ARCHIVED BLOG POSTS
2017
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.61%Canada housing 06/15/22 [+0.07] 5 Year - 1.15%CAN 0.50 03/01/22 [+0.07] 0.99% [-] 10 Year - 2.27%Canada housing 06/15/27 [+0.06] 10 Ye...
03/31/2017
$500 Per Minute Fine for Breaking and EnteringRelatively, that’s a very light fine for breaking and entering which is a Criminal Offence.In this case, it was a RECO fine against an Agent who released the lockbox code to his clients. They had arrived before him at the house. It was 31 January 201...
03/31/2017
Computation of the Area Shown on an Irregular SurveyQuestion:How do I figure out the area shown on a survey? I just need an approximation.Answer:There is a little bit of a shortcut here and for other similar situations. It’s close but not completely accurate.Take the survey and blown it up 400% ...
03/30/2017
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When Do You Disclose the Accepted Price?Question:If you are the Listing Agent and you got into multiple offers on presentation night; by the end of the presentations, the house was sold firm and you have the certified deposit cheque in hand; would you disclose the final purchase price to the oth...
03/30/2017
Disclosure of Former Grow-OpsI thought that it would be interesting to have a look at the recent Press Release from RECO on this matter.First, you can read the Press Release in full, unedited as it was published.Then, you can read my ANNOTATED version which follows. Same Press Release, just with ...
03/30/2017
Disclosure of Former Grow-Ops and RECO’s Press Release 25 March 2017RECO outlines the fact that the Seller and the Listing Agent can collude together to conceal information which they know to be true from the Buyer and the Buyer’s Agent. They just need a “game plan”.Unfortunately, this happens to...
03/30/2017
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% 2.44% 4 YEARS 3.89% 2.64% 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 2.10%
03/29/2017
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 ...
03/28/2017
Deposit Forfeiture Clause: Does it have any Meaning?Question:What do you think on this clause from a Seller’s perspective?“The Buyer hereby acknowledges that in the event of the buyer’s breach of the agreement of purchase and sale once the agreement is firm, any deposit would be forfeited to the ...
03/28/2017
Term Posted Rate Preferred Rate 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 2.00% Prime 2.70% Benchmark 4.64%
03/27/2017
Rainmaker
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Brian Madigan
LL.B., Broker
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