ARCHIVED BLOG POSTS
2012
Third Parties Signing by POA and for Deceased Ontario Real Estate Source By Brian Madigan LL.B. Question What is the correct procedure in the following case: Assume two spouses on title, and one elderly owner (under POA) and the other owner is now deceased? Would just the POA sign on behalf of th...
02/29/2012
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Terms Bank Rates Preferred Rates 6 Month 4.45% 4.45% 1 YEAR 3.20% 2.74% 2 YEARS 3.55% 2.74% 3 YEARS 3.95% 3.09% 4 YEARS 4.64% 3.09% 5 YEARS 5.24% 3.25% 7 YEARS 6.35% 3.99% 10 YEARS 6.75% 3.99% Rates are subject to change without notice. *OAC E&OE Prime Rate is 3.00%
02/29/2012
Multiple Representation Documentation in Ontario Ontario Real Estate Source By Brian Madigan LL.B. Question If a registrant is representing a seller client and is providing service to the buyer customer - do both parties need to sign acknowledgement and consent or is that only for multiple repres...
02/29/2012
Can You List Your House for Whatever Price You Want? Ontario Real Estate Source By Brian Madigan LL.B. Misleading and False Advertising is dealt with under both the Competition Act (federal) and the Consumer Protection Act (provincial). The federal Act deals with businesses not individuals. ...
02/28/2012
2
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Terms Posted Rates Preferred Rates 6 MONTHS 4.45% 4.40% 1 YEAR 3.50% 2.75% 2 YEARS 3.55% 2.99% 3 YEARS 3.95% 2.89% 4 YEARS 4.64% 3.09% 5 YEARS 5.14% 3.29% 7 YEARS 6.35% 3.99% 10 YEARS 6.75% 3.99% Rates are subject to change without notice. *OAC E&OE Other Rates: CURRENT PRIME RATE IS 3.00% PRO...
02/27/2012
3
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Ontario Real Estate Source By Brian Madigan LL.B. In order to be "enforceable", real estate contracts must be "definite and clear". So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable of ascertainment) 3) description, (capable of ascertainment) 4) closing d...
02/26/2012
1
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Ontario Real Estate Source By Brian Madigan LL.B. In order to be "enforceable", real estate contracts must be "definite and clear". So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable of ascertainment) 3) description, (capable of ascertainment) 4) closing d...
02/26/2012
3
Comments
Ontario Real Estate Source By Brian Madigan LL.B. In order to be "enforceable", real estate contracts must be "definite and clear". So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable of ascertainment) 3) description, (capable of ascertainment) 4) closing d...
02/26/2012
1
Comments
Ontario Real Estate Source By Brian Madigan LL.B. In order to be "enforceable", real estate contracts must be "definite and clear". So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable of ascertainment) 3) description, (capable of ascertainment) 4) closing d...
02/26/2012
Ontario Real Estate Source By Brian Madigan LL.B. There are several essential elements of a contract: 1) Parties, (legal capacity) 2) Lawful object (not illegal) 3) Intention to create contract (consideration or seal) 4) Mutual agreement (offer and acceptance) 5) Agreeme...
02/26/2012
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