Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Toronto and GTA Markets in September 2019This is the recently released report of the Toronto Real Estate Board concerning the September 2019 results:GTA REALTORS® Release September 2019 Stats TORONTO, October 3, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater To...
10/17/2019
    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% 2.99% Fixed 10 Year 6.10% 3.04% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.19% Cost ...
10/17/2019
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% 2.64% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.19%
10/16/2019
Calculating the Equalization Payment in OntarioQuestion:After a few years marriage, John and Maria are divorcing. John brought in $20,000 and Maria brought in $50,000. The difference, $50,000-$20,000=$30,000 should be equalized during divorcing process and Maria gets $15,000 (30000/2). Is that co...
10/13/2019
Confirmation of Acceptance: Who Signs! (Ontario)Question:Who signs the Confirmation of Acceptance in the event of a counter offer by the seller that is accepted by the buyer? (the buyer or the seller)? For example, Buyer submits an offer; Seller counters with a higher price, Buy Accepts.Answer:Th...
10/13/2019
Relisting and Resale (Ontario)Question:Can an agent relist a property on MLS without a signed mutual release for a previous deal? We were one day late with the deposit.Answer:If you were late with your deposit, then the Buyer is in breach of contract. The Seller has the option to terminate the co...
10/12/2019
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% 2.99% Fixed 10 Year 6.10% 3.04% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.19% Cost per ...
10/12/2019
Commercial Bond Yields CMB 5 Year - 1.84% CANHOU 12/15/24 [+0.17]   ‌ 10 Year - 1.96% CANHOU 09/15/29 [+0.16]   * denotes interpolated rate GoC 5 Year - 1.54% CAN 1.50 09/01/24 [+0.19]   ‌ 10 Year - 1.54% CAN 2.25 06/01/29 [+0.18]   ‌ 15 Year - 1.64%* CAN 06/01/35 [+0.14]   ‌ 20 Year - 1.68%* CA...
10/12/2019
HIGH RATIO fixed term best discounted rates & posted rates as of October 5, 2019 Terms                           Posted Rates                 Preferred Rates6 months                       3.34%                          3.30%1 year                          3.59%                          2.69%2 yea...
10/05/2019
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% 2.64% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.19%
10/04/2019
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BrianMadigan

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