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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
Corporation’s Right to Evict for Personal UseQuestion: The Tenant pays rent to a corporation the registered owner of a house.Can the person who bought the house under the name of the corporation give the tenant notice with the intention of taking over the house for their own personal use at the e...
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 - 1.17%Canada Housing 06/15/21 [-]       5 Year - 0.61%CAN 0.75 09/01/20 [-]       0.82% [-]                       10 Year - 1.98%*Canada Housing 9/15/26 [+0.14]       10 Year - 1.17%CAN 2.25 06/01/25 [+0....
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Interesting to See that Toronto House Prices are Down in January 2016Listen, headlines are headlines and that’s all there is to it.If you want more information, you really have to drill down into the facts and statistics and weed through everything carefully.I appreciate that the real estate and ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
You cannot Evict Tenants from an Illegal Rooming House Question:Here are the basic facts: a multi-family property, consisting of 12 units, with 4 of those units being operated by the current owner as "rooming house", is being rented out by the bedroom rather than being rented out by the apartment...
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 2.70% 2.15% The prime rate is 2.70%
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
TERM POSTED Preferred RATES* Open 1 Year 6.30% - Fixed 1 Year 2.89% 2.29% Fixed 2 Year 2.84% 2.19% Fixed 3 Year 3.39% 2.20% Fixed 4 Year 3.89% 2.54% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.60% Variable Rate 2.15% Prime Rate 2.70% Benchmark Rate 4.64% Cost per $100...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Central Vacuum System in Disrepair (Remedies #2) Question:An Agreement of Purchase and Sale contains the following warranty:"all chattels and fixtures shall be in good working order of the  closing date"A Professional Home Inspector delivers a written report indicating that in his opinion the cen...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Electronic Commerce Act Contract Reference (Required or Not?)The following is wording that you will find in numerous real estate related documents:"The parties hereto consent and agree to the use of electronic signature pursuant to the Electronic Commerce Act 2000, S.O. 2000, c17 as amended from ...
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 2.89% 2.29% 2 YEARS 2.84% 2.24% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.74% 7 YEARS 5.30% 3.44% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.30%
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Is a Lease a Chattel or a Fixture?     Question: Is a Lease a Chattel or a Fixture? Answer: Quite clearly, for over 1,000 years a lease has been a chattel, but it doesn’t come easily to mind. You will appreciate that a Lease as a Chattel is not your normal, average, everyday chattel. If you sell...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Who Orders the Status Certificate?Question:Whose responsibility is it to obtain the Status Certificate? The Buyer’s lawyer, the Seller, the Seller’s Agent, the Buyer’s agent.I just had one, where I thought that my buyer client’s lawyer had ordered one. He hadn’t and now we are late.What went wron...
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 - 1.20%Canada Housing 06/15/21 [-0.04]       5 Year - 0.66%CAN 0.75 09/01/20 [-0.02]       0.81% [-]                       10 Year - 1.87%Canada Housing 12/15/25 [-0.06]       10 Year - 1.19%CAN 2.25 06/01...
By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Kingsway Real Estate Brokerage)
Comments 0
Estates of Credit Ridge Brampton Expired Listings If you read my previous Blog Post entitled "Estates of Credit Ridge Home Sales and Prices for 2015" you would know that there were 105 homes that sold in the Estates of Credit Ridge last year.   What I found more interestsing is that although ther...
By Gloria Valvasori, MASTER-ASA, Your Streetsville Village Connection
(Better Homes and Gardens Real Estate Signature Service)
Comments 2
In my 28+ years as a real estate agent, I can usually tell when I pull up in front of a home I'm about to show what the inside of a home will look like based on the exterior.  If the exterior is unkept thebyou can bet that the inside is generally the same.Curb AppealA vast majority of home buyers...
By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 0
There are currently 54 active listings of Homes for sale in Uxbridge on The Toronto Real Estate Board (TREB) MLS®.Currently ..... Median Asking Price $929,900 There were 51 homes listed for sale at the end of the week on the TREB MLS® System in Uxbridge with a price range from $239,000 to $4,370,...
By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Kingsway Real Estate Brokerage)
Comments 0
Reason to Smile Have a look at these young Montreal Canadiens hockey fans, and one boy in particular, after they receive souvenier hockey pucks from their heros.    His excitement and expressions are priceless!       If you're thinking of buying or selling a home and need a reason to smile, call ...
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 2.70% 2.15% The prime rate is 2.70%
By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Kingsway Real Estate Brokerage)
Comments 0
FIND OUT HOW MUCH YOUR ESTATES OF CREDIT RIDGE HOME IS WORTH   FREE REPORT on Estates of Credit Ridge House Prices  If you're curious about what your Estates of Credit Ridge home may be worth, here's an easy way to find out what homes like yours are selling for in today's market.  PLUS:  Get a FR...
By Gloria Valvasori, MASTER-ASA, Your Streetsville Village Connection
(Better Homes and Gardens Real Estate Signature Service)
Comments 0
Get a Mortgage Pre-Approval An important ingredient in a successful home search is knowing how much you can afford. You don’t want to fall in love with a property only to find out it’s outside your price range.That’s why I recommend getting a Mortgage Pre-Approval. This is a document from your ba...
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 2.89% 2.29% 2 YEARS 2.84% 2.24% 3 YEARS 3.39% 2.34% 4 YEARS 3.89% 2.54% 5 YEARS 4.64% 2.74% 7 YEARS 5.30% 3.44% 10 YEARS 6.10% 3.84% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.30%

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