Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)

ARCHIVED BLOG POSTS

2017 

Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 3.04% 2.44% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.59% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.24% 10 YEARS 6.10% 3.79% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.20%
02/14/2017
Competing Offers: The RECO Rules (Ontario)Question: What are the RECO rules  that states that in a multiple offer situation, the listing brokerage must disclose a multiple representation situation?For clarity purposes: Brokerage A lists a home and receives offers on it from Brokerage A, Brokerage...
02/12/2017
Mice in the House – Any Remedy against the Seller?Question: As it turns out my client has an "infestation" of mice. It will cost $3000 to get them out through a pest control company.The Home inspector didn't recall any mice in the attic, athough there were a few droppings (there are traps there n...
02/12/2017
Reduced Commissions Offered on MLSQuestion:From time to time, someone will post an excessively low commission to the co-operating Broker. I think this is unfair. The Listing Brokerage is trying to double-end the deal, and the other Brokerages really don’t have a chance. Answer:If we had a differe...
02/12/2017
Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.59%*Canada housing 06/15/22 [+0.04]       5 Year - 1.07%CAN 0.75 09/01/21 [+0.04]       0.97%                      [-]                        10 Year - 2.32%*Canada housing 06/15/27 [+0.06]       10 Ye...
02/10/2017
Divorcing Couple Offer Presentation and Conflicting InstructionsQuestion:I have a listing with offer to be presented tonight at 8:00pm. Owners are husband and wife, divorcing.Wife has told me she does not want any more showings and does not want to sell and she doesn't want any offer presentation...
02/09/2017
Seller Dies Before ClosingQuestion: I have done a few Estate sales and understand the probate clause, but what happens if the Seller passes away after the house has been sold but has yet to close? I understand the APS. I am NOT suggesting anyone wants out of the deal! I am hoping the closing date...
02/09/2017
Seller Commission Reduction Question:A property is listed for sale and offers co-operating agents X.5% plus HST.The Co-Operating Brokerage submits and offer reflecting the X.5%The Listing Brokerage without any discussion or correspondence about the offer and/or the commission sends back a counter...
02/09/2017
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.44% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.59% Fixed 5 Year 4.64% 2.59% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.10% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
02/07/2017
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 3.04% 2.44% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.59% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.24% 10 YEARS 6.10% 3.79% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.20%
02/07/2017
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Brian Madigan

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local_phone(416) 745-2300
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