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2019
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Adding another Buyer by Amendment in OntarioThis is the provision which you would add: INSERT: By executing this Amendment John Smith agrees to be bound by the terms of the Agreement of Purchase and Sale dated 26 October 2019 together with Schedules A and B, which are attached as an Appendi...
11/10/2019
Rate of Return on Real EstateWhat is the rate of return on real estate?Basically: 5% per annum!And, that’s measured over long periods of time. Sometimes, it’s less and sometimes it’s more, but over the long run it’s fairly close to 5%.There’s about 1,000 years of history to go with this. In 1066,...
11/10/2019
Is it Appropriate for Two to Sign Confirmation of Acceptance?Question:1) is there an issue to have both sign ? 2) in this day and age of electronic signatures, must you route and order the signatures to only have 1... or is 2 acceptable? Answer:The COA is to be signed by the person who knows that...
11/10/2019
Commercial Bond Yields CMB 5 Year - 1.85% CANHOU 12/15/24 [-0.02] 10 Year - 2.00% CANHOU 06/15/30 [-0.02] * denotes interpolated rate GoC 5 Year - 1.56% CAN 1.50 09/01/24 [-0.02] 10 Year - 1.58% CAN 2.25 06/01/29 [-0.02] 15 Year - 1.70%* CAN 06/01/35 [-0.02] 20 Year - 1.75%* CA...
11/08/2019
Deposit Must Be CreditedThis is an issue that arises from time to time. If you are already in the Court of Appeal, you might as well raise it, but on occasion a lower Court gets it wrong and you have to appeal in order to rectify the decision.This was the case in Azzarello v. Shawqi released 16 O...
11/04/2019
Term Posted Rate Preferred Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 2.69% Fixed 2 Year 3.74% 2.69% Fixed 3 Year 3.89% 2.69% Fixed 4 Year 3.94% 2.69% Fixed 5 Year 5.19% 2.69% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.19%
11/04/2019
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Heating & CoolingHeating and cooling your home accounts for about 60% of your energy costs.Warm to these cool tips to make a big impact on your energy bill.Tip:Install ceiling fans and use them to supplement or even as an alternative to air conditioning - ceiling fans generally use very little el...
11/03/2019
Disclosed Kitec Plumbing is not a Reason to Permit Buyer to WalkThe Divisional Court of Ontario just considered a Kitec Plumbing issue in a condominium. In fact, it was disclosed. It was also identified in the contract and subsequently it was subject to a credit in the Agreement of Purchase and S...
11/03/2019
Commercial Bond Yields CMB 5 Year - 1.75% CANHOU 12/15/24 [+0.02] 10 Year - 1.86% CANHOU 06/15/30 [+0.03] * denotes interpolated rate GoC 5 Year - 1.44% CAN 1.50 09/01/24 [+0.03] 10 Year - 1.42% CAN 2.25 06/01/29 [+0.01] 15 Year - 1.54%* CAN 06/01/35 [-] 20 Year - 1.60%* CAN 06...
11/02/2019
Carpet Stain Insufficient to Allow Buyer to Walk AwayIn a recent case, the Divisional Court of Ontario had to hear an appeal from a case where the Buyer claimed that she was not obligated to complete the transaction.The reason, apparently, was that the “carpet was stained”.In Ashrafi v. Carraro ...
11/02/2019
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Brian Madigan
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