key West in Etobicoke5% ONLY FOR UNITS UNDER450000 WITH MORTGAGE APPROVAL5% ON OCCUPANCYIN ADDITION2% OFF purchase priceThousands in Upgrades1 Parking and 1 Locker Models Fully Furnished - Occupancy Starting from January 2016 Type Model Suite ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
The latin expression "sui juris" commonly indicates the "capacity to contract in law".The legal dictionary definitions seem to repeat a common classical theme:1) To make a valid contract, a person must, in general, be sui juris,2) Every one of full age is presumed to be sui juris,3) One who has ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Counter Offer ~ OREA Form 107 When considering the number of standard forms in use in Ontario as prepared by the Ontario Real Estate association (OREA in 2011), it is easy to conclude that this particular form was rather hastily put together. Inherently, there are a number of fundamental concerns...
By Susan Emo, Kingston and the 1000 Islands Area
(Sotheby's International Realty Canada - Brokerage)
Comments 0
  Well appointed open concept living with southern exposure capturing seasonal views of the St. Lawrence River provides exquisite comfort for the discerning buyer.   This home captivates all of your senses from the moment you enter.  A fabulous floor plan with entertainment size living space inc...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 1.38%*Canada Housing 12/15/20 [-0.02]       5 Year - 0.81%CAN 3.50 03/01/20 [-0.02]       0.97% [-]                       10 Year - 2.27%*Canada Housing 12/15/25 [-0.04]       10 Year - 1.70%CAN 2.25 06/...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms The Bank Preferred Rates 1 Year 3.14% 2.79% 2 Years 3.14% 2.34% 3 Years 3.80% 2.49% 4 Years 4.54% 2.59% 5 Years 4.84% 2.69% 7 Years 5.30% 3.39% 10 Years 6.10% 3.89% VIRM 2.85% 2.20% The prime rate is 2.85%
By Wayne Liddy, Waterfront homes in Chatham-Kent
(ROYAL LEPAGE PEIFER REALTY INC. BROKERAGE)
Comments 1
Chatham-Kent is a Busy Place this Weekend: Something for Everyone.   I hope everyone enjoys or enjoyed, depending on when you read this, Canada Day Celebrations with your families. Hopefully you caught some of the firework display in Chatham-Kent. The fun is not over. This weekend has something ...
By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 0
There are currently 125 active listings of Homes for sale in Uxbridge on The Toronto Real Estate Board (TREB) MLS®. Currently ..... Median Asking Price $749,900There were 125 homes listed for sale at the end of the week on the TREB MLS® System in Uxbridge with a price range from $184,900 to $7,75...
By Susan Emo, Kingston and the 1000 Islands Area
(Sotheby's International Realty Canada - Brokerage)
Comments 4
246 Island View Drive in the 1000 Islands area is available to purchase.   Offers invited at $1,600,000 Canadian (which at today's exchange rate is only $1,289,386. US) This offering isn't just a house, it's a lifestyle, envied by many!Executive waterfront home on a large treed lot nestled in a p...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.89% 2.29% 2 YEARS 2.84% 2.19% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.59% 7 YEARS 5.30% 3.39% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE Prime Rate 2.85% 5 yr variable 2.20%
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 3
Electronic Signatures for Real Estate Transactions in Ontario   These signatures will be permitted in Ontario effective 1 July 2015. Certain changes to the Electronic Commerce Act will permit this.   Here is the definition in the Act:   “electronic signature” means electronic information that a ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The answer is “no”, but a lot of people don’t believe it.Let’s assume that Bob puts in an Offer to buy Bill’s property. The offer is accepted and contains some conditions, including financing and home inspection.The agreement is struck Tuesday and the conditions expire on Friday. However, Friday ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The latin expression "ex officio" means "from the office" or "by reason of the office".It is one of the most common legal terms derived from latin. And, everyone seems to know exactly what it means. Yet, on second thought, they might not be quite so sure.Here's the issue. A prominent individual i...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The latin expression "corpus juris" simply means "body of law". In fact, it's the entire body of laws in a country or a jurisdiction. Commonly, the expression is used in the United States, but used somewhat less frequently in other jurisdictions.Sometimes, it might be used in the reasons for Judg...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The latin expression "ad litem" pronounced "ad light um" means "for this suit" or "for the purposes of this lawsuit". Generally, the expression is used in connection with the term "guardian", so that the term appears as "guardian ad litem". In a lawsuit, there are various parties, being plaintiff...

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