ARCHIVED BLOG POSTS
2018
Commercial Bond Yields CMB 5 Year - 2.53%* CANHOU 12/15/23 [-0.04] 10 Year - 2.65% CANHOU 12/15/28 [-0.05] * denotes interpolated rate GoC 5 Year - 2.18%* CAN 2.00 09/01/23 [-0.05] 10 Year - 2.24% CAN 2.0 06/01/28 [-0.05] GOC Bonds are for reference purposes only
08/31/2018
Water Penetration in the Basement: Available RemediesThe Buyers purchased a property less than two years ago. Following the closing they noticed that the property was experiencing water coming in through the basement walls.Foundation Contractors were consulted to estimate the cost of repairs. In ...
08/30/2018
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% 3.24% Fixed 4 Year 3.89% 3.54% Fixed 5 Year 5.14% 3.34% Fixed 7 Year 5.30% 3.49% Fixed 10 Year 6.10% 3.94% Variable 2.65% Prime 3.70% Benchmark 5.34%
08/30/2018
Water Penetration in the Basement: Remedy Available (Ontario)Question:A buyer client purchased a property less than two years ago. Since they closed, the property that has been experiencing water coming in through the basement.It’s apparent, and has been determined by two separate contractors, t...
08/27/2018
Supreme Court of Canada Grants Access to “Sold Information”The Toronto Real Estate Board (TREB) has been engaged in an ongoing dispute with the Competition Bureau since 2011 over “sold information”.TREB argued that it was about “privacy, confidentiality and proprietary information”.The Competitio...
08/24/2018
Commercial Bond Yields CMB 5 Year - 2.56%* CANHOU 12/15/23 [+0.01] 10 Year - 2.68% CANHOU 12/15/28 [+0.01] * denotes interpolated rate GoC 5 Year - 2.22%* CAN 2.00 09/01/23 [+0.02] 10 Year - 2.27% CAN 2.0 06/01/28 [+0.02] GOC Bonds are for reference purposes only
08/24/2018
Agent’s Risk of Disclosing Far too Much!There are two separate and distinct disclosure requirements, one under the Real Estate and Business Brokers Act, 2002 and the other, under the Code of Ethics. The Act requires disclosure of a direct or indirect interest. This notice goes to the OTHER side i...
08/21/2018
Uniqueness of a Property Qualifying for the Equitable Remedy of Specific Performance”The leading case on Specific Performance is Semelhago v. Paramadevan, [1996] 2 SCR 415.A property needed to be unique in order for it to qualify.Here’s what Mr. Justice Sopinka said:“14 Different co...
08/21/2018
Specific Performance in Real Estate TransactionsDo you get the property if the Seller changes his mind?The answer appears to be: “sometimes”.Mr. Semelhago purchased a property under construction from Mr. Paramadevan, who was a builder in 1986. A little bit of time went by while the building was b...
08/21/2018
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How Deep Should a Pool Be? This question arises from time to time. Some pools now run just shallow ends. Being 4.5 feet to 5 feet, some a little deeper at 6 feet and most still have a deep end which measures 8 feet.Here are some of the risks and benefits:1) You can dive with a 8 ft pool,2) ...
08/20/2018
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