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 

Real Estate Inventory in the GTAThere appears to be rather significant shortage in freehold inventory in Toronto and the GTA.The question is why!There are several factors to consider:Net MigrationThere are about 170,000 new people moving to the GTA each year. That’s important. They have to live s...
01/10/2017
TERM POSTED PREFERRED RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 2.99% 2.39% Fixed 2 Year 2.84% 2.14% Fixed 3 Year 3.39% 2.34% Fixed 4 Year 3.89% 2.54% Fixed 5 Year 4.64% 2.64% Fixed 7 Year 5.30% 3.19% Fixed 10 Year 6.10% 3.69% Variable Rate 2.15% Prime Rate 2.70% Benchmark Rate 4.64% Cost per ...
01/10/2017
What is the Role of An Agent when a Home Inspection is conducted?Assume, that you are the Buyer’s agent and that you have drafted a condition which permits the Buyer to be satisfied with an Inspection.1)              Do you recommend the Inspector?2)              Do you offer 3 names of possible ...
01/09/2017
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 3.04% 2.29% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.49% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.09% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE  Prime Rate 2.70% 5 yr variable 2.30%
01/09/2017
Agents: What Continuing Education Courses Should You Take?The Real Estate Council of Ontario (RECO) which regulates the real estate industry has taken over Continuing Education to a large extent.Previously, this was a field occupied by independent education developers, some small, some medium siz...
01/08/2017
Lawyer’s Approval Clause ReviewedFrequently, you may require a Lawyer’s Approval Clause. Quite commonly, they may be written as a Condition Precedent, however, we will review one drafted as a Condition Subsequent, in detail.This is advantageous since if the approval is given, then nothing is requ...
01/08/2017
Lawyer’s Approval Clause ReviewedFrequently, you may require a Lawyer’s Approval Clause. Quite commonly, they may be written as a Condition Precedent, however, we will review one drafted as a Condition Subsequent, in detail.This is advantageous since if the approval is given, then nothing is requ...
01/08/2017
Lawyer’s Approval Clauses Question:I might be inclined to look at a Buyer’s condition drafted as a condition subsequent because it involves less paperwork.Answer:Here are two clauses They are slightly different from one another, one is drafted as a Condition precedent and the other as a Condition...
01/08/2017
Continuing Education: The TransitionThe basic pre-registration education system is delivered in three formats: 1) correspondence, 2) online and 3) classroom.The current continuing mandatory educational system is delivered only online.Training programs which still continue and never qualified for ...
01/08/2017
2017 - Sales are Up and Prices are UpThe Toronto Real Estate Board had reported on the December results, and the year end. Here is the report:Record Sales in 2016 TORONTO, ONTARIO, January 5, 2017 – Toronto Real Estate Board President Larry Cerqua announced that 2016 was a second consecutive reco...
01/07/2017
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Brian Madigan

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