Real Estate News from Popular Ontario Cities

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Real Estate News from Popular Ontario Counties

By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Re/Max Realty One Inc., Brokerage)
Comments 1
SOLD 89 Yardley Crescent, Brampton ON TOO LATE, this home near Mississauga Road and Bovaird Drive is now Sold.    If you're thinking of selling your home, and would like similar results to 89 Yardley Crescent in Brampton, please call me.  One phone call can save you THOUSANDS OF DOLLARS, and net ...

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 0
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 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...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Here are OREA's comments:Mike Cusano, Chair Joe Richer, Registrar Real Estate Council of Ontario West Tower, 3300 Bloor St W #1200 Etobicoke, ON  M8X 2X2Dear Mike and Joe:In light of the recent For the RECOrd column, OREA is quite concerned with RECO implying that escalation clauses are permissib...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Escalation ClausesWhen can you use them?Why would you use them?How do you use them?There’s a good deal of discussion these days about escalation clauses. Both RECO and OREA have published advice within the last week.There is a right way and a wrong way of handling these, and you will not find it ...

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 - 1.47%*Canada housing 12/15/22 [+0.04]       5 Year - 0.97%CAN 0.50 03/01/22 [+0.04]       0.99%                       [-]                        10 Year - 1.95%Canada housing 06/15/27 [+0.03]       10 Ye...

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 Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 1
 2017 Edition Of The Gardens Of Uxbridge This year marks the 21st edition of the Gardens of Uxbridge annual garden tour.A showcase of some of the wonderfull gardens of local residences in and around Uxbridge that offers a beautiful day touring through hill and dale while traveling along the count...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 1
 You've Bought Firm ButYour Home Has Not Sold Yet.....   As the market transitions from a sellers market to a buyers market You may find yourself in the position of having to close on your new home with out having sold your existing home. Hopefully you have prearranged financing to allow ... Cont...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Brian Madigan’s Annotated Version of RECO’s Escalator Clause CommentaryQuite frankly, I was surprised to read the latest publication from the Real Estate Council of Ontario (RECO). It dealt with “escalator clauses” in Offers, Agreements and other documents. It seems to take a rather cavalier appr...

By Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate
(Forest Hill Real Estate Inc, Brokerage)
Comments 0

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