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 

Be Careful with the Legal DescriptionNorthfield as Vendor sold a parcel of property to North American on 12 June 2007. The parcel comprising 7.31 acres was located at the southwest corner of an intersection in the city of Waterloo. It was sold conditional upon rezoning which took 6 years.The Agre...
09/30/2018
Agent Convicted for “Signing” on Behalf of ClientThis is a very serious offence.In this case, a deal fell apart, and the Agent involved actually signed the Mutual Release on behalf of his Buyer client.The Buyer had provided a $10,000.00 deposit. The Agent falsely prepared a Mutual Release which d...
09/28/2018
Commercial Bond Yields CMB 5 Year - 2.65% CANHOU 12/15/23 [+0.01]   ‌ 10 Year - 2.83% CANHOU 12/15/28 [+0.01]   GoC 5 Year - 2.34% CAN 2.00 09/01/23 [+0.02]   ‌ 10 Year - 2.43% CAN 2.0 06/01/28 [+0.01] GOC Bonds are for reference purposes only
09/28/2018
Specific Performance in Commercial TransactionsIn most situations, specific performance, that is, an actual conveyance of the property is not an available remedy. That is due to the fact that most of the time in a commercial purchase, damages will be sufficient.Justice Edwards in a motion to disc...
09/27/2018
HIGH RATIO fixed term best discounted rates & posted rates as of September 27, 2018 Terms                           Posted Rates                 Preferred Rates 6 mos                          3.14%                          3.10%1 year                          3.04%                          3.19%2...
09/27/2018
Some Basic Residential Tenancy Insurance Issues in OntarioQuestions:If you represent a client who wishes to lease his condo as a FURNISHED lease for 6 months (short term): 1. Does the Landlord’s home insurance still continue in full force covering a short term lease? 2. If the insurance company f...
09/27/2018
Signing Back an Offer and Accepting it too!Question:I am acting for the Seller and we received a fairly good Offer, open until midnight. We actually signed it back at 8:00 pm, and afterwards my Seller had second thoughts. Can the Seller still accept it before midnight?Answer:No, there were severa...
09/26/2018
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 3.19% 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% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.74% Variable Rate 2.65% Prime Rate 3.70% Benchmark Rate 5.34% Cost per ...
09/26/2018
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.04% 3.19% 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% 3.29% Fixed 7 Year 5.30% 3.44% Fixed 10 Year 6.10% 3.74% Variable 2.65% Prime 3.70% Benchmark 5.34%
09/25/2018
Is there a Common Understanding of Banking Days (or Business Days)?What difference does it make if someone uses the concept of banking days or business days? There’s no common accepted understanding of the meaning. There used to be, but not now.Rollback the clock to the ‘70’s and ‘80’s and it was...
09/25/2018
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Brian Madigan

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local_phone(416) 745-2300
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