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 

Securing the Farm Property Before ClosingQuestion: I have a buyer looking at a farm property and it has a ton of outbuildings that are full of antiques and other non-value items that have just been left to weather over the years. Our concerns are if we purchase the property as is and with all of ...
10/28/2018
Mutual Driveways (Ontario)Question:How can I be sure that there is a Mutual Driveway, or driveways access?Answer:Be sure to check the Survey.You have to be careful. It's been estimated that there are over 30,000 improperly documented "mutual" driveways in Toronto. There are only three ways to pro...
10/28/2018
Please note the prime rate has changed to 3.95%.Commercial Bond Yields  CMB 5 Year - 2.70% CANHOU 12/15/23 [-0.04]   ‌ 10 Year - 2.84% CANHOU 12/15/28 [-0.03]   GoC 5 Year - 2.36% CAN 2.00 09/01/23 [-0.04]   ‌ 10 Year - 2.41% CAN 2.0 06/01/28 [-0.04] GOC Bonds are for reference purposes only Flo...
10/27/2018
Liability for an Unexpected Trip and FallQuestion:Your current sellers go to an open house (without you). They go to the basement and the husband trips down the stairs - misses three stairs and blows out his back. They had to call the open house agent from upstairs to help him get to car. Now you...
10/22/2018
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% 3.39% Fixed 4 Year 3.89% 3.64% Fixed 5 Year 5.14% 3.40% Fixed 7 Year 5.30% 3.59% Fixed 10 Year 6.10% 3.94% Variable 2.65% Prime 3.70% Benchmark 5.34%
10/22/2018
HIGH RATIO fixed term best discounted rates & posted rates as of October 20, 2018 Terms                           Posted Rates                 Our Rates 6 mos                           3.14%                          3.10%1 year                          3.04%                          3.19%2 year  ...
10/21/2018
Built-in Dishwasher RemovedQuestion:The Buyer is Customer. A property sells and when the transactions closes, the Buyer finds out that the Seller has removed a built-in dishwasher. Dishwasher was only pointed out in the listing agreement. The Buyer contacts the Seller and the Seller points out th...
10/19/2018
Commercial Bond Yields  CMB 5 Year - 2.72% CANHOU 12/15/23 [-0.02]   ‌ 10 Year - 2.89% CANHOU 12/15/28 [-0.02]   GoC 5 Year - 2.40% CAN 2.00 09/01/23 [-0.02]   ‌ 10 Year - 2.49% CAN 2.0 06/01/28 [-0.03] GOC Bonds are for reference purposes only Floating rate insured cost of funds 1.88% [-] Prime ...
10/19/2018
Capacity to ContractA person must have the capacity to contract in order for the contract to be legally binding upon them. Essentially, it doesn’t mean anything more than “having their wits about them”, but, naturally there are many reasons why someone’s judgment might be impaired. They are subje...
10/18/2018
Term Posted Rate Our 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% 3.59% Fixed 10 Year 6.10% 3.94% Variable 2.65% Prime 3.70% Benchmark 5.34%
10/17/2018
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Brian Madigan

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local_phone(416) 745-2300
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