Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
HIGH RATIO fixed term best discounted Invis rates & posted rates as of July 16, 2019 Terms                           Posted Rates              Preferred Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          3.04%2 ye...
07/16/2019
Spouse as Defined in the Family Law ActThe real problem with the term “spouse” is that there are actually two definitions, not one, but two.For the sake of simplicity, I will describe them as:1)    Property spouse,2)    Support spouse.If you are a real estate agent, then you need to know the mean...
07/16/2019
Term Posted Rate Preferred  Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.04% Fixed 2 Year 3.74% 2.89% Fixed 3 Year 3.89% 2.79% Fixed 4 Year 3.94% 2.94% Fixed 5 Year 5.34% 2.74% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.34%
07/15/2019
Spousal Consent and the Pre-nuptial Agreement in OntarioQuestion:Under the pre-nuptial agreement there are no rights whatsoever for the wife in respect to the matrimonial home. Does she still sign spousal consent?Answer:The pre-nuptial agreement can deal with every aspect of the matrimonial home ...
07/15/2019
Supreme Court of Canada Agrees to Hear “Good Faith” ArgumentThe Supreme Court of Canada established new law related to “good faith contractual performance” when it decided Bhasin v. Hrynew on 14 November 2014.Well, they are going to hear another case on “good faith” trying to push the envelope ju...
07/12/2019
Commercial Bond Yields CMB 5 Year - 1.93%* CANHOU 12/15/24 [+0.04]   ‌ 10 Year - 2.02% CANHOU 09/15/29 [+0.04]   * denotes interpolated rate GoC 5 Year - 1.57% CAN 1.50 09/01/24 [+0.04]   ‌ 10 Year - 1.63% CAN 2.25 06/01/29 [+0.04] GOC Bonds are for reference purposes only Floating rate insured ...
07/12/2019
Problem with a Late Deposit in OntarioQuestion:First: My listing, the property is conditional (different buyer agent) on SBP (sale of the buyer’s property) with 48 hour escape clause.Second offer (not mine) comes in a month later and is accepted conditional on first offer failing.First buyer is p...
07/11/2019
Stacked Deals: Why Pay for Both?The Buyer runs into a little bit of difficulty and cannot close on the purchase. That’s fine, the market tumbled unexpectedly and they ran into difficulty.It’s reasonable to pay damages which relate to the failed purchase. The Seller obviously had some problems and...
07/11/2019
 Can You Tell a Secret?Let’s assume that Bob, the Listing Agent is acting for Mary in respect to the sale of her house. Bob hosts an Open House and Fred and Wilma attend. They are interested and would like to put in an Offer.The house is listed at $999,000 and has just been on the market for a we...
07/11/2019
Commission Reductions in OntarioQuestion:  I just got a call from a buyer agent who is presenting an offer and would like to reduce commission substantially. We are aware we will be in multiple offer situation shortly and need to know if A) we have to disclose the agent’s reduction and B) by how ...
07/11/2019
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Brian Madigan

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