Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
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% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable 2.40% Prime 3.45% Benchmark 5.34%
06/13/2018
Late Delivery of DepositQuestion:If a buyer brings deposit for the property after 24 hours of offer acceptance; does the purchase and sale agreement need to be amended for the deposit time?Answer:Straightforward question! Assuming that the contract said “upon acceptance”, the definition in the st...
06/11/2018
HIGH RATIO fixed term best discounted rates & posted rates as of June 5, 2018 Terms                           Posted Rates                 Our Rates 6 mos                          3.14%                          3.10%1 year                          3.04%                          2.99%2 year       ...
06/10/2018
Family Law Act Issues: Husband Moves Out and then BackQuestion:Husband moves out of matrimonial home 3 years ago when home was worth $600,000.  They do have a separation agreement from that time but it doesn’t  apparently cover this issue. The home is worth $900,000 and he wants her to buy him ou...
06/08/2018
Court Interprets Grow House ClauseOn 24 May 2018, the Ontario Court of Appeal released its decision in Beatty v. Wei related to the interpretation of the “grow house” clause in common usage in Ontario real estate forms.The clause reads as follows:“The Seller represents and warrants that during th...
06/08/2018
Better Grow Op ClausesRecently, the Ontario Court of Appeal in Beatty v. Wei dealt with the standard form OREA Grow House clause and concluded that it was insufficient to protect the Buyer.The present clause reads as follows:“The Seller represents and warrants that during the time the Seller has ...
06/08/2018
Market Recovers Substantially Looking at May 2018 ResultsThe Toronto Real Estate Board has just released its report on May:June 4, 2018 – Greater Toronto Area REALTORS® reported 7,834 sales through TREB’s MLS® System in May 2018. This result was down by 22.2 per cent compared to May 2017. While t...
06/08/2018
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 2.46%*CANHOU 06/15/23 [-]       5 Year - 2.12%CAN 1.75 03/01/23 [-]       1.67%                     [-]                       10 Year - 2.69%*CANHOU 12/15/28 [-0.01]       10 Year - 2.25%CAN 2.0 06/01/28...
06/01/2018
Duties and Obligations Owed to Clients, Customers and the Public  It’s important to have a look at the Code of Ethics under the Real Estate and Business Brokers Act, 2002.  Some sections apply to clients, some to customers and some to the public generally: ·        Representation agreements are d...
05/28/2018
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 2.51%*CANHOU 06/15/23 [-0.07]       5 Year - 2.19%CAN 1.75 03/01/23 [-0.07]       1.67%                     [-]                       10 Year - 2.77%*CANHOU 12/15/28 [-0.08]       10 Year - 2.35%CAN 2.0 ...
05/25/2018
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Brian Madigan

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