Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Section 18 Disclosure of Interest under the Code of EthicsThis section for some reason is always under debate. This is the section:Disclosure of interest18. (1) A registrant shall, at the earliest practicable opportunity and before any offer is made in respect of the acquisition or disposition of...
05/17/2019
Commercial Bond Yields CMB 5 Year - 1.89% CANHOU 06/15/24 [-0.02]   ‌ 10 Year - 2.11% CANHOU 09/15/29 [-0.04]     GoC 5 Year - 1.53% CAN 2.25 03/01/24 [-0.03]   ‌ 10 Year - 1.63% CAN 2.0 06/01/28 [-0.03] GOC Bonds are for reference purposes only Floating rate insured cost of funds 2.10% [-]     ...
05/17/2019
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% 2.96% Fixed 4 Year 3.94% 3.19% Fixed 5 Year 5.34% 3.09% Fixed 7 Year 5.80% 3.49% Fixed 10 Year 6.10% 3.44% Variable Rate 2.95% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...
05/13/2019
Retaining Wall Collapsing at the Rear of the Yard (Ontario)Question:House is for sale with deteriorating retaining wall. It’s an Estate sale. Executors do not know if wall is on the property. There is no survey. Nothing is registered on title. Before they listed, the neighbour said they would spl...
05/13/2019
Risks of Seeking a Condition Extension By Amendment (Ontario)Question:My question is about amendment. When we want to extend the date of a condition we send an amendment. There is an irrevocable date on that. For example, a condition expires on May 10, we send that same day an amendment and ask f...
05/13/2019
Schedule “B” Missteps #2Let’s have a look at this clause:“In the event that any condition in this offer is not fulfilled or waived by the Buyers, the Buyers agree to provide the Sellers with a true copy of any and all Inspection Reports, Status Certificates, test results etc. prior to the signing...
05/11/2019
Commercial Bond Yields CMB 5 Year - 1.93% CANHOU 06/15/24 [+0.02]   ‌ 10 Year - 2.22%* CANHOU 09/15/29 [+0.06] * denotes interpolated rate       GoC 5 Year - 1.61% CAN 2.25 03/01/24 [+0.07]   ‌ 10 Year - 1.71% CAN 2.0 06/01/28 [+0.06] GOC Bonds are for reference purposes only Floating rate insur...
05/10/2019
Schedule “B” Missteps Schedule B is an extra schedule of terms and provisions included in an Agreement of Purchase and Sale by a Listing Brokerage.It’s not mandatory.A Listing Brokerage will often include this Schedule as a downloadable document on the MLS system.The Buyer’s agent should read the...
05/09/2019
Transfer of Property to Avoid Probate FeesLet’s assume that Bob and Mary have been married for years and hold title as Joint Tenants. That’s good because it will avoid probate fees (technically estate administration fees).However, as time progresses either Bob or Mary will pass away. Nothing happ...
05/09/2019
Utilizing a Parent to Avoid Capital Gains TaxAs parents become elderly, it’s important to realize that they should continue to retain ownership of their property.Oftentimes, it’s thought that simply transferring it directly to the kids or selling it, is the best solution. It may not be.There are ...
05/09/2019
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Brian Madigan

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