Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Contract “End” in OntarioQuestion:The buyer wants to avoid a contract because of title issues found in the title search. What happens under the Agreement?Answer:The reference to "avoid" is simply casual language, it's not a term of art in relation to the transaction.In the situation posed, with t...
08/13/2018
In Ontario, there is a good deal of the confusion about this disclosure issue.We have:1)   1)  interest in the property disclosure and 2)    2) the family disclosure. There are two separate and distinct disclosure requirements, one under the Act and the other, under the Code. Section 32 of the Ac...
08/13/2018
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.99% Fixed 2 Year 3.24% 3.19% Fixed 3 Year 3.44% 3.19% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.49% Fixed 10 Year 6.10% 3.94% Variable 2.65% Prime 3.70% Benchmark 5.34%
08/13/2018
Unregistered Easement Confirmed to be in ExistenceThe Ontario Court of Appeal just confirmed the existence of an unregistered easement in Hunsinger v. Carter on 20 July 2018.The two properties were side by side and Hunsinger used land out by the boundary to access the rear of his property. This a...
08/02/2018
HIGH RATIO fixed term best discounted rates & posted rates as of July 30, 2018 Terms                           Posted Rates                 Our Rates 6 mos                          3.14%                          3.10%1 year                          3.04%                          2.99%2 year      ...
08/01/2018
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.99% Fixed 2 Year 3.24% 3.19% Fixed 3 Year 3.44% 3.09% Fixed 4 Year 3.89% 3.44% Fixed 5 Year 5.14% 3.24% Fixed 7 Year 5.30% 3.34% Fixed 10 Year 6.10% 3.79% Variable Rate 2.65% Prime Rate 3.70% Benchmark Rate 5.34% Cost per ...
07/30/2018
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.99% Fixed 2 Year 3.24% 3.19% Fixed 3 Year 3.44% 3.09% Fixed 4 Year 3.89% 3.44% Fixed 5 Year 5.14% 3.24% Fixed 7 Year 5.30% 3.34% Fixed 10 Year 6.10% 3.79% Variable 2.65% Prime 3.70% Benchmark 5.34%
07/30/2018
Contract “End” in OntarioQuestion:The buyer wants to avoid a contract because of title issues found in the title search. What happens under the Agreement?Answer:The reference to "avoid" is simply casual language, it's not a term of art in relation to the transaction.In the situation posed, with t...
07/29/2018
Conclusion to an Agreement (Ontario)Question:If the buyer wants to terminate/void/avoid an agreement, what are the differences, if any, among these 3 words?Answer:If you are looking to bring a conclusion to an existing contract, there are indeed several words that are commonly used like: Cancella...
07/29/2018
No Cheques: No Keys for Residential Leases (Ontario)Question:My client takes possession of her rental unit today and meets with the listing agent for keys. She has proof of tenant's insurance and utilities in her name - but has forgotten the post-dated cheques in the moving truck. The truck isn't...
07/29/2018
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Brian Madigan

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