Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
  Right to Withdraw Offer if Multiples Multiple Offers in the current real estate market are extremely common. Not every Buyer wants to participate. What it really means is that in order for your Offer to be selected you likely had to have a firm Offer. That meant “no conditions”. So, financing a...
12/16/2020
Avoid Having the Seller become a Tenant by AccidentThis is a potential problem which arises frequently. The Seller needs a little longer to stay in the house before they can move on. The Buyer wants to close but, actually, they don’t need to move in right away. They may be planning extensive reno...
12/15/2020
Vacancy on the “Day” of Closing Vacancy on the “Day” of Closing The Buyer says at 3:00 pm to the Seller: “you have to be out, this deal closed at 2:00 pm”. The Seller replies: “I know that, but I still have until 6:00 pm”. There are two arguments here which involve the interpretation of the words...
12/14/2020
Toronto and GTA Markets in October 2020 This is the recently released report of the Toronto Regional Real Estate Board concerning the October 2020 results:”November 4, 2020 – Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. Our Members made ...
11/05/2020
HIGH RATIO fixed term best discounted rates & posted rates as of October 26, 2020 Terms                           Posted Rates                 Preferred Rates6 mos                          3.09%                          2.99%1 year                          3.14%                          1.89%2 ye...
10/26/2020
Commercial Bond Yields CMB 5 Year - 0.68% CANHOU 12/15/25 [+0.02]   ‌ 10 Year - 1.10%* CANHOU 03/15/31 [+0.03]   * denotes interpolated rate GoC 5 Year - 0.40% CAN 0.50 09/01/25 [+0.03]   ‌ 10 Year - 0.66% CAN 1.25 06/01/30 [+0.04]   ‌ 15 Year - 0.90%* CAN 12/01/35 [+0.05]   ‌ 20 Year - 1.07%* C...
10/24/2020
Commercial Bond Yields CMB 5 Year - 0.61% CANHOU 12/15/25 [-0.01]   ‌ 10 Year - 1.02%* CANHOU 03/15/31 [-]   * denotes interpolated rate GoC 5 Year - 0.37% CAN 0.50 09/01/25 [-0.01]   ‌ 10 Year - 0.61% CAN 1.25 06/01/30 [-]   ‌ 15 Year - 0.86%* CAN 12/01/35 [+0.01]   ‌ 20 Year - 1.04%* CAN 12/01...
10/12/2020
 Toronto and GTA Markets in September 2020 This is the recently released report of the Toronto Real Estate Board concerning the September 2020 results:“October 6, 2020 – Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater To...
10/07/2020
Term Posted Rate Preferred Rate 1yr (closed) 3.14 % 1.84 % 2yr (closed) 3.19 % 1.84 % 3yr (closed) 3.49 % 1.84 % 4yr (closed) 3.74 % 1.84 % 5yr (closed) 4.59 % 1.89 % 7yr (closed) 5.35 % 2.34 % 10yr (closed) 5.6 % 2.89 %
09/22/2020
Toronto and GTA Markets in July 2020 This is the recently released report of the Toronto Real Estate Board concerning the July 2020 results:“AUGUST 6, 2020 – Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s...
08/13/2020
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BrianMadigan

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Markets, Finance and Law related to real estate, estate planning and personal financial investment opportunities