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% 2.34% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.44% 5 YEARS 4.64% 2.54% 7 YEARS 5.30% 3.14% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.00%
05/31/2017
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.29% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 1.95% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
05/30/2017
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.29% Fixed 4 Year 3.89% 2.44% Fixed 5 Year 4.64% 2.39% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable 1.95% Prime 2.70% Benchmark 4.64%
05/29/2017
Deposit Partial Payment Uncertified- Seller’s Remedies (Ontario)Question:Deposit due within 1 business day and deposit must be certified/bank draft as per schedule B. The Deposit was $40,000 total. Buyer brings us a 30,000 MONEY ORDER + 10,000 Personal cheque but on time, but the personal cheque ...
05/28/2017
Buyer Negotiating Partial Refund of DepositQuestion:I’m the Listing Agent. According to my Seller's lawyer, the Buyer has changed his mind and doesn't want to close... and would like half the deposit back! Should we be looking for a Litigation lawyer?Answer:Anyone who offers half the deposit alre...
05/28/2017
The Duty to Disclose Kitec Plumbing by Real Estate AgentsJust what is Kitec?Kitec plumbing is made up of flexible aluminum pipe between an inner and outer layer of plastic pipe (PEX pipe) with brass fittings. Kitec was sold between 1995 and 2007 for potable water, in-floor, and hot-water baseboar...
05/27/2017
 Commercial bond yields   CMB         GoC         Floating rateinsured cost of funds 5 Year - 1.39%Canada housing 06/15/22 [-]       5 Year - 0.97%CAN 0.50 03/01/22 [-]       0.99%                       [-]                        10 Year - 1.94%Canada housing 06/15/27 [-0.02]       10 Year - 1.4...
05/26/2017
 Assignments and Extensions of the Closing Date (Ontario)Question:I represent the Assignee in a transaction for a condo under construction.The original Agreement of Purchase and Sale with the Builder provides for a closing date of June 30th.The Assignment specifically states that “profits” are to...
05/26/2017
Power of Attorney and Notarization (Ontario)Question:My clients are residents of Canada who are on a work assignment out of the country. Due to work, it is very difficult for them to return to Ontario to have the Power of Attorney notarized in Ontario or to return to Ontario to execute the closin...
05/26/2017
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.34% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.35% Fixed 4 Year 3.89% 2.49% Fixed 5 Year 4.64% 2.54% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.84% Variable Rate 2.00% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
05/24/2017
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Brian Madigan

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local_phone(416) 745-2300
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