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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
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
What does Buyer’s Lawyer’s review and approval mean?Question:What does Buyer’s Lawyer’s review and approval mean? Can the Buyer just simply change their mind and get their own lawyer to agree?Answer:This clause can be problematic.Is it just the legal terms or is it the business terms too?The clau...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Is a Deposit a Requirement for a Valid Contract? Question:Is a Deposit a Requirement for a Valid Contract? Answer:A valid contract in Ontario requires either 1) consideration, or 2) a seal. All standard form OREA contracts are drafted “under seal” so they would be enforceable without considerati...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commissions In WritingQuestion:If you have no contract signed with the seller re your commission amount and you draft a Letter of intent or even an offer and you include ABC 123 Realty represented by Mr. X will receive $x for his service on the date of transaction, that you might be paid.I heard ...
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 - 1.08%*Canada housing 12/15/21 [-0.06]       5 Year - 0.65%CAN 0.75 09/01/21 [-0.05]       0.95%                   [-]                                              10 Year - 1.61%Canada housing 09/15/26 [...
By Sana Solanki, Homes!
(Kingsway Real Estate)
Comments 1
Investment Property - Tax ConsiderationsI have been asked many times about the tax implications on Investment Properties.  My answer is always the same - talk to a Real Estate Lawyer, or talk to your accountant before you venture into buying a Investment Home.Here is recent video - Sabina Mexis -...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Do Any Rights Arise from Long Term Use?Question:The Owner of a property has been sharing the neighbour’s well since the 1970’s. The property is now to be sold.There is no “agreement” in writing. The neighbour doesn’t want to sign anything and the owner is unsure of his rights. All of this makes t...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best discounted rates & posted rates as of September 21, 20166 mos                                 3.10%         3.14%1yr                                     2.29%          2.89%2yr                                     2.14%          2.84%3yr                                     2.24%   ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Toronto and GTA Market Shows Consistent Price Increases in September 2016TREB has just released its mid-month report: SEPTEMBER 2016 TREB MID-MONTH STATISTICSSeptember 16, 2016 – Greater Toronto Area REALTORS® reported 3,847 home sales through TREB’s MLS® System during the first 14 days of Septem...
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 p...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
What Do You Mean By “Business Days”?Now that everyone is working “24/7”, the term “business days” seems to have lost its meaning.The strong preference today would be to eliminate that expression because it is so very unclear.The Courts have generally not had occasion to examine the concept, unles...
By Gloria Valvasori, Streetsville & GTA Real Estate Agent 416-717-6331
(Better Homes and Gardens Real Estate Signature Service)
Comments 6
Providing a high level of service to each and every one of my clients is first and foremost to me... and should be to all agents.  It leaves them with a very positive mindset of a great experience, working with knowledgable, trusworthy agent, who knows he/she has their best interests first and fo...
By Nancy Benson, Award Winning Agent | Buy |Unique Homes| Sell
(RE/MAX Hallmark Realty Group, Brokerage)
Comments 1
Ever wanted to pick up a few interior design tips from an HGTV star? You’ll be able to do just that at the 2016 Ottawa Fall Home Show, where speakers will include Toronto designer Sarah Richardson, host of several popular programs on the television network.Painter and colour consultant Andrew Dow...
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 2.99% 2.29% 2 YEARS 2.84% 2.14% 3 YEARS 3.39% 2.24% 4 YEARS 3.89% 2.39% 5 YEARS 4.64% 2.49% 7 YEARS 5.30% 2.99% 10 YEARS 6.10% 3.59% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.30%
By Sana Solanki, Homes!
(Kingsway Real Estate)
Comments 1
SweetLife Condos in Scarborough, Toronto See floor plansLocated in Toronto’s West Hill, SweetLife Condos is mere minutes from the University of Toronto’s Scarborough campus. It’s perfectly suited for students, families, and empty-nesters, and raises the bar on affordable, modern living SweetLife ...
By Sana Solanki, Homes!
(Kingsway Real Estate)
Comments 0
Get Your Home Ready to Sell - Free In-house Consultation.In today's competitive market such as the GTA, first impressions are everything, and getting your home ready for the market can be  very stressful and my job is to help demystify the process and provide you with free valuable information.In...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Amendments to Residential Tenancies Act (Bill 132)The Amendments to Residential Tenancies Act under Bill 132 came into force on 8 September 2016.Bill 132 is “socially directed” legislation generally intended to assist women and children in abusive relationships. Several Acts are amended including...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Question:Is a Deposit a Requirement for a Valid Contract? Answer:A valid contract in Ontario requires either 1) consideration, or 2) a seal. All standard form OREA contracts are drafted “under seal” so they would be enforceable without consideration. It is the seal that makes an irrevocable offer...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Landlords are Vulnerable under New LegislationThe Residential Tenancies Act was amended 8 September 2016 to provide a new set of rights to Tenants.The purpose was intended to provide relief to those who might be victims of domestic violence or abuse. That, of course, is well-intentioned. The diff...
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 - 1.16%*Canada housing 12/15/21 [-0.02]       5 Year - 0.72%CAN 0.75 09/01/21 [-0.01]       0.95%                       [-]                                              10 Year - 1.75%Canada housing 09/15/...

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