Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)

ARCHIVED BLOG POSTS

2018 

Deleting a Portion of the Title Clause (Ontario)Question:If a knowledgeable buyer client in the preprinted clause 10. Title.scratched out and initialed the following paragraph:“(a) any registered restrictions or covenants that run with the land providing that such are complied with.”What does the...
03/11/2018
Matrimonial Homes and Excluded Property in OntarioQuestion:Property inherited or received as a gift is excluded under the property family concept.What will be happening if it is lived as a matrimonial home?Answer:Upon the assumption that the property is owned by A, who is married to B, occupied a...
03/11/2018
Disclosure by Registrant Seller or Buyer in OntarioQuestion:I understand if an agent is related to a transaction, a disclosure is a must. I'm confused whether a disclosure is necessary if an agent represents another agent to buy a house.For example, agent Tom is representing David to buy a house....
03/11/2018
Tenancy in Common Issues (Ontario)Question:I am very confused regarding tenancy in common. A and B bought property together as tenancy in common.  A is married and has children.  B is married and has children.  B died. My question.1. All the property will go to A?2. If A sells the property, will ...
03/10/2018
Terms                           Posted Rates                 Preferred Rates 6 months                       3.14%                          3.10%1 year                          3.04%                          2.99%2 year                          3.24%                          3.04%3 year           ...
03/09/2018
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 2.38%*CANHOU 06/15/23 [+0.01]       5 Year - 2.06%CAN 1.0 03/01/23 [+0.02]       1.57%                      [-]                       10 Year - 2.67%*CANHOU 03/15/28 [+0.03]       10 Year - 2.26%CAN 1.0 ...
03/09/2018
    TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.79% 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 p...
03/05/2018
Coming Soon Signs in OntarioQuestion:Can you explain these "Coming Soon" signs I'm seeing all over the place?How does that work? Are the contracts post-dated, but the sellers allow the sign on their lawn beforehand? It seems like a strange practice to me.Answer:The Listing agent will take an excl...
03/04/2018
Getting Around the Bhasin Decision (Part 2) The RationaleWe did look at a circumstance where it was necessary to draft up a suitable clause to get around the decision in Bhasin v. Hrynew that there was a duty of “good faith contractual performance in all contracts”:http://www.isourcerealestate.co...
03/04/2018
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 2.79% 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 2.40% Prime 3.45% Benchmark 5.14%
03/04/2018
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Brian Madigan

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