ARCHIVED BLOG POSTS
2017
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.93%*Canada housing 12/15/22 [-0.04] 5 Year - 1.52%CAN 0.50 03/01/22 [-0.04] 0.98% [-] 10 Year - 2.34%Canada housing 06/15/27 [-0.03] 10 Y...
07/14/2017
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Insurance Company Inquiries (Ontario)Question:What can we do to stop them from relying on real estate agents for all of the information? I believe that they should be sending out adjusters to look at homes before they issue insurance. I do not think this should fall on our shoulders as realtors t...
07/14/2017
Updating the Illegal Substances ClauseA recent case in Ontario Superior Court calls into question a familiar and frequently used clause in Agreements of Purchase and Sale:“The Seller represents and warrants that during the time the Seller has owned the property, the use of the property and the bu...
07/14/2017
Seller’s Release from Prior Agreement Gives Too Much Power to the First BuyerSometimes, there is more than one way to deal with an issue. Let’s look at a situation where Buyer #2 wants to proceed with an Offer on a property.Looking at the standard form precedents, one would find the following:Con...
07/09/2017
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Wills, Marriage and Divorce in OntarioQuestion:Is a Will in Ontario revoked by marriage or divorce? What if a couple separates and the Will hasn’t been changed.Answer:A Will is revoked upon Marriage, unless the surviving spouse elects to take under the Will.A Will is partially revoked by Annulmen...
07/08/2017
Market Defaults and RemediesThe current Toronto real estate market has been interesting and somewhat volatile so far it 2017. The actual reasons don’t matter that much. It accelerated rapidly and then it declined abruptly. This caught both Buyers and Sellers off guard.Some people don’t want to cl...
07/08/2017
Pre-Listing Open House and the Buyer (what is the relationship?)Question:I got a Buyer client from an Open House which I did prior to Listing to see if there was any interest. Now, I have a Buyer. What do I do?Answer:Potentially, this is extremely risky. I assume that you are under an implied age...
07/07/2017
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Wrapping up the First Deal (Ontario)Questions:I am the Listing Agent. I had a deal that was signed conditionally, conditions have expired, I didn't get NOF or waiver, so the deal is dead. I requested the cooperating agent to send a release which she said she will and she didn't. For some reason, ...
07/07/2017
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Brian Madigan’s Comments on the Star Double-Ending EditorialIt looks like all of a sudden everyone is out to change the real estate rules, and apparently, this is long overdue. Here’s the recent Star Editorial. My comments appear in yellow.Stop real estate agents from 'double-ending': EditorialTh...
07/07/2017
Toronto Market Drops 13.66% from Peak (June 2017)The Toronto Real Estate Board released its market statistics today.More Moderate Price Growth in June TORONTO, July 6, 2017 – Greater Toronto Area REALTORS® reported 7,974 sales through TREB’s MLS® System in June 2017 – down by 37.3 per cent in co...
07/07/2017
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