Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)
RECENT BLOG POSTS
Deposit Must Be CreditedThis is an issue that arises from time to time. If you are already in the Court of Appeal, you might as well raise it, but on occasion a lower Court gets it wrong and you have to appeal in order to rectify the decision.This was the case in Azzarello v. Shawqi released 16 O...
11/04/2019
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% 2.69% Fixed 7 Year 5.80% 2.99% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.19%
11/04/2019
Heating & CoolingHeating and cooling your home accounts for about 60% of your energy costs.Warm to these cool tips to make a big impact on your energy bill.Tip:Install ceiling fans and use them to supplement or even as an alternative to air conditioning - ceiling fans generally use very little el...
11/03/2019
Disclosed Kitec Plumbing is not a Reason to Permit Buyer to WalkThe Divisional Court of Ontario just considered a Kitec Plumbing issue in a condominium. In fact, it was disclosed. It was also identified in the contract and subsequently it was subject to a credit in the Agreement of Purchase and S...
11/03/2019
Commercial Bond Yields CMB 5 Year - 1.75% CANHOU 12/15/24 [+0.02]   ‌ 10 Year - 1.86% CANHOU 06/15/30 [+0.03]   * denotes interpolated rate GoC 5 Year - 1.44% CAN 1.50 09/01/24 [+0.03]   ‌ 10 Year - 1.42% CAN 2.25 06/01/29 [+0.01]   ‌ 15 Year - 1.54%* CAN 06/01/35 [-]   ‌ 20 Year - 1.60%* CAN 06...
11/02/2019
 Carpet Stain Insufficient to Allow Buyer to Walk AwayIn a recent case, the Divisional Court of Ontario had to hear an appeal from a case where the Buyer claimed that she was not obligated to complete the transaction.The reason, apparently, was that the “carpet was stained”.In Ashrafi v. Carraro ...
11/02/2019
Material Facts Checklist in OntarioMany agents in simply believe that there isn’t one at all.That’s not true. It’s Form 820 entitled “Residential Information Checklist”.There are also some additional Schedules set out in Forms 821 to 826.This is very important. Certainly, if you go to Court and y...
11/02/2019
Material Latent Defect: Owner filled swimming pool: Didn't discloseQuestion:An owner purchased a house with swimming pool. He decided he doesn't want the pool. He hires a few guys to fill in the pool and covers it over with grass.Time comes to sell the property. He doesn't disclose it. Property i...
11/02/2019
HIGH RATIO fixed term best discounted rates & posted rates as of October 31, 2019 Terms                        Posted Rates                 Preferred Rates 6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2 year...
10/31/2019
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% 2.69% 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 ...
10/30/2019
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BrianMadigan

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