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 

Commercial Bond Yields CMB 5 Year - 2.51%* CANHOU 06/15/24 [+0.02]   ‌ 10 Year - 2.67% CANHOU 12/15/28 [+0.05]   10 Year - 2.70%* CANHOU 09/15/29 [+0.05] * denotes interpolated rate GoC 5 Year - 2.04% CAN 2.00 09/01/23 [+0.03]   ‌ 10 Year - 2.11% CAN 2.0 06/01/28 [+0.05] GOC Bonds are for refere...
12/07/2018
Specific Performance Ordered for Commercial Transaction The Ontario Court of Appeal recently looked at a case involving Specific Performance in a real estate transaction for commercial property in THMR Development Inc. v. 1440254 Ontario Ltd., 28 November  2018. The purchaser, THMR Development In...
12/06/2018
Cancellation Price: Tax Arrears Certificate (Ontario)Question:I have a questions regarding paying the cancellation price on Tax Arrears Certificate.What does it mean by another person paying the taxes owed have a lien with priority? What type of individual might that be?A tax cancellation certifi...
12/06/2018
True Condition Precedent: A Notice of Fulfillment is Not Required The Ontario Court of Appeal recently looked at a case involving a True Condition Precedent in THMR Development Inc. v. 1440254 Ontario Ltd.,  28 November  2018. The purchaser, THMR Development Inc. wished to acquire certain propert...
12/06/2018
Caution: Using a Notice of Fulfillment for an Inspection ConditionSometimes Buyers will use the Notice of Fulfillment to remove the inspection condition.Here’s how that provision, as annotated usually reads:Inspection:Actual ConditionThis Offer is conditional upon the inspection of the subject pr...
12/05/2018
Rejecting the Waiver: Is that Allowed?Increasingly, Listing Agents are complaining about receiving Waivers rather than Notices of Fulfillment.They want the “NOF”. They resent receiving the Waiver. They say that the Buyer’s Agent should “go back to school” to learn the right way of doing things.Hi...
12/04/2018
Court Confirms Duty to Read Electronic DocumentsA real estate agent and a client were undertaking business together by “long distance”. Documents were forwarded by an electronic software and signature platform known as “Authentisign”.Included among the documents was a Buyer Representation Agreeme...
12/04/2018
Second Wife Unjustly Enriched by Life Insurance PolicyThe field of law known as “unjust enrichment” comes up more and more. In the case of Moore v. Sweet, the Supreme Court of Canada had to consider such a case.Briefly, Michelle Moore separated from her husband Larry Moore. They arrived at a deal...
12/04/2018
    TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.34% 3.19% Fixed 2 Year 3.74% 3.19% Fixed 3 Year 3.89% 3.39% Fixed 4 Year 3.94% 3.64% Fixed 5 Year 5.59% 3.49% Fixed 7 Year 5.80% 3.74% Fixed 10 Year 6.10% 4.04% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.34% Cost p...
12/03/2018
Damaged but Brand New AppliancesQuestion:Brand new Damaged appliances were included in a Newly Built Home.The second Buyer moved into the house when it was about 4 months old. The Seller had bought brand new appliances about 3 months previously but they were never used because no one lived in the...
12/02/2018
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Brian Madigan

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