Real Estate News from Popular Ontario Cities

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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
What About “AS IS” in the Listing (Ontario)Question:A property was noted: "As Is" in listing, but no reference in the Agreement. There was no “inspection” done with a Home Inspector. Upon last visit, the AC is sounding rough and ice is appearing. Buyer wants it rectified and Seller says “no”. APS...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Agent Fails to Explain Commission Reduction Properly: Faces DisciplineThe Real Estate Council of Ontario just looked at a case involving a proposed commission reduction.The Agent offered an inadequate but self-serving explanation to the clients and later faced disciplinary action.Robert Zimmerman...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Tell Everyone About Commission Reduction Proposal: RECO DisciplineBetty Crocker was the Listing Agent and hosted a bidding war.One of the agents offered to reduce his commission.The property was listed at $1,198,000.00 and the Listing Agreement provided:“…. the commission breakdown to be as follo...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Furnace Rental in OntarioQuestion:An agent listed a condo with a rental furnace. Brokerage remarks state furnace is rental $90 month. Offer did not include the rental and both agents missed it, supposed to close tomorrow and buyer’s lawyer 2 days ago said we are not closing until the contract is ...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 3
Sorry, Just Moving In! (RECO Discipline)This is just one more “trespassing case”.Here, the Buyers had a deal and the transaction was scheduled to close on 24 April 2015.The Buyers completed the final inspection and requested that the Sellers leave the key in the lock box. The Buyer’s agent convey...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Terms The Bank Preferred Rates 1 Year 2.84% 2.29% 2 Years 2.79% 2.24% 3 Years 3.39% 2.49% 4 Years 4.09% 2.39% 5 Years 4.79% 2.49% 7 Years 5.85% 3.39% 10 Years 6.09% 3.69% VIRM 2.70% 2.20% The prime rate is 2.70%  
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Another Trespassing CaseThe Real Estate Council of Ontario looked at another “no trespassing” case this Spring.The Buyers’ representative booked an appointment, didn’t show up, and released the lockbox code to his clients directly. They entered and used the Seller’s measuring tape which they loca...
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
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 Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The latin expression "inter alia" means "among other things".The reference is often made when a short quotation or extract is made. The words "inter alia" are added so that the reader will know and appreciate that the quotation was not the full quotation in its entirety. There was more, so the r...
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 Susan Emo, Kingston and the 1000 Islands Area
(Sotheby's International Realty Canada - Brokerage)
Comments 10
The time is perfect to take a portion of my tomato harvest and create my much loved Gazpacho!!                                                     A nice assortment of all that was ripe this morning, yellow grape, cherry and a few beefsteak.A few spoonfuls of Red Wine Vinegar and a glop of olive ...
By Michelle Finnamore, Preparing your property for sale
(in Vaughan and Toronto GTA)
Comments 6
Home Staging in Toronto GTA and Vaughan we have many opportunities to market a ravine lot to attract our ideal buyers. We consulted ont the property where the elderly sellers had moved on and the grown son met us at the house to see how we market this simple war time bungalow to attract our ideal...
By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Kingsway Real Estate Brokerage)
Comments 0
Coming Soon 46 Angelgate Road, Brampton House for Sale * Premium Ravine Lot               AND* Walkout BasementNeighbours....What neighbours?  Enjoy your privacy and your view -- in your scenic Backyard. 46 Angelgate Road, Brampton Ontario has more to offer....stay tuned! Call me for more informa...
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 - 1.05%*Canada housing 12/15/21 [-]       5 Year - 0.58%CAN 0.75 03/01/21 [-]       0.95%                   [-]                                              10 Year - 1.55%Canada housing 09/15/26 [-0.03]  ...
By Michelle Finnamore, Preparing your property for sale
(in Vaughan and Toronto GTA)
Comments 4
Staging in the Toronto and Vaughan area we stage in a modern or modern traditional way to attract our ideal buyers.When we stage in the King City and Alliston area it changes as it is more country with city/rural influences.When we arrived at this home the elderly owners had moved out the childre...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The Real Estate Cycle in the GTA (2007 to July 2016)One of the best ways to see what is happening in the real estate market is to look at a chart. It’s visible and now you can easily spot the trends and see the cycles repeating themselves.This chart was put together by a friend and colleague Rick...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Terms The Bank Preferred Rates 1 Year 2.84% 2.29% 2 Years 2.79% 2.24% 3 Years 3.39% 2.49% 4 Years 4.09% 2.39% 5 Years 4.79% 2.49% 7 Years 5.85% 3.39% 10 Years 6.09% 3.69% VIRM 2.70% 2.20% The prime rate is 2.70%
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
July 2016 Holds Steady Pace for GTA Real EstateYou might be interested in what’s going on in the real estate market. Actually, prices are going down. Don’t tell anybody. No one wants to hear that.So, let’s have a look at TREB’s recently released report.:“Strong July Price Growth TORONTO, ONTARIO,...
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Valid Listing Contract or Not? Question: Seller signs listing with signature date of August the 5th  with commencement date of August 10th for MLS.Seller now decides that he doesn't want to list it. Is this still a valid contract? Answer:The Listing Agreement is valid.It’s just that one of its t...

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