ARCHIVED BLOG POSTS
2019
HIGH RATIO fixed term best discounted rates & posted rates as of March 30, 2019 Terms Posted Rates Preferred Rates6 mos 3.34% 3.30%1 year 3.59% 3.19%2 year ...
03/31/2019
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Preference for Warranty ClausesConsider the following type of clause:“The Seller represents and warrants to the best of his knowledge and belief that the swimming pool and equipment are now, and on the completion shall be, in good working order. The Parties agree that this representation and warr...
03/31/2019
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Merger Survivorship Wording (Ontario)Consider the following clause:“The Seller represents and warrants to the best of his knowledge and belief that the swimming pool and equipment are now, and on the completion shall be, in good working order. The Parties agree that this representation and warran...
03/30/2019
Swimming Pools Warranty (Best of Knowledge and Belief)Question:“The Seller represents and warrants to the best of his knowledge and belief that the swimming pool and equipment are now, and on the completion shall be, in good working order. The Parties agree that this representation and warranty s...
03/30/2019
Commercial Bond Yields CMB 5 Year - 1.93%* CANHOU 06/15/24 [+0.09] 10 Year - 2.15%* CANHOU 09/15/29 [+0.08] * denotes interpolated rate GoC 5 Year - 1.54% CAN 2.50 06/01/24 [+0.11] 10 Year - 1.63% CAN 2.0 06/01/28 [+0.09] GOC Bonds are for reference purposes only
03/29/2019
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Tax Arrears CertificatesTaxes Outstanding: What happens if they are discovered following closing?There was a time when tax arrears certificates were ordered by lawyers routinely. It was part of their job. It wasn’t costly, about $25.00. Then, the transaction on closing would direct part of the fu...
03/27/2019
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Referrals Have Liability The Supreme Court of Canada examined the role of a lawyer in a referral of a financial advisor to a client. You probably already suspect the problem. The financial advisor absconded with the money. Naturally, this had nothing at all to do with the lawyer except for the ...
03/26/2019
Conditions and Firming UpThe Notice of Fulfillment (NOF), Waiver and Amendment will all work in firming up a deal.The Amendment is risky to use since it involves 2 parties, whereas the NOF and Waiver just require 1 party alone.The NOF was created for True Conditions Precedent, and not for any oth...
03/26/2019
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Spousal Consent in OntarioQuestion: House is in husband's name and wife has consented to the listing. When we receive an offer can husband negotiate back and forth and then wife signs spousal consent at the end of negotiations? What if they are not on the same page?Answer:The Spousal Consent as i...
03/26/2019
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.19% Fixed 3 Year 3.89% 3.19% Fixed 4 Year 3.94% 3.39% Fixed 5 Year 5.59% 3.24% Fixed 7 Year 5.80% 3.59% Fixed 10 Year 6.10% 3.69% Variable Rate 2.95% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...
03/26/2019