Real Estate News from Popular Ontario Cities

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Real Estate News from Popular Ontario Counties

By Michelle Finnamore, Preparing your property for sale
(Vaughan and Toronto GTA)
Comments 2
Staging in Vaughan and Toronto we create rooms that look like a magazine shot to attract our ideal target buyers.Quite frequently the buyers love the look of the house so much they purchase the furniture we stage with as well. This is niche marketing at its best.In this home all we did was mix wo...

By Michelle Finnamore, Preparing your property for sale
(Vaughan and Toronto GTA)
Comments 0
Staging in the Vaughan and Toronto GTA area we come across the issue of scratched wood floors quite frequently.  Wood floors are the most popular flooring choice with home owners and they are hard to keep looking in good condition with daily living.We have found the pack of 3 furniture markets fr...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
 Indemnification on a MisrepresentationQuestion:I am trying to understand the indemnification on a misrepresentation.For instance, the listing agent descripted the sq ft in the listing according to the seller. The buyer put the offer and it was accepted. However, before the closing, the buyer fou...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 1
The Regional Municipality Of Durham Was created January 1st 1974 by the Province of Ontario under the Regional Municipality of Durham Act, 1973, is part of the restructuring of local governments by the Province. The Creation of Durham Region was accomplished by the annexation and amalgamation of ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Estate Administration Issues in OntarioQuestion:There are 3 daughters. Mom passes and leaves 2 of them as executors. Estate to be divided 3 ways. I receive the Listing. One of the executors now decides she wants to buy it from the other 2 daughters.She does not get along with the other 2 daughter...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
How do you like the idea of Designated Agency and no more “double ending” in Ontario, as proposed by the Ministry of Government and Consumer Services?It’s coming to Ontario, no matter what, in a few months.Designated Agency is commonplace in many States and Provinces to the artificial conflict of...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best discounted rates & posted rates as of June 24, 2017 6 mos                                 3.10%         3.14%1yr                                     2.34%          3.04%2yr                                     2.14%          2.84%3yr                                     2.34%       ...

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 - 1.61%*Canada housing 12/15/22 [-0.01]       5 Year - 1.14%CAN 0.50 03/01/22 [-0.02]       0.99%                       [-]                        10 Year - 1.99%Canada housing 06/15/27 [-0.01]       10 Y...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Damage by Fire Prior to closing (Ontario)Question:If you bought a house today, closing in September, but it burnt down in August... Do you still have to close the deal?Answer:There are several issues which are significant. This has to be “substantial” damage. The loss of a building may or may not...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
What Happens if the Seller Gets “cold feet”? (Ontario)Question:What happens when the seller decides he doesn't want to sell anymore. Offer accepted, all conditions met just closing in a few weeks and now seller doesn't want to close.Answer:The Seller is going to have to close or pull out their ch...

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% 2.34% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.44% 5 YEARS 4.64% 2.54% 7 YEARS 5.30% 3.14% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.00%

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% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.29% 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 1.95% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 1
Final Tax Bills - ReminderIf you live in Uxbridge, Ontario and are a property owner or if you simply own property in Uxbridge, Ontario the first instalment of your Final Property Tax Bill is due.Don't Miss The DeadlineYour first installment is due Monday June 26th for your 2017 Final Tax Bill. Ux...

By Edward Drennan, Serving the Oakville, Ontario Area
(Century 21 Dreams)
Comments 6
An outdoor office, a quiet place to read, a cozy setting to enjoy another's company or for meditation. Creating relaxing outdoor spaces help increase the value, current enjoyment & interest of your home!This is the first in a series of design inspirations co-written with Livia Drennan, founder of...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 2
For Local Government ServicesWho do you call when your water has a bad taste or your floor drain backs up?  Who do you call to find out what to do with your hazardous waste or you have large items to be picked up?Just who do you call for any number of residential service's provided by your local ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.29% 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 1.95% Prime 2.70% Benchmark 4.64%

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% 2.34% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.44% 5 YEARS 4.64% 2.54% 7 YEARS 5.30% 3.14% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.00%

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Working for a “Friend” (Ontario)Question:A "friend" just asked me to help him write the purchase agreement for him to privately buy his wife’s former family cottage. Of course, he does not want to pay me.Answer:You cannot contract out of the liabilities imposed upon you under the Real Estate and ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Having My “own” Offer (Ontario)Question:Offers tomorrow and one is mine. Can I ask another agent to help with the forms, presentation and negotiations? I don't feel comfortable in multiples, if my own client is successful.Answer:Yes, get another agent involved. Your Broker may do this for you for...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Real Estate Agent’s Advertising “Specialties” in OntarioQuestion:RECO recently published a comment to the effect that registrants could advertise a specialty. I thought this was against the law in Ontario?Answer:REBBA, 2002 used to prevent the use of the term “specialty”. The problem was that th...

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