Real Estate News from Popular Ontario Cities

View all cities

Real Estate News from Popular Ontario Counties

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Order of Clauses in an Agreement (Ontario)Question:Is there a specific order for the clauses in Schedule B to appear. Answer:The usual order would be:PaymentsAdditional depositsSeller Take Back MortgageBalance DueConditionsMortgage FinancingInspections etc.TermsVisitsDelivery of survey etc.

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
TERM POSTED Preferred RATES* 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 Rate 2.40% Prime Rate 3.45% Benchmark Rate 5.34% Cost per ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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%

By Gloria Valvasori, Accredited Senior Agent, REAL Experience | REAL Commitment | REAL Results!
(BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE)
Comments 1
Real Estate Statistics for Mississauga for May, 2018 compared to May, 2017 Number of sales 1,071 decreased by 22.6% to 829Average Sales Price   From $760,645 decreased 4.4% to $726,897Average Days On Market  increased 90% from 10 days to 19 daysAverage Selling/List Price decreased 5.7% from 104% ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
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...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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       ...

By Susan Emo, Kingston and the 1000 Islands Area
(Sotheby's International Realty Canada - Brokerage)
Comments 6
It is said to be the prettiest street in the 1000 Islands area:  240 Pine St in Gananoque ON an priced at only $389K Canadian  Time changes everything but thoughtful care has kept this romantic home almost original with the upgrades we demand: newer windows, furnace and new 40 yr shingles in 2014...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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 ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
Comments 0
L-Tower: 8 The Esplanade, Toronto, ON. 1 + 1 for rent  The L-Tower Is An Iconic, Daniel Libeskind Designed Building With Spectacular City & Lake Views. It Is In The Heart Of  Downtown Toronto, On The East Side Of Yonge Street And At The Corner Of The Esplanade. It Is A Residential Tower With Abou...

By Sara Kareer, Boutique Real Estate Services to Buyers & Sellers
(Re/Max Realty One Inc., Brokerage)
Comments 2
Coming Soon - 39 Prairie Creek Crescent, Brampton House for Sale  Prestigious Neighbourhood Of Riverview Heights. Located At the Brampton/ Mississauga Border.  39 Prairie Creek Crescent has what you're looking for.     Gorgeous Open Concept Layout with 4 Bedrooms, Thousands spent In Upgrades;: 9 ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

By Pam Bechard, HELPING YOU IS WHAT I DO!
(Royal LePage RCR Realty, Brokerage)
Comments 0
In my experience as a Divorce Specialist Agent, there are a handful of key tips and lessons I have learnt in how to best deal with divorce sale scenarios. There is no easy way to handle a sale due to separation, but there are a few methods you can use to hopefully help make it a little less diffi...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 0
Don’t Lose Sight Of The Big Picture Why do some Home Buyers pass the perfect home that might not satisfy all their little extra wants 100%.?Why do some Home Buyers end up months later still comparing every home they see to the one they let get away.?Because they let their Micro Desires ….. thing...

By Brad Miller
Comments 0
GTA Housing Market is definite heating up this spring and properties in some parts of Toronto are getting multiple offers, shared by realtors.Sizzling Housing MarketA return to the usually vibrant and energized GTA Housing Market is seen this spring, far from the abrupt season of last year. This ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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 ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Toronto Market Steadies In April 2018  TORONTO, ONTARIO, May 3, 2018 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, s...

Ontario Real Estate Agents and Real Estate Professionals