Real Estate News from Popular Ontario Cities

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Real Estate News from Popular Ontario Counties

By Marina Gavrylyuk, Homes & Condos for Sale in Mississauga and Toronto
(Sutton Group Summit)
Comments 0
Slow market, slow market... 3 "solds" in 5 days. This is magic! Looking for help selling your home quickly and for the best price? Call Marina 416-843-1515 today!Your Real Estate Connection: Marina Gavrylyuk Real Estate Broker with Sutton Group Summit Realty www.MarinaG.ca Marina.Realtor RentList...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Placing the Deposit in the Trust Account (Ontario)Question:When a deposit is provided "herewith" with an offer by a Buyer, does the 5 day deposit requirement start the next day or the day after the final acceptance of the offer?For example:A Buyer makes an offer on May 1st with a deposit “herewit...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
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% 3.14% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable Rate 2.45% 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% 3.14% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable 2.45% Prime 3.45% Benchmark 5.34%

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Security at an “Open House” (Ontario)Question:I had prospective visitors leave when I asked for ID. They thought that this was an invasion of their privacy. Answer:Yes, indeed it is an invasion of their privacy. And their entry into the house is an invasion of the privacy of the homeowner.RECO do...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Brian Madigan AEA Courses: “Just Deposits”Seminar: "Just Deposits"• Is a deposit required?• When is it due?• Contract Start Time.• Counting time.• What happens if the deposit is late? • How much should the deposit be? • Liability of an Agent related to the deposit? • Is a Mutual Release Necessary...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Holdover Commissions in OntarioQuestion:A buyer is  introduced during validity of the first representation agreement and completes the purchase under a subsequent representation agreement with another brokerage. Two observations: “Under current practices, the holdover provision usually states tha...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Calling Back the Offer in OntarioQuestion:You show your listing to a buyer customer.  You prepare an offer. Before you meet with the seller to present the offer, the buyer calls you to tell you they have changed their mind and does not want you to present the offer. What do you do?Answer:You tell...

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 - 2.53%*CANHOU 06/15/23 [+0.01]       5 Year - 2.21%CAN 1.75 03/01/23 [-]       1.62%                      [-]                       10 Year - 2.80%*CANHOU 12/15/28 [-]       10 Year - 2.38%CAN 2.0 06/01/2...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Improvident Use of the Keys Prior to ClosingThere’s actually a small risk on closing that Buyers and their Agents just might not know about.Possession on closing is allowed at the time the transaction is completed, but not before.In Ontario at the moment we have electronic transactions. The Selle...

By Gloria Valvasori, Accredited Senior Agent, REAL Experience | REAL Commitment | REAL Results!
(BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE)
Comments 0
Pros and Cons of Solar Energy With the rising costs of hydro and gas, many consumers are turning to solar energy to heat their homes. Solar energy is technology that is used to capture the sun's energy and make it useable. As I drive around the neighbourhood I am seeing them pop up in greater fr...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Witnesses on Real Estate Documents in OntarioQuestion: Is the witness signature mandatory in the Form 100, being the Standard Form Agreement of Purchase and Sale ? Can anyone sign as witness? Are there any restrictions? Answer:Generally, it is no longer required. This has arisen somewhat with eSi...

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 May 8, 2018 Terms                         Posted Rates               Our Rates 6 mos                         3.14%                          3.10%1 year                          3.04%                          2.99%2 year             ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Access To Lake By Prescription in OntarioQuestion:1) if after using the land of neighbour A for about 20 years to launch boat in lake the property of neighbour A gets sold. The easement was not registered and the property was in registry system. Now with new owner and property registered in land ...

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 May 6, 2018 Terms                           Posted Rates                 Our Rates 6 mos                          3.14%                          3.10%1 year                          3.04%                          2.99%2 year        ...

By Kathy Clulow, Trusted For Experience - Respected For Results
(RE/MAX All-Stars Realty Inc. Brokerage)
Comments 0
  Uxbridge Real Estate Month End Market Update … Year Over Year ... By The Numbers Sales year over year – down 52.94% New Listings year over year – down 30.38% Average Days On The Market year over year – up 209.09% Average Sale Price year over year – down 8.98%     Continue Reading > >  

By Gloria Valvasori, Accredited Senior Agent, REAL Experience | REAL Commitment | REAL Results!
(BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE)
Comments 7
WHAT TO EXPECT WHEN YOU WORK WITH ME THE AGENT WHO PUTS YOUR FIRSTAs a consumer, just like you, I look for value when seeking the services of a professional. Whether its a car dealership getting my car serviced, or a lawn service to care for my lawn. I go out of my way to go to a particular car d...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Ontario’s New Standard Lease Form 30 April 2018Question:What type of documents are now needed with Ontario’s new Standard Lease Form which is required to be used effective 30 April 2018?Answer:With the changes, here’s how I would put the package together:         Confirmation of Cooperation and R...

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 - 2.45%*CANHOU 06/15/23 [-0.02]       5 Year - 2.13%CAN 1.0 03/01/23 [-0.02]       1.62%                      [-]                       10 Year - 2.74%*CANHOU 12/15/28 [+0.02]       10 Year - 2.30%CAN 1.0 ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Keys on Closing (Ontario)Question:How do you handle the keys on closing? Answer:Assuming that I am the Listing Agent:1)    After the final inspection, I change the Lockbox (to my oldest one),2)    Following notification of the closing from the Vendor’s solicitor,I call the Buyer’s agentAdvise of ...

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