Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Built-in Dishwasher RemovedQuestion:The Buyer is Customer. A property sells and when the transactions closes, the Buyer finds out that the Seller has removed a built-in dishwasher. Dishwasher was only pointed out in the listing agreement. The Buyer contacts the Seller and the Seller points out th...
10/19/2018
Commercial Bond Yields  CMB 5 Year - 2.72% CANHOU 12/15/23 [-0.02]   ‌ 10 Year - 2.89% CANHOU 12/15/28 [-0.02]   GoC 5 Year - 2.40% CAN 2.00 09/01/23 [-0.02]   ‌ 10 Year - 2.49% CAN 2.0 06/01/28 [-0.03] GOC Bonds are for reference purposes only Floating rate insured cost of funds 1.88% [-] Prime ...
10/19/2018
Capacity to ContractA person must have the capacity to contract in order for the contract to be legally binding upon them. Essentially, it doesn’t mean anything more than “having their wits about them”, but, naturally there are many reasons why someone’s judgment might be impaired. They are subje...
10/18/2018
Term Posted Rate Our Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 3.19% Fixed 2 Year 3.24% 3.19% Fixed 3 Year 3.44% 3.24% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.59% Fixed 10 Year 6.10% 3.94% Variable 2.65% Prime 3.70% Benchmark 5.34%
10/17/2018
"Ratio Decidendi" (Ontario Law) The latin expression "ratio decidendi" is one of the most important phrases used in law. It stands for the "legal principle", "the reason behind the decision" or "the rationale of the case".In essence, this is the important legal maxim drawn from the case. It is th...
10/14/2018
“Stare Decisis”  (Ontario Law) When we look at two recent cases on the law of disclosure, we need to examine the meanings of stare decisis, ratio decidendi and obiter dicta. Otherwise it will be difficult to appreciate the fine distinction in the two cases and their applicability in law.The latin...
10/14/2018
Cannabis will be Legal in Canada on 17 October 2018There will be lots of questions which affect the real estate industry.The Owners of property have to start taking steps now to protect their interests.Employment, public venues, condos, rentals are all affected to some extent.The greatest problem...
10/14/2018
Counter-Offer Form (Ontario)The Counter-Offer Form is actually an excellent concept. The difficulty is that it uses the word “accepts”.This is the wrong word. You cannot accept something with conditions, you simply reject it, and propose something else.So, in the Counter-Offer, “adopt” the wordin...
10/14/2018
Commercial Bond Yields CMB 5 Year - 2.60%* CANHOU 12/15/23 [+0.01]   ‌ 10 Year - 2.75% CANHOU 12/15/28 [+0.02] * denotes interpolated rate GoC 5 Year - 2.27% CAN 2.00 09/01/23 [+0.02]   ‌ 10 Year - 2.34% CAN 2.0 06/01/28 [+0.02] GOC Bonds are for reference purposes only Floating rate insured cos...
10/14/2018
Concept of AgencyQuestion:Which of the following statements describes the concept of agency?1. an agent is a representative who is expected to have greater expertise than the principal for the task to be performed2. an agent is a representative who owes fiduciary duties to clients and customers3....
10/14/2018
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Brian Madigan

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