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2017
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TREB’s 2017 ForecastThe Toronto Real Estate Board just produced its 2017 Forecast. As follows:TREB RELEASES MARKET YEAR IN REVIEW & OUTLOOK REPORT 2017 AT ECONOMIC SUMMIT JANUARY 31, 2017The Toronto Real Estate Board will release its annual Market Year in Review & Outlook Report today at its Econ...
01/31/2017
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 3.04% 2.44% 2 YEARS 2.84% 2.14% 3 YEARS 3.44% 2.34% 4 YEARS 3.89% 2.59% 5 YEARS 4.64% 2.69% 7 YEARS 5.30% 3.19% 10 YEARS 6.10% 3.69% Rates are subject to change without notice. OAC E&OE Prime Rate 2.70% 5 yr variable 2.30%
01/31/2017
Septic System Liability Issues for Listing Agent (Ontario)Question: I listed home with a septic tank on a double lot with severance potential.The Buyer’s agent presents a firm offer and the home sells and closes.I begin to receive messages from the buying agent stating that there is no record of...
01/30/2017
Service Choices Alternatives and Avoiding ConflictsQuestion:You have a listing, and you are approached by lots of buyers to represent them as the buyer agent, and it’s potentially a multiple offer situation.Do you offer:1. Agency,2. Customer Service, or3. Refer it out to other agent in your broke...
01/30/2017
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When it comes to real estate, “BS” has a rather traditional meaning. It’s short for “boundary stone”. It was rather interesting, since you got your survey and deed all in one place. The boundary stone was set at the corner of a property with an inscription. The stone showed exactly where the p...
01/29/2017
Real Property Limitations – Survey CourseI will be hosting a three hour WORKSHOP, on Monday 30 January 2017.SURVEYS, BOUNDARIES and ADVERSE POSSESSIONSurveys, boundaries and adverse possession are very important when it comes to real estate. What is a survey? What does the Criminal law say about ...
01/29/2017
Judy was a little disappointed to find Harvest Gold appliances in the kitchen. She was absolutely sure that the appliances she bought with the house were stainless steel, state of the art, premium quality, 2 months old and worth about $12,000.00. Well, she just met her next door neighbour who ...
01/29/2017
Real Property Limitations – Chattels CourseI will be hosting a three hour WORKSHOP, on Monday 30 January 2017.CHATTELS and FIXTURESThe issues under review are Chattels and Fixtures and how to tell the difference. Stop writing cheques for $1,500.00, when you are not quite sure. You do remember all...
01/29/2017
Commercial bond yields CMB GoC Floating rateinsured cost of funds 5 Year - 1.69%*Canada housing 06/15/22 [-0.02] 5 Year - 1.16%CAN 0.75 09/01/21 [-0.01] 0.96% [-] 10 Year - 2.42*Canada housing 06/15/27 [-0.03] 10 Yea...
01/27/2017
Lawsuit for Seller’s Run Around (Commission is Owed)Question:I received a full price offer on one of my listings and my Clients, the Sellers turned it down. Then, they let the listing expire. I had some suspicions about them.Apparently, they sold to friends ...who were introduced to the property ...
01/26/2017
Rainmaker
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Brian Madigan
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