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2018
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Holdover Commissions in OntarioQuestion:A buyer is introduced during validity of the first representation agreement and completes the purchase under a subsequent representation agreement with another brokerage. Two observations: “Under current practices, the holdover provision usually states tha...
05/13/2018
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Calling Back the Offer in OntarioQuestion:You show your listing to a buyer customer. You prepare an offer. Before you meet with the seller to present the offer, the buyer calls you to tell you they have changed their mind and does not want you to present the offer. What do you do?Answer:You tell...
05/11/2018
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 2.53%*CANHOU 06/15/23 [+0.01] 5 Year - 2.21%CAN 1.75 03/01/23 [-] 1.62% [-] 10 Year - 2.80%*CANHOU 12/15/28 [-] 10 Year - 2.38%CAN 2.0 06/01/2...
05/11/2018
Improvident Use of the Keys Prior to ClosingThere’s actually a small risk on closing that Buyers and their Agents just might not know about.Possession on closing is allowed at the time the transaction is completed, but not before.In Ontario at the moment we have electronic transactions. The Selle...
05/08/2018
Witnesses on Real Estate Documents in OntarioQuestion: Is the witness signature mandatory in the Form 100, being the Standard Form Agreement of Purchase and Sale ? Can anyone sign as witness? Are there any restrictions? Answer:Generally, it is no longer required. This has arisen somewhat with eSi...
05/08/2018
HIGH RATIO fixed term best discounted rates & posted rates as of May 8, 2018 Terms Posted Rates Our Rates 6 mos 3.14% 3.10%1 year 3.04% 2.99%2 year ...
05/08/2018
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Access To Lake By Prescription in OntarioQuestion:1) if after using the land of neighbour A for about 20 years to launch boat in lake the property of neighbour A gets sold. The easement was not registered and the property was in registry system. Now with new owner and property registered in land ...
05/06/2018
HIGH RATIO fixed term best discounted rates & posted rates as of May 6, 2018 Terms Posted Rates Our Rates 6 mos 3.14% 3.10%1 year 3.04% 2.99%2 year ...
05/06/2018
Ontario’s New Standard Lease Form 30 April 2018Question:What type of documents are now needed with Ontario’s new Standard Lease Form which is required to be used effective 30 April 2018?Answer:With the changes, here’s how I would put the package together: Confirmation of Cooperation and R...
05/04/2018
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 2.45%*CANHOU 06/15/23 [-0.02] 5 Year - 2.13%CAN 1.0 03/01/23 [-0.02] 1.62% [-] 10 Year - 2.74%*CANHOU 12/15/28 [+0.02] 10 Year - 2.30%CAN 1.0 ...
05/04/2018
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