ARCHIVED BLOG POSTS
2018
Duties to the Principal“A real estate agent under the law has numerous responsibilities to the principal including general duties at common law and specific provisions of provincial statutes. The fundamental duties of an agent to a principal are:• Good faith and full disclosure;• Competence• Obed...
03/18/2018
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Rules Relating to“Pets” in OntarioThere are some issues relating to pets in Ontario. Some Landlords don’t like them. The Residential Tenancies Act will not allow a Tenant to be evicted because they have a pet.This leads a number of agents to suggest hiding the pet for a week or two and then havin...
03/16/2018
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Future Estates and Life Estates (Ontario)Before his death, Bill had written a Will in which he granted his wife Mary a life estate for the cottage property and a future estate for their son Bob. Mary is a business executive for a multinational corp. travels a lot and leases the cottage to a tena...
03/16/2018
Financing Condition: and Two Agents for Same ClientQuestion:My Buyers have an accepted offer on their home conditional on acceptable financing. I am not the Listing Agent.Their Buyer is coming through with his contractor to determine costs to convert the property into a duplex (not a condition.)T...
03/16/2018
Investment Real Estate in Ontario’s Cottage CountryI think that it is important for investors to have a “waterfront property”. That’s where the long term value will be in rural and vacation areas.In terms of value: First, something with a good view on a larger lake with access to other la...
03/16/2018
2018 Terms Posted Rates Preferred Rates 6 mos 3.14% 3.10%1 year 3.04% 2.99%2 year 3.24% 3.24%3 year ...
03/16/2018
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 2.31%*CANHOU 06/15/23 [-0.02] 5 Year - 1.98%CAN 1.0 03/01/23 [-0.01] 1.57% [-] 10 Year - 2.56%*CANHOU 03/15/28 [-0.01] 10 Year - 2.14%CAN 1.0...
03/16/2018
February 2018 – Good News for GTA Real EstateWith all of the doom and gloom you have seen published in the press, I thought that you might like to have a closer look at the numbers and see what they reveal.Here’s the February Report from TREB:GTA REALTORS® Release February Stats TORONTO, ONTARIO,...
03/13/2018
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Withdrawing Offer an Offer in OntarioQuestion:So, a person making an offer to purchase real estate can withdraw an offer prior to communication acceptance of the offer back to offeror? What does this mean? Does it mean that if seller counters back he/she the buyer can withdraw in plain terms?I kn...
03/13/2018
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.99% Fixed 2 Year 3.24% 3.19% Fixed 3 Year 3.44% 3.04% Fixed 4 Year 3.89% 3.39% Fixed 5 Year 5.14% 3.19% Fixed 7 Year 5.30% 3.39% Fixed 10 Year 6.10% 3.84% Variable Rate 2.40% Prime Rate 3.45% Benchmark Rate 5.14% Cost per ...
03/12/2018
Rainmaker
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Brian Madigan
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