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2018
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Landlord Cancels Contract (Ontario)Question:Tenant applies to a rental owned and/or managed by a rental management company. Tenant is accepted, lease signed, deposit remitted and accepted. Tenancy due to begin August 1, 2018.Later, Management company calls tenant and says they are returning the d...
06/29/2018
“Intention” in the Interpretation of Contractual AgreementsMany people seem to be confused by the role of “intention” in the interpretation of contractual agreements. They seem to think that Judges will always look behind the scenes to determine what the parties might have been thinking.In their ...
06/29/2018
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Calendar days is the preferred choice. Everyone knows what that means. Business days under REBBA only apply to regulatory matters related to registrants. It does not apply to Vendors and Purchasers. So, iit is a very problematic term. Banking days is just as bad. There is no definition of that te...
06/29/2018
Commercial Bond Yields CMB GoC Floating RateInsured Cost of Funds 5 Year - 2.40%*CANHOU 12/15/23 [+0.03] 5 Year - 2.02%CAN 1.75 03/01/23 [+0.04] 1.70% [-] 10 Year - 2.58%*CANHOU 12/15/28 [+0.04] 10 Year - 2.13%CAN 2.0 ...
06/29/2018
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Holding Back Offers Document in OntarioQuestion: Form 244 on a Listing Says: "No Conveyance of Offers Until 5pm Monday, presentation at 8pm"To me it means do not tell me you have and offer, do not send me a form 801 for Offer Registration until 5pm on Monday. What does this mean to you?Answer:The...
06/28/2018
Lawn Maintenance and the Tenant’s Responsibilities (Ontario)Question:I leased a detached home recently. The Landlord put a couple sentences in one of the schedules about the Tenant cutting the grass and shoveling the snow.I now discover that this is contrary to the provisions of Ontario’s new sta...
06/28/2018
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Asbestos Presence (Ontario)Question:What happens if the seller and their agent have said that to the best of their knowledge, asbestos is not present in a home and after the deal is firm it turns out that there is asbestos? Answer:The clause we have unfortunately is rather useless, and has limite...
06/28/2018
HIGH RATIO fixed term best discounted and preferredposted rates as of June 27, 2018 Terms Posted Rates Our Rates 6 mos 3.14% 3.10%1 year 3.04% 2.99%2 yea...
06/27/2018
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% 3.09% Fixed 4 Year 3.89% 3.44% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable 2.40% Prime 3.45% Benchmark 5.34%
06/26/2018
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% 3.09% Fixed 4 Year 3.89% 3.44% Fixed 5 Year 5.14% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.99% Variable Rate 2.40% Prime Rate 3.45% Benchmark Rate 5.34% Cost per ...
06/25/2018