ARCHIVED BLOG POSTS
2018
Commercial Bond Yields CMB 5 Year - 2.77% CANHOU 12/15/23 [+0.01] 10 Year - 2.93% CANHOU 12/15/28 [+0.01] GoC 5 Year - 2.46% CAN 2.00 09/01/23 [+0.01] 10 Year - 2.54% CAN 2.0 06/01/28 [+0.01] GOC Bonds are for reference purposes only Floating rate insured cost of funds 1.94% [-] ...
11/09/2018
A Decade of Reluctant Litigants in a Drawn Out LawsuitWe looked at the case of Scicluna v. Solstice Two Limited which was decided by the Ontario Court of Appeal on 23 February 2018, arising out of an Agreement dated 8 April 2008.That was a long time for a lawsuit. We just looked at it from the pe...
11/04/2018
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20% Deposit is GoodThe Ontario Court of Appeal just had an opportunity to consider the size of a deposit in an agreement.If it’s too large, it might be struck down as a “penalty” and a penalty is not allowed. There is also a discretion provided to Judges to make a decision permitting “relief from...
11/04/2018
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Current Use in APS (Ontario)Question:I have received mixed comments about filling in the “current use” section in the standard Form. Some say “fill it in”, others say “leave it blank, it’s the same thing”.Answer:If the use is left blank, it's more difficult for the Buyer to challenge it.For exam...
11/04/2018
Deposit Too Large to be ForfeitedOn occasion, a deposit can be too large. Then, it becomes something of a penalty if it’s lost. The Court has the right to grant “relief from forfeiture” when it’s simply too large.How does this happen?FactsThe Ontario Court of Appeal just looked at a case Scicluna...
11/04/2018
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S. 116 ITA Holdback (Ontario)Question:I have a question about Holdbacks until a clearance certificate is provided.A townhouse is owned by three people... a brother, a sister and her husband. It is registered as Joint Tenancy. Throughout the ownership, they have considered that the brother owns 50...
11/04/2018
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Land Lease Issues (Ontario)Writing up an offer for a row house that’s on a land lease . It is not a mobile home and has maintenance fees plus a land lease. What do I need to watch out for?Answer:You should see the Land Lease BEFORE the Offer is submitted. Several important things to look for: 1)...
11/03/2018
Commercial Bond Yields CMB 5 Year - 2.75% CANHOU 12/15/23 [-0.02] 10 Year - 2.92% CANHOU 12/15/28 [-] GoC 5 Year - 2.44% CAN 2.00 09/01/23 [-] 10 Year - 2.52% CAN 2.0 06/01/28 [-] GOC Bonds are for reference purposes only Floating rate insured cost of funds 1.88% [-] ...
11/03/2018
HIGH RATIO fixed term best discounted rates & posted rates as of October 29, 2018 Terms Posted Rates Preferred Rates 6 mos 3.14% 3.10%1 year 3.59% 3.19%2 y...
11/02/2018
Offer Conveyance: Agency or Non Agency (Ontario)Question:You obtain a listing, show the property to a buyer customer and obtain an offer from the customer. The offer states the deposit will be submitted “upon acceptance” of the offer. Before you can meet with the sellers and present the offer, th...
11/01/2018
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