ARCHIVED BLOG POSTS
2018
Capital Gains on a Subsequent Transfer by a Child (Ontario)Question:If the transfer to an adult child is at $1, and the child sells it 6 months later (assume it is not their principal residence, but was left vacant), do they pay capital gains on the entire sale price or on the difference of value...
11/23/2018
Seller Lacks Funds to Pay Co-operating Brokerage (Ontario)Question:The Seller cannot pay commission on the transaction. How does the buyer agent get paid? Do they sue the selling brokerage? Answer:This situation actually arises quite frequently, but there is a simple, easy and straightforward sol...
11/23/2018
HIGH RATIO fixed term best discounted rates & posted rates as of November 23, 2018 Terms Posted Rates Preferred Rates 6 mos 3.34% 3.10%1 year 3.59% 3.19%2 ...
11/23/2018
Commercial Bond Yields CMB 5 Year - 2.64% CANHOU 12/15/23 [-0.01] 10 Year - 2.79% CANHOU 12/15/28 [-0.02] GoC 5 Year - 2.29% CAN 2.00 09/01/23 [-0.01] 10 Year - 2.34% CAN 2.0 06/01/28 [-0.02] GOC Bonds are for reference purposes only
11/23/2018
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Pre-Closing Inspection (Ontario)Question:If it’s not mentioned in the Agreement of Purchases and Sale, May the Buyer see the property before closing?Answer:Whether stated or not stated, the Buyer has a common law right of inspection before closing. This is to determine whether or not there are an...
11/18/2018
Sellers Should Check Chattels Before ClosingThis makes good sense, but it is a step which is skipped in most cases. The Sellers are so busy packing and moving to their new house that they omit a very basic step and that is to:CHECK whether the chattels are in good working order.Judge Marr recentl...
11/17/2018
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Buyer Customer Service AgreementsQuestion:I find them difficult to understand and explain.Answer:Customer Service doesn't make any sense in most situations. It doesn't exist in any professions other than real estate. It was made up as a concept to allow double-ending.Properly explained, no one is...
11/17/2018
HIGH RATIO fixed term best discounted rates & posted rates as of November 17, 2018 Terms Posted Rates Preferred Rates 6 mos 3.34% 3.10%1 year 3.59% 3.19%2 ...
11/17/2018
Commercial Bond Yields CMB 5 Year - 2.63% CANHOU 12/15/23 [-0.02] 10 Year - 2.78% CANHOU 12/15/28 [-0.02] GoC 5 Year - 2.30% CAN 2.00 09/01/23 [-0.03] 10 Year - 2.37% CAN 2.0 06/01/28 [-0.02] GOC Bonds are for reference purposes only Floating rate insured cost of funds 1.94% [-] ...
11/16/2018
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Joint Tenancy may not be 50/50Ordinarily, one would think that the proceeds of the sale of property should be divided 50/50 in the case of "Joint Tenancy".However, that was not the case in Kamermans v. Gabor, a decision made by Mr. Justice Heeney and released on 6 September 2018.It should be made...
11/15/2018
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