ARCHIVED BLOG POSTS
2018
0
Comments
Notices For “Customers”Question:Can brokerage receive notices for seller Customer, or only for seller Clients?Answer:The delegation of authority is set out in the standard form Agreement of Purchase and Sale. The Listing agent will have authority to give and receive Notices on behalf of the Selle...
09/07/2018
Commercial Bond Yields CMB 5 Year - 2.55%* CANHOU 12/15/23 [+0.03] 10 Year - 2.68% CANHOU 12/15/28 [+0.03] * denotes interpolated rate GoC 5 Year - 2.20% CAN 2.00 09/01/23 [+0.04] 10 Year - 2.27% CAN 2.0 06/01/28 [+0.03] GOC Bonds are for reference purposes only
09/07/2018
Toronto Market Continues to Decline Over August 2018The Toronto Real Estate Board (TREB) has just released its August statistics:GTA REALTORS® Release August Stats TORONTO, ONTARIO, September 6, 2018 – Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-...
09/06/2018
0
Comments
Commissions Payable on FSBO Deals in OntarioQuestion:How does the commission arrangement work in a FSBO deal with a Customer Service Agreement?Answer:You are referring to Form 201 being the “Commission Agreement for a Property Not Listed”. This is the Form that you use for FSBO’s. Usually, it wil...
09/06/2018
Uniqueness: Both a Subjective and Objective Test for Specific PerformanceThe Superior Court of Justice on a motion to grant Summary Judgment looked at the material filed in order to determine whether an Order for Specific Performance would be granted (Gillespie v. 1766998 Ontario Inc., 2014).The ...
09/05/2018
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% 3.24% 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 Rate 2.65% Prime Rate 3.70% Benchmark Rate 5.34% Cost per ...
09/05/2018
Specific Performance Considerations in Residential TransactionsRecently, a Court in Newfoundland had to consider the application of the laws of specific performance. Not unexpectedly, a good number of the cases were drawn from Ontario.In Johnson v. Benjamin on 26 March 2012, the Superior Court co...
09/04/2018
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%
09/04/2018
Multiple Representation with Two Buyers (Ontario)Question:You have 2 buyers who want to put an offer on the same property. It is another brokerage's listing. The buyer agent has to tell both of his buyers that they are in multiple representation with the buyer agent's brokerage. Does the buyer ag...
09/04/2018