Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Gas Well on PropertyQuestion: Does anyone have any experience representing a buyer on a rural listing with an owned gas well on the property? LA agent says it is owned and seller doesn't sell any of the gas; it services the property only. Questions to ask? Due diligence? Special Clause? Is it a c...
10/04/2019
Water Damage ClauseQuestion:[Warranty Clause question] Purchaser's lawyer wants to change a warranty clause to the following: "The Seller represents and warrants that, to the best of the Seller's knowledge, the premises have not suffered any prior water damage. The Parties agree that this represe...
10/04/2019
Commercial Bond Yields CMB 5 Year - 1.61% CANHOU 12/15/24 [-0.03]   ‌ 10 Year - 1.73% CANHOU 09/15/29 [-0.01]   * denotes interpolated rate GoC 5 Year - 1.28% CAN 1.50 09/01/24 [-0.03]   ‌ 10 Year - 1.27% CAN 2.25 06/01/29 [-0.02]   ‌ 15 Year - 1.39%* CAN 12/01/34 [-0.02]   ‌ 20 Year - 1.45%* CA...
10/04/2019
 Tenant Slips – Insurance Implications in OntarioQuestion:Tenant slips and breaks the toilet by falling onto it. Water floods the place. She doesn’t know how to turn the water off. Whose insurance - ultimately who is responsible to fix the damage?Answer:It looks like the Tenant was negligent. If ...
09/25/2019
Commercial Bond Yields CMB 5 Year - 1.79%* CANHOU 12/15/24 [+0.03]   ‌ 10 Year - 1.86% CANHOU 09/15/29 [+0.02]   * denotes interpolated rate GoC 5 Year - 1.47% CAN 1.50 09/01/24 [+0.03]   ‌ 10 Year - 1.43% CAN 2.25 06/01/29 [+0.02]   ‌ 15 Year - 1.53%* CAN 12/01/34 [+0.01]   ‌ 20 Year - 1.58%* C...
09/20/2019
Commercial Bond Yields CMB 5 Year - 1.83%* CANHOU 12/15/24 [+0.11]   ‌ 10 Year - 1.93% CANHOU 09/15/29 [+0.14]   * denotes interpolated rate GoC 5 Year - 1.51% CAN 1.50 09/01/24 [+0.13]   ‌ 10 Year - 1.51% CAN 2.25 06/01/29 [+0.15]   ‌ 15 Year - 1.64%* CAN 12/01/34 [+0.14]   ‌ 20 Year - 1.71%* C...
09/13/2019
Terms                           Posted Rates              Preferred Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2 year                          3.74%                          2.69%3 year               ...
09/11/2019
What You See is What You Get in Real Estate Many people would think that what’s in an Agreement of Purchase and Sale would govern. Apparently, not! It’s what is visible and what a prospective purchaser would think was part of the property. In LeMesurier v. Andrus (1986) the Ontario Court of Appea...
09/10/2019
TERM POSTED Preferred RATES* 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% 2.64% Fixed 7 Year 5.80% 2.89% Fixed 10 Year 6.10% 2.94% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.19% Cost per ...
09/10/2019
Amending Agreements, Satisfying Conditions, Waiving ProvisionsThere are two methods to handle these matters:1)    Long form,2)    Short form.Long Form MethodLet’s assume that you have a Condition included in an Agreement which reads as follows:“Financing: This Offer is conditional upon the Buyer ...
09/10/2019
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Brian Madigan

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local_phone(416) 745-2300
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