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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
Can You Terminate a “Joint Tenancy” by Executing a Will?Question:I read that "A joint tenant cannot bequeath his or her interest by means of a will...". Does that mean that even if there is a Will of John Smith, due to the right of survivorship, the other joint tenant William Smith will takeover ...

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 - 1.58%Canada housing 06/15/22 [-]       5 Year - 1.15%CAN 0.50 03/01/22 [-]       0.99%                       [-]                        10 Year - 2.25%Canada housing 06/15/27 [-]       10 Year - 1.66%CAN...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best discounted preferred rates & posted rates as of March 23, 2017 6 mos                                 3.10%         3.14%1yr                                     2.44%          3.04%2yr                                     2.14%          2.84%3yr                                     2...

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% 2.44% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.59% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.24% 10 YEARS 6.10% 3.79% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.20%

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% 2.44% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.59% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.10% 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
Executing the Notice of Fulfillment Questions: Some questions about a Notice of Fulfillment.1)    Does a seller have to sign a NOF (as well as buyer),2)    Is the time/date stamp on an e-signature important, and3)    Can the signature be dated to the previous day, providing that it does not impac...

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 - 1.67%*Canada housing 06/15/22 [-0.02]       5 Year - 1.22%CAN 0.50 03/01/22 [-0.02]       0.99%                       [-]                        10 Year - 2.34%Canada housing 06/15/27 [-0.04]       10 Ye...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Full Rent Control in Ontario?A private member's bill by NDP MPP Peter Tabuns calls for the end of an exemption that removes rent control from nearly all rental units built after 1991.Housing Minister Chris Ballard confirmed that it is "unacceptable" that renters be faced with increased housing co...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Listing a Property with One Seller in Jail (Ontario) Question:I was approached by a Wife who jointly owns a property with her husband. He was just sent to jail and they don’t get along.She wants to sell. How do I get a proper Listing?Answer:This is very difficult. While you could actually list an...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Fixed term best discounted rates & posted rates as of March 16, 2017 6 mos                                 3.10%         3.14%1yr                                     2.44%          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
Disclosure of Unrepresented Buyer in Competing Offer SituationThere is actually an additional disclosure that is required to be made in a Competing Offer situation which is often overlooked.If a Buyer is not represented by a registrant under the Real Estate and Business Brokers Act, 2002, this in...

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% 2.44% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.59% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.10% 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
Two Buyers Same Brokerage: That’s Multiple Representation (Ontario)Question:Let’s assume the following:         ABC Brokerage has a listing for 123 Main Street         Sales Rep Bob from XYZ Brokerage acts for Bill and puts in an Offer.         Sales Rep Mary from XYZ Brokerage acts for Martha an...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Compensating the Rural Property Listing Agent for ShowingsThere are several issues which arise in this situation.The problem is commonplace. A property is listed “out in the country” by a rural based agent. It might be a cottage, ski chalet or hobby farm. In any event, it appeals to someone in th...

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% 2.44% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.59% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.24% 10 YEARS 6.10% 3.79% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.20%

By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Kingsway Real Estate Brokerage)
Comments 2
SOLD 174 Terra Road, Vaughan ON  Record-Breaking SOLD price for a 3-Bedroom home in the area. Thinking of selling your home in Vaughan, Mississauga, Brampton, Caledon, Milton, Oakville, Burlington, or Toronto?Call me for a FREE Home Evaluation and see how I will deliver you the same results.  174...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Water Presence Discovered After Agreement Before ClosingQuestion:Buyer does inspection before submitting offer. No problems come up and he buys the house firm. He goes for a revisit and notices a big puddle of water in the crawl space. Is the seller obligated to fix it before closing?Answer:First...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Chattels and Fixtures Uncertainty – Treatment in Agreement (Ontario)Question:With respect to Chattels and Fixtures, what simple rule should you follow  when drafting an Agreement of Purchase and Sale:A. Rather than use your own judgment as to whether an item is a fixture or a chattel, if an item...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Customer Service Notices Acceptance (Ontario)Question:Could or should “Authority to give and receive notices” on behalf of Seller Brokerage's customer (seller is customer of listing brokerage), or alternatively on behalf of Buyer Brokerage's customer (Buyer is customer of Buyer brokerage?Answer:I...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 2
This Home Sparkles Are You Ready For Summer? Is back yard living a priority criteria in your home search? Then look no further this ones for you.Located close to schools, shopping, restaurants, arena and trails this four bedroom home offers the best of all worlds. OutdoorsThe pergola and gardens ...

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