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 

Duties and Obligations Owed to Clients, Customers and the Public  It’s important to have a look at the Code of Ethics under the Real Estate and Business Brokers Act, 2002.  Some sections apply to clients, some to customers and some to the public generally: ·        Representation agreements are d...
05/28/2018
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 2.51%*CANHOU 06/15/23 [-0.07]       5 Year - 2.19%CAN 1.75 03/01/23 [-0.07]       1.67%                     [-]                       10 Year - 2.77%*CANHOU 12/15/28 [-0.08]       10 Year - 2.35%CAN 2.0 ...
05/25/2018
Toronto Market Steadies In April 2018  TORONTO, ONTARIO, May 3, 2018 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, s...
05/25/2018
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% 3.19% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.34% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable Rate 2.45% Prime Rate 3.45% Benchmark Rate 5.34% Cost per...
05/22/2018
Commercial Bond Yields   CMB         GoC         Floating RateInsured Cost of Funds 5 Year - 2.62%*CANHOU 06/15/23 [-0.03]       5 Year - 2.31%CAN 1.75 03/01/23 [-0.03]       1.67%                     [-]                       10 Year - 2.91%*CANHOU 12/15/28 [-0.03]       10 Year - 2.50%CAN 2.0 ...
05/18/2018
Placing the Deposit in the Trust Account (Ontario)Question:When a deposit is provided "herewith" with an offer by a Buyer, does the 5 day deposit requirement start the next day or the day after the final acceptance of the offer?For example:A Buyer makes an offer on May 1st with a deposit “herewit...
05/15/2018
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% 3.14% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable Rate 2.45% Prime Rate 3.45% Benchmark Rate 5.34% Cost per ...
05/15/2018
Term Posted Rate Preferred Rate 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% 3.14% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable 2.45% Prime 3.45% Benchmark 5.34%
05/13/2018
Security at an “Open House” (Ontario)Question:I had prospective visitors leave when I asked for ID. They thought that this was an invasion of their privacy. Answer:Yes, indeed it is an invasion of their privacy. And their entry into the house is an invasion of the privacy of the homeowner.RECO do...
05/13/2018
Brian Madigan AEA Courses: “Just Deposits”Seminar: "Just Deposits"• Is a deposit required?• When is it due?• Contract Start Time.• Counting time.• What happens if the deposit is late? • How much should the deposit be? • Liability of an Agent related to the deposit? • Is a Mutual Release Necessary...
05/13/2018
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Brian Madigan

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