Brian's Ontario Real Estate Blog

Commercial Bond Yields CMB 5 Year - 1.14%* CANHOU 06/15/25 [-0.11]   ‌ 10 Year - 1.36% CANHOU 06/15/30 [-0.07]   * denotes interpolated rate GoC 5 Year - 0.81% CAN 1.25 03/01/25 [-0.08]   ‌ 10 Year - 0.91% CAN 2.25 06/01/29 [-0.05]   ‌ 15 Year - 1.10%* CAN 06/01/35 [-0.04]   ‌ 20 Year - 1.22%* C...

Toronto and GTA Markets in February 2020 This is the recently released report of the Toronto Real Estate Board concerning the February 2020 results:TORONTO, MARCH 4, 2020 –In line with the forecast contained in the Toronto Regional Real Estate Board’s recently released Market Year in Review and O...

Don’t Fall for Commission Reduction StrategiesQuestion: I have a Listing and I just got a call from a Buyer agent who is presenting an offer and would like to reduce the commission substantially. We are aware we will be in multiple offer situation shortly and need to know if:A)  we have to disclo...

Agency: What Takes Precedence the Code or Common Law in Ontario?Question:REBBA 2002 requires a written agreement but then Agency Law states that it is not necessary to have a written agreement. Which would take precedence? Answer:The Act does not actually refer to “agency”, only “representation”....

Commercial Bond Yields CMB 5 Year - 1.51%* CANHOU 06/15/25 [+0.01]   ‌ 10 Year - 1.62%* CANHOU 06/15/30 [+0.02]   * denotes interpolated rate GoC 5 Year - 1.11% CAN 1.25 03/01/25 [-0.05]   ‌ 10 Year - 1.13% CAN 2.25 06/01/29 [-0.03]   ‌ 15 Year - 1.25%* CAN 06/01/35 [-0.02]   ‌ 20 Year - 1.31* C...

The Failed Deposit (Not Paid) - RemediesWhat happens if the deposit is not paid?The Listing Agent inquired:"My clients have decided not to deliver the deposit cheque because the house is suddenly in an inconvenient part of town for them.". (Buyer’s  agent).There is a clause conditional upon Finan...

 Solicitor’s Approval ClauseAt a recent Course on Writing clauses, we talked about setting up the Solicitor’s Review and Approval Clause as a Condition Subsequent rather than a Condition Precedent.This was not one of the 25 clauses under review.Here’s what a Condition Subsequent looks like for a ...

Commercial Bond Yields CMB 5 Year - 1.68%* CANHOU 06/15/25 [-0.03]   ‌ 10 Year - 1.73%* CANHOU 06/15/30 [-0.04]   * denotes interpolated rate GoC 5 Year - 1.35% CAN 1.25 03/01/25 [-0.03]   ‌ 10 Year - 1.34% CAN 2.25 06/01/29 [-0.04]   ‌ 15 Year - 1.43%* CAN 06/01/35 [-0.05]   ‌ 20 Year - 1.46%* ...

Toronto and GTA Markets in January 2020 This is the recently released report of the Toronto Real Estate Board concerning the January 2020 results:TORONTO, February 6, 2020 - TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s ML...

Derogatory Comments about LawyersQuestion:Is it a RECO violation for an Agent to make written derogatory comments against a client’s lawyer? Or is it just you can’t make derogatory comments against a fellow Agent?Answer:It’s not a violation under the Code of Ethics which simply deals with unprofe...