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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 - 1.53%Canada housing 12/15/21 [+0.01]       5 Year - 1.06%CAN 0.75 09/01/21  [+0.02]       0.96%                      [-]                        5 Year - 1.62%*Canada housing 06/15/22   [+0.01]           ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Use of Maiden Name Might Conceal ExecutionsQuestion:Is it proper to use the maiden name of a married woman, because the property was originally acquired in that name? Answer:Assume Mary Smith purchased the property and subsequently married James Brown, and changed her name to Mary Brown. She’s NO...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Returning the Deposit in a Failed TransactionWhat documents do you need?You are going to have to have some paperwork for the file. If the deal fell through and the deposit is to be returned to the Buyer then you will need:1)    A Mutual Release, or2)    A Court Order.Where did I get that idea? Ac...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Seller’s Remedies Having Signed a Mutual ReleaseYou can probably imagine that a Seller may be upset, sign a Mutual Release and then regret it afterwards. This would particularly be the case if the Seller felt that he received improper advice in respect to signing the Mutual Release.So, consider t...
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 2.89% 2.29% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.20% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.20% 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
Fixed term best discounted & posted rates as of November 30, 2016 6 mos                                 3.10%         3.14%1yr                                     2.29%          3.04%2yr                                     2.14%          2.84%3yr                                     2.24%         ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Execution of the Mutual Release in Real Estate TransactionsThe issue presents itself with every failed transaction. Sign the Mutual Release, give the Buyer his deposit and move on.But, is that really the best idea?In a number of transactions, the Buyer will be in breach of contract. In those case...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Mutual Releases In Ontario Question:If a deal gets accepted and the buyer says they changed their mind before delivering deposit, is a mutual release still required? What's everyone's take on whether Is the deal is null and void if the deposit isn't delivered? Can a buyer just say they changed th...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Failed DepositsIf the Buyer enters into an Agreement of Purchase and Sale, there are consequences if the deposit is not paid:         A late deposit is a breach of contract,         That particular breach is a breach of an essential term of the contract,         This breach gives rise to certain ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
TERM POSTED PreferredRATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.89% 2.29% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.20% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.20% Prime Rate 2.70% Benchmark Rate 4.64% Cost per $...
By Gloria Valvasori, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 6
For those of you who enjoy pancakes, (you can also use this recipe for waffles) but don't want to buy the mix with all the extra preservatives, here is a recipe I have been using for quite some time.  It produces golden, light, fluffy delicious pancakes... and it's only a matter of stirring a few...
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 - 1.44%Canada housing 12/15/21 [-0.01]       5 Year - 0.99%CAN 0.75 09/01/21 [-0.01]       0.96%                      [-]                        5 Year - 1.52%*Canada housing 06/15/22   [-0.01]            ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Theory of Relativity for Real Estate (Part 3: CREA Code of Ethics)There is one more element to be considered when we are discussing “close relatives” and disclosure obligations.About 70% of the registrants under RECO are also members of organized real estate. So, they are governed by the Real Es...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best discounted rates & posted rates as of November 23, 20166 mos                                 3.10%         3.14%1yr                                     2.29%          3.04%2yr                                     2.19%          2.84%3yr                                     2.34%    ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Theory of Relativity for Real Estate (Part 2: Who Do You Tell)A question that pops up frequently in real estate is the matter of disclosure when a real estate agent acts for a relative.Let’s consider a simple case. Bob is a real estate agent and he acts for his son Bill who is looking to buy a co...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
TERM POSTED PreferredRATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.89% 2.29% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.20% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.20% 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
Theory of Relativity for Real Estate (Part 1: Who’s Included)A question that pops up frequently in real estate is the matter of disclosure when a real estate agent acts for a relative.Let’s consider a simple case. Bob is a real estate agent and he acts for his nephew Bill who is looking to buy a ...
By Gloria Valvasori, Outstanding Service Since 1987 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 0
Another profound writing by Erma Bombeck - the humorist who wrote about every day life as a parent.. who could make me laugh... simply because I could relate... and they were all true."Someday, when my children are old enough to understand the logic that motivates a mother, I’ll tell them…I loved...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Listing Agent’s Duties When Confronted with a DefectSo, what does the Listing agent do when a defect shows up? This is something, of course, that they didn’t know about at the outset. It may have been concealed, it might not have been apparent, it might have been covered up. In any event, the Lis...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 3
 Maybe we simply have a case of Buyer’s remorse!What happens if the Buyer wants out of the deal?Assume that there is a condition upon inspection, and that such a condition is worded as follows:“This Offer is conditional upon the inspection of the subject property by a home inspector at the Buyer’...

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