Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
HIGH RATIO fixed term best discounted rates & posted rates as of March 2, 2020 Terms                           Posted Rates                 Preferred Rates6 months                       3.34%                          3.30%1 year                          3.59%                          3.19%2 year ...
03/08/2020
Commercial Bond Yields CMB 5 Year - 1.14%* CANHOU 06/15/25 [-0.11]   ‌ 10 Year - 1.36% CANHOU 06/15/30 [-0.07]   * denotes interpolated rate GoC 5 Year - 0.81% CAN 1.25 03/01/25 [-0.08]   ‌ 10 Year - 0.91% CAN 2.25 06/01/29 [-0.05]   ‌ 15 Year - 1.10%* CAN 06/01/35 [-0.04]   ‌ 20 Year - 1.22%* C...
03/08/2020
Toronto and GTA Markets in February 2020 This is the recently released report of the Toronto Real Estate Board concerning the February 2020 results:TORONTO, MARCH 4, 2020 –In line with the forecast contained in the Toronto Regional Real Estate Board’s recently released Market Year in Review and O...
03/05/2020
Don’t Fall for Commission Reduction StrategiesQuestion: I have a Listing and I just got a call from a Buyer agent who is presenting an offer and would like to reduce the commission substantially. We are aware we will be in multiple offer situation shortly and need to know if:A)  we have to disclo...
03/02/2020
Agency: What Takes Precedence the Code or Common Law in Ontario?Question:REBBA 2002 requires a written agreement but then Agency Law states that it is not necessary to have a written agreement. Which would take precedence? Answer:The Act does not actually refer to “agency”, only “representation”....
03/02/2020
Commercial Bond Yields CMB 5 Year - 1.51%* CANHOU 06/15/25 [+0.01]   ‌ 10 Year - 1.62%* CANHOU 06/15/30 [+0.02]   * denotes interpolated rate GoC 5 Year - 1.11% CAN 1.25 03/01/25 [-0.05]   ‌ 10 Year - 1.13% CAN 2.25 06/01/29 [-0.03]   ‌ 15 Year - 1.25%* CAN 06/01/35 [-0.02]   ‌ 20 Year - 1.31* C...
02/28/2020
The Failed Deposit (Not Paid) - RemediesWhat happens if the deposit is not paid?The Listing Agent inquired:"My clients have decided not to deliver the deposit cheque because the house is suddenly in an inconvenient part of town for them.". (Buyer’s  agent).There is a clause conditional upon Finan...
02/18/2020
 Solicitor’s Approval ClauseAt a recent Course on Writing clauses, we talked about setting up the Solicitor’s Review and Approval Clause as a Condition Subsequent rather than a Condition Precedent.This was not one of the 25 clauses under review.Here’s what a Condition Subsequent looks like for a ...
02/17/2020
Commercial Bond Yields CMB 5 Year - 1.68%* CANHOU 06/15/25 [-0.03]   ‌ 10 Year - 1.73%* CANHOU 06/15/30 [-0.04]   * denotes interpolated rate GoC 5 Year - 1.35% CAN 1.25 03/01/25 [-0.03]   ‌ 10 Year - 1.34% CAN 2.25 06/01/29 [-0.04]   ‌ 15 Year - 1.43%* CAN 06/01/35 [-0.05]   ‌ 20 Year - 1.46%* ...
02/07/2020
Toronto and GTA Markets in January 2020 This is the recently released report of the Toronto Real Estate Board concerning the January 2020 results:TORONTO, February 6, 2020 - TRREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s ML...
02/07/2020
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BrianMadigan

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