ARCHIVED BLOG POSTS
2018
Getting Around the Bhasin DecisionFrom time to time, it’s necessary to submit an Offer which is truly “conditional” and that condition is really to be based upon the Buyer’s own whimsical and capricious decision-making process.It’s “open-ended” for the Buyer and it’s “risky for the Seller. Howeve...
03/03/2018
Consideration vs. Signed under SealQuestion:What is the need for seals if we have consideration for a contract? Could you explain?Answer:Two people are just talking unless there is a contract.So, the first step to confirm a contract would be the use of a seal. If that's the case, you don't need a...
03/03/2018
Deed Restrictions or Restrictive Covenants on Title in OntarioQuestion:Sometimes deed restrictions conflict with the zoning , that is zoning permits a duplex and a restrictive covenant does not.If during the title search the lawyer discovers that , can it be a cause for the buyer not to close the...
03/03/2018
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Title Insurance: Who Buys? (Ontario)Question:Clause 10 in the standard Form OREA Agreement of Purchase and Sale states... “which seller is unable or unwilling to remove, remedy or satisfy or obtain insurance... (Title Insurance).”Is the Seller responsible to pay/obtain Title insurance?Answer:Whil...
03/03/2018
Understanding “Absolute Discretion” in OntarioQuestion:What does absolute discretion for a Buyer really mean? Can a Buyer walk away from a deal over a GFI plug?Answer:How do you deal with the issue of “absolute discretion? It used to be assessed on a subjective basis and now it will be determined...
03/02/2018
Liability for Referrals to Other Professionals (Ontario)Question:Is there any liability imposed upon an agent for a referral?Answer:There are always issues when it comes to referrals. This is actually a professional responsibility under the Act. Sometimes, you can appreciate that you are being as...
03/02/2018
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 2.33%*CANHOU 06/15/23 [-] 5 Year - 2.02%CAN 1.0 03/01/23 [-0.01] 1.49% [-] 10 Year - 2.60%*CANHOU 03/15/28 [-0.01] 10 Year - 2.20%CAN 1.0 06/01...
03/02/2018