Real Estate News from Popular Ontario Cities

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Real Estate News from Popular Ontario Counties

By Brad Miller
Comments 1
May 2019 GTA Real Estate Market Stats are in. Interested in learning more about your specific neighbourhood? Send us a message or call us at 905-338-2121.Are you looking to buy or sell in Oakville or the surrounding areas? We'd love to hear from you. Contact The Goodale Miller Team today or view ...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
David Franklin, a real estate lawyer from Toronto believes that Ontario investors have lost more than $1B of their investment money in syndicated mortgages. A CBC news report recently shared that 120 Chinese investors in the GTA stand to lose about $9M in investments like these and David Franklin...

By Danny Papadopoulos, Offering Private & Second Mortgages in Toronto
(Homebase Mortgages)
Comments 0
Living on a fixed income can be very difficult for a lot of Canadians, more so for retirees or those nearing retirement. Financial stress is no joke when you consider rising prices of basic needs, possible health issues with expensive treatments, and other unexpected expenses that may come up. It...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Furnace Liens in OntarioQuestion:Would a XYZ furnace rental contract appear on the parcel register?Answer:The furnace on the truck on the driveway is a chattel. Once it's taken downstairs and installed, it's a fixture. XYZ Company loses all its rights with respect to the furnace, excepting: 1) a ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Non- Disclosure of the MurderA recent decision of the BC Court of Appeal confirmed that a Seller did not have to volunteer the fact that a murder had taken place.. There’s actually nothing new. The trial decision was out of step with other cases, so now they are all aligned. There are separate a...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Registration of Agreement of Purchase and Sale (Ontario)Question:The Sellers have refused to cooperate and move out as scheduled. Is it possible to register the Agreement of Purchase and Sale on title to prevent them from selling to anyone else?Answer:Unfortunately, the Buyers cannot register the...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Anti- Merger Clause When the deal is over, it’s finished. The contract has come to an end. It’s been completed and fulfilled.The “doctrine of merger” which is a legal concept applies, and prevents going back and checking on the old contract to see what’s still outstanding or what could have been ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.14% Fixed 3 Year 3.89% 2.89% Fixed 4 Year 3.94% 3.07% Fixed 5 Year 5.34% 2.89% Fixed 7 Year 5.80% 3.14% Fixed 10 Year 6.10% 3.19% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Term Posted Rate Preferred  Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.14% Fixed 3 Year 3.89% 2.89% Fixed 4 Year 3.94% 3.07% Fixed 5 Year 5.34% 2.89% Fixed 7 Year 5.80% 3.14% Fixed 10 Year 6.10% 3.19% Variable 2.90% Prime 3.95% Benchmark 5.34%

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Toronto and GTA Markets in May 2019 This is the recently released report of the Toronto Real Estate Board concerning the May 2019 results:           GTA REALTORS® Release May 2019 Stats TORONTO, ONTARIO, June 5, 2019 – Toronto Real Estate Board President Garry Bhaura announced that Greater Toront...

By feeDuck - Low Commission Real Estate Agents, Serving Toronto and Vancouver
(feeDuck)
Comments 0
Not all neighbourhoods are created equal when you’re looking to buy a property for investment purposes. The last thing you want is a neighbourhood that offers no property appreciation no matter how cute the neighbourhood is and friendly the neighbours are.Buying Real Estate in TorontoPutting asid...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.79%* CANHOU 12/15/24 [+0.09]   ‌ 10 Year - 1.96% CANHOU 09/15/29 [+0.08]   * denotes interpolated rate GoC 5 Year - 1.39% CAN 2.25 03/01/24 [+0.10]   ‌ 10 Year - 1.50% CAN 2.0 06/01/28 [+0.10] GOC Bonds are for reference purposes only Floating rate insured c...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
HIGH RATIO fixed term best discounted rates & posted rates as of June 11, 2019 Terms                           Posted Rates                Preferred Rates 6 mos                          3.34%                          3.30%1 year                          3.59%                          3.19%2 year ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
The Mitigation TimelineThe Superior Court of Ontario recently released a decision dealing with the facts in a case where a Buyer defaulted on the purchase of a property, and the Seller resold at a loss.In Friese v. Arfa (30 May 2019), Justice Ditomaso examined the sequence of events.The Buyer sub...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.70%* CANHOU 12/15/24 [-0.01]   ‌ 10 Year - 1.88% CANHOU 09/15/29 [-0.01]   * denotes interpolated rate GoC 5 Year - 1.29% CAN 2.25 03/01/24 [-0.01]   ‌ 10 Year - 1.40% CAN 2.0 06/01/28 [-0.01] GOC Bonds are for reference purposes only Floating rate insured c...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commission Reduction RequestsQuestion:Have you ever specified commission amounts in a listing agreement to account for a scenario where a buyer is represented by a lawyer, not a co-operating brokerage? In this scenario, is the lawyer entitled to the co-op commission amount specified in the listin...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Spousal Consent in OntarioQuestion:Is there a hard and fast rule for ‘spousal consent must have’ for common law couples?Answer:Spousal Consent under the Family Law Act for matrimonial homes only deals with possessory rights and has nothing to do with the division of assets.There are a few points ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
HIGH RATIO fixed term best discounted rates & posted rates as of June 4, 2019 Terms                           Posted Rates                 Our Rates 6 mos                          3.34%                          3.30%1 year                          3.59%                          3.19%2 year       ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Confirmation of Acceptance is Not Part of The Agreement (Ontario)Question: If an offer goes back and forth a copy of times and in the final sign back there are changes in price and chattels, what happens to the COA and initials?For example, the Seller agrees to all and signs the Confirmation of A...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
TERM POSTED Preferred RATES* Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.14% Fixed 3 Year 3.89% 2.92% Fixed 4 Year 3.94% 3.14% Fixed 5 Year 5.34% 2.97% Fixed 7 Year 5.80% 3.49% Fixed 10 Year 6.10% 3.34% Variable Rate 2.90% Prime Rate 3.95% Benchmark Rate 5.34% Cost per ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Reasons For Buyers to Deal Directly with the Listing Agent They aren’t all crazy! The conventional wisdom is that the buyer needs to be properly protected in a real estate deal and have their own agent on their side. Anything else is risky. Then, we have the comparisons to lawyers etc.However, th...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Landlords Meeting Tenants (Ontario)Question:Does it Make Sense to have the Landlord meet actual Tenants?Answer:I think it makes good sense. It's just like getting married before a blind date. It’s one thing to agree to the date, but another thing entirely, to agree to get married. It's much easie...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Time Lines for dates on the Agreement of Purchase and Sale (Ontario) Question: What are the legal time lines for the following:      Offer date to irrevocable date, to title search date to completion date What should be the minimum or maximum time between these dates? Answer: The irrevocable date...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Term Posted Rate Preferred  Rate Open 1 Year 6.30% 6.30% Fixed 1 Year 3.59% 3.19% Fixed 2 Year 3.74% 3.14% Fixed 3 Year 3.89% 2.92% Fixed 4 Year 3.94% 3.14% Fixed 5 Year 5.34% 2.97% Fixed 7 Year 5.80% 3.49% Fixed 10 Year 6.10% 3.34% Variable 2.90% Prime 3.95% Benchmark 5.34% Rates may vary provi...

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