Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Structuring the Commission Reduction (Ontario)Question:An agent I am working with is reducing her commission to make the deal work.The Confirmation of Cooperation and Representation (CCR)that outlines the full amount so does the listing agreement paid to the cooperating brokerage.She doesn't want...
08/28/2019
Inappropriate Use of “Representation” in OntarioQuestionWhat about a “Mere Posting Brokerage” providing “representation” to the Seller? According to the salesperson, they say that they do it all the time, as in 90% of the time. Apparently, they say that there’s no agency.Answer:If they use the ex...
08/28/2019
    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 ...
08/27/2019
Commercial Bond Yields CMB 5 Year - 1.66%* CANHOU 12/15/24 [+0.02]   ‌ 10 Year - 1.71% CANHOU 09/15/29 [+0.03]   * denotes interpolated rate GoC 5 Year - 1.33% CAN 1.50 09/01/24 [+0.02]   ‌ 10 Year - 1.29% CAN 2.25 06/01/29 [+0.03]   ‌ 15 Year - 1.43% CAN 12/01/34 [+0.03]   ‌ 20 Year - 1.52% CAN...
08/23/2019
Terms                           Posted Rates              Preferred Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2 year                          3.74%                          2.69%3 year               ...
08/22/2019
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 ...
08/21/2019
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...
08/20/2019
Changes to BRA (Ontario)Question:If a buyer has a buyer agency but the commission is crossed out and the holdover is crossed out then are they just liable until the end of the contract?Answer:Not quite sure what you mean by the commission being crossed out. If that is the entire clause, then, the...
08/20/2019
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%
08/20/2019
Tenant Fails to Leave (Ontario)Question:The Seller had a rather difficult Tenant and has sold the house, and has delivered the appropriate notices to the Tenant to terminate the tenancy. The Tenant has refused to cooperate and will not move out in time. What will happen on closing? Can the Seller...
08/15/2019
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BrianMadigan

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