Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Commercial Bond Yields CMB 5 Year - 1.88%* CANHOU 06/15/24 [-0.03]   ‌ 10 Year - 2.11%* CANHOU 09/15/29 [-0.03] * denotes interpolated rate       GoC 5 Year - 1.50% CAN 2.50 03/01/24 [-0.03]   ‌ 10 Year - 1.60% CAN 2.0 06/01/28 [-0.05] GOC Bonds are for reference purposes only Floating rate insu...
03/22/2019
Privity of EstateAn estate is an interest in land. Tenure by way of a lease is an example. In respect to the temporal occupation of the property for the next one year period, both the Landlord and the Tenant have “privity of estate”, because it’s the same tenure that we are talking about, namely ...
03/17/2019
Privity of ContractThis is the precise relationship between two parties to a contract.They each have rights to sue one another because they have “privity of contract”An independent third party who would like to see the contract performed cannot sue, since they have no privity of contract.
03/17/2019
Conditions and Firming UpThe NOF, Waiver and Amendment will all work in firming up a deal.The Amendment is risky to use since it involves 2 parties, whereas the NOF and Waiver just require 1 party alone.The NOF was created for True Conditions Precedent, and not for any other purpose. It exists in...
03/17/2019
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.19% Fixed 3 Year 3.89% 3.29% Fixed 4 Year 3.94% 3.49% Fixed 5 Year 5.59% 3.34% Fixed 7 Year 5.80% 3.64% Fixed 10 Year 6.10% 3.89% Variable 2.95% Prime 3.95% Benchmark 5.34%
03/17/2019
Tax Arrears CertificatesQuestion:What happens if there is a substantial tax deficiency which the Buyer discovers after closing?Answer:There was a time when tax arrears certificates were ordered by lawyers routinely. It was part of their job. It wasn’t costly, about $25.00. Then, the transaction o...
03/17/2019
Happy St. Patrick's Day! The Irish have for centuries been grouped together in large families known as clans. When one group gets too large there may be a splinter group. The son of someone named Neill would start a new family called MacNeill or McNeill. The word “Mac” or "Mc" means “son of”, and...
03/17/2019
HIGH RATIO fixed term best discounted rates & posted rates as of March 16, 2019 Terms                         Posted Rates                Our Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          3.19%2 year         ...
03/17/2019
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.19% Fixed 3 Year 3.89% 3.29% Fixed 4 Year 3.94% 3.49% Fixed 5 Year 5.59% 3.44% Fixed 7 Year 5.80% 3.64% Fixed 10 Year 6.10% 3.89% Variable Rate 2.95% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...
03/13/2019
Central Vacuum System: Chattel/Fixture (Ontario)Question:If there is nothing in the agreement, is a central vacuum system included in the sale and what about the accessories?Answer:Ordinarily, the central vacuum system is a fixture. It stays with the property whether mentioned or not. The accesso...
03/13/2019
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Brian Madigan

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