All About Ontario Real Estate

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.65%* CANHOU 12/15/27 [+0.03%]   ‌ 5 Year - 3.66% EST. CANHOU 06/15/28 [+0.03%]     ‌ 10 Year - 3.62%CANHOU 09/15/32 [+0.01%]     ‌ 10 Year - 3.67%EST. CANHOU 06/15/33 [+0.01%]   * denotes interpolated rate GoC 5 Year - 3.34% CAN 09/01/27 [+0.03%]   ‌ 10 Year - 3.10% CAN 06/01/32 [-0.01%]   ‌ 15 Year - 3.27%* Est. 12/01/36 [-]   ‌ 20 Year - 3.29%* Est. 12/01/41 [+0.01%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 3.64% [-]                   Prime Rate 5.95% [-]    
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 4.01%* CANHOU 12/15/27 [+0.14%]   ‌ 5 Year - 4.02% EST. CANHOU 06/15/28 [+0.14%]     ‌ 10 Year - 4.01%CANHOU 09/15/32 [+0.11%]     ‌ 10 Year - 4.06%EST. CANHOU 06/15/33 [+0.11%]   * denotes interpolated rate GoC 5 Year - 3.71% CAN 09/01/27 [+0.14%]   ‌ 10 Year - 3.51% CAN 06/01/32 [+0.11%]   ‌ 15 Year - 3.62%* Est. 12/01/36 [+0.10%]   ‌ 20 Year - 3.60%* Est. 12/01/41 [+0.09%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 3.24% [-]                   Prime Rate 5.95% [-]    
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.71%* CANHOU 12/15/27 [-0.01%]   ‌ 5 Year - 3.72% EST. CANHOU 06/15/28 [-0.01%]     ‌ 10 Year - 3.76%CANHOU 09/15/32 [+0.01%]     ‌ 10 Year - 3.81%EST. CANHOU 06/15/33 [+0.01%]   * denotes interpolated rate GoC 5 Year - 3.41% CAN 09/01/27 [-]   ‌ 10 Year - 3.28% CAN 06/01/32 [+0.01%]   ‌ 15 Year - 3.45%* Est. 12/01/36 [-0.03%]   ‌ 20 Year - 3.47%* Est. 12/01/41 [-0.03%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 3.24% [-]                   Prime Rate 5.95% [+0.50%]    
Comments 1
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 4.17%* CANHOU 12/15/27 [+0.12%]   ‌ 5 Year - 4.18% EST. CANHOU 06/15/28 [+0.12%]     ‌ 10 Year - 4.21%CANHOU 09/15/32 [+0.18%]     ‌ 10 Year - 4.26%EST. CANHOU 06/15/33 [+0.18%]   * denotes interpolated rate GoC 5 Year - 3.86% CAN 09/01/27 [+0.12%]   ‌ 10 Year - 3.73% CAN 06/01/32 [+0.17%]   ‌ 15 Year - 3.89%* Est. 12/01/36 [+0.21%]   ‌ 20 Year - 3.90%* Est. 12/01/41 [+0.22%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 3.24% [-]                   Prime Rate 5.45% [-]    
Comments 1
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.87%* CANHOU 12/15/27 [-0.13%]   ‌ 5 Year - 3.88% EST. CANHOU 06/15/28 [-0.13%]     ‌ 10 Year - 3.85%CANHOU 09/15/32 [-0.16%]     ‌ 10 Year - 3.90%EST. CANHOU 06/15/33 [-0.16%]   * denotes interpolated rate GoC 5 Year - 3.55% CAN 09/01/27 [-0.13%]   ‌ 10 Year - 3.36% CAN 06/01/32 [-0.16%]   ‌ 15 Year - 3.48%* Est. 12/01/36 [-0.11%]   ‌ 20 Year - 3.44%* Est. 12/01/41 [-0.11%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 3.24% [-]                   Prime Rate 5.45% [-]    
Comments 2
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.86%* CANHOU 12/15/27 [+0.07%]   ‌ 5 Year - 3.87% EST. CANHOU 06/15/28 [+0.07%]     ‌ 10 Year -3.86%CANHOU 09/15/32 [+0.09%]     ‌ 10 Year -3.91%EST. CANHOU 06/15/33 [+0.09%]   * denotes interpolated rate GoC 5 Year - 3.55% CAN 09/01/27 [+0.09%]   ‌ 10 Year - 3.37% CAN 06/01/32 [+0.08%]   ‌ 15 Year - 3.44%* Est. 12/01/36 [+0.04%]   ‌ 20 Year - 3.40%* Est. 12/01/41 [+0.03%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 3.24% [+0.58%]                   Prime Rate 5.45% [-]      
Comments 1
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.65%* EST. CANHOU 12/15/27 [-]   ‌ 5 Year - 3.66% CANHOU 06/15/28 [-]     ‌ 10 Year -3.64%CANHOU 09/15/32 [+0.04%]     ‌ 10 Year -3.69%CANHOU 06/15/33 [+0.04%]   * denotes interpolated rate GoC 5 Year - 3.33% CAN 03/01/27 [-0.01%]   ‌ 10 Year - 3.17% CAN 06/01/32 [+0.02%]   ‌ 15 Year - 3.27%* Est. 12/01/36 [+0.05%]   ‌ 20 Year - 3.23%* Est. 12/01/41 [+0.07%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 2.66% [-]                   Prime Rate 5.45% [-]    
Comments 2
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.62%* EST. CANHOU 12/15/27 [+0.05%]   ‌ 10 Year - 3.59% CANHOU 09/15/32 [+0.04%]     ‌ 10 Year -3.64%CANHOU 06/15/33 [+0.04%]     ‌       * denotes interpolated rate GoC 5 Year - 3.33% CAN 03/01/27 [+0.03%]   ‌ 10 Year - 3.12% CAN 06/01/32 [+0.03%]   ‌ 15 Year - 3.17%* Est. 12/01/36 [+0.04%]   ‌ 20 Year - 3.11%* Est. 12/01/41 [+0.03%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 2.66% [-]                   Prime Rate 5.45% [-]    
Comments 1
By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.71%* EST. CANHOU 12/15/27 [+0.04%]   ‌ 10 Year - 3.65% CANHOU 09/15/32 [+0.03%]   ‌ 10 Year -3.70%CANHOU 06/15/33 [+0.03%]   ‌       * denotes interpolated rate GoC 5 Year - 3.36% CAN 03/01/27 [+0.04%]   ‌ 10 Year - 3.17% CAN 06/01/32 [+0.03%]   ‌ 15 Year - 3.23%* Est. 12/01/36 [+0.02%]   ‌ 20 Year - 3.19%* Est. 12/01/41 [+0.02%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 2.66% [-]                   Prime Rate 5.45% [-]    
Comments 1
By Team Sapphire Mahesh and Rakhee Khatri, Your friends in real estate
( Sapphire Real Estate, Brokerage )
When you’re buying a home, you want to avoid any mistakes—particularly mistakes that could prevent you from successfully purchasing your dream home. And if anyone knows what mistakes you’ll want to avoid, it’s real estate agents.So, what are some of the most common mistakes buyers make when trying to find and purchase a home, according to agents?A recent article from realtor.com outlined the mistakes home buyers make during the home buying process that real estate agents consider the most common (and the most challenging!), including: Getting caught up in aesthetics. Many buyers see a dirty floor, outdated wallpaper, or an off-putting paint color and veto a property from their list because it doesn’t look the way they’d like it to. But aesthetic details can easily (and often, affordably...
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By Team Sapphire Mahesh and Rakhee Khatri, Your friends in real estate
( Sapphire Real Estate, Brokerage )
Fall is right around the corner. But just because temperatures are dropping doesn’t mean you have to stop enjoying your outdoor space! Fall is the perfect time to enjoy the outdoors, but the decor you had for summer might not feel like the right fit as you head into fall.So the question is: how can you update and refresh your outdoor space for fall, without breaking the bank?A recent article from realtor.com outlined this season’s affordable outdoor decor trends to help you transform your outdoor space and make it feel more seasonally appropriate, including: A vintage tablecloth. Is your outdoor table looking a little rough around the edges after a long summer in the sun? Hide any damage—and completely transform the look of your outdoor dining space—with a vintage tablecloth. If you rea...
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By Team Sapphire Mahesh and Rakhee Khatri, Your friends in real estate
( Sapphire Real Estate, Brokerage )
It’s highly possible that an experienced home inspector could fail to find something wrong with your house. So it isn’t out of the question that you might not know about something wrong with it. But considering you live there, unless it’s something truly lurking below the surface that only a trained eye could find, the chances are you know a thing or two that’s wrong with your house.And if you do, you should disclose the issue(s) to potential buyers. But, according to a recent REALTOR Magazine article, 94% of homeowners do not disclose known issues with their home, hoping buyers wouldn’t notice. Well, they do notice, because 90% of buyers surveyed reported finding issues with the home after closing, including: Electrical (88%) Fixtures (58%) Plumbing (58%) Exterior structures (like shed...
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By Team Sapphire Mahesh and Rakhee Khatri, Your friends in real estate
( Sapphire Real Estate, Brokerage )
If you’re thinking about selling your home, chances are, you’ll have to get an inspection when you sell. Understanding what the inspector will be looking for can be helpful; that way, you can evaluate the current state of your home, identify any problems, and think about fixing them before you list.But what, exactly, are inspectors looking for during a home inspection?A recent video from relator.com outlined some of the potential issues home inspectors are looking for during the inspection process, including: The foundation. One of the first things many inspectors will look for are potential issues with the home’s foundation. For example, can they see any visible cracks in the concrete? Are all the windows, walls, and doors straight—or are they off-kilter? The roof. The inspector will a...
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.64%* EST. CANHOU 12/15/27 [+0.04%]   ‌ 10 Year - 3.63% CANHOU 09/15/32 [+0.01%]   ‌ 10 Year -3.68%CANHOU 06/15/33 [+0.01%]   ‌       * denotes interpolated rate GoC 5 Year - 3.28% CAN 03/01/27 [+0.03%]   ‌ 10 Year - 3.15% CAN 06/01/32 [-]   ‌ 15 Year - 3.25%* Est. 12/01/36 [-]   ‌ 20 Year - 3.22%* Est. 12/01/41 [-] GOC Bonds are for reference purposes only Floating rate insured cost of funds 2.66% [-]                   Prime Rate 5.45% [+0.75%]    
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By Team Sapphire Mahesh and Rakhee Khatri, Your friends in real estate
( Sapphire Real Estate, Brokerage )
You’re purchasing a home! Congratulations, it’s an exciting time! But before you can officially close on your property, there are some tasks you’ll need to check off your to-do list.So what, exactly, are those tasks?A recent article from realtor.com outlined key tasks soon-to-be homeowners need to complete before they close on their home, including: Get all your contingencies squared away. Contingencies, like getting a home inspection or an appraisal, are contractual obligations that need to be completed before you officially close on your home. If your real estate purchase includes any contingencies, make sure to get them squared away well before your closing date. Get final approval on your mortgage. If you’re buying your home with a mortgage, you’ll need to go through the underwritin...
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By Team Sapphire Mahesh and Rakhee Khatri, Your friends in real estate
( Sapphire Real Estate, Brokerage )
Your credit score plays a major part in your ability to secure a mortgage—and to secure a competitive interest rate on your loan. So, before you buy a house, you’ll want to do everything you can to get your credit score as high as possible.So how, exactly, do you do that?A recent article from realtor.com outlined strategies potential buyers can use to boost their credit score before they purchase a home, including: Increase your credit limits. If you can’t pay off your credit card debt, one trick to boost your score is to ask your credit card company to increase your credit limit. Increasing your credit limit will improve your debt-to-credit ratio (how much you owe relative to how much credit you have available)—which plays a huge role in how lenders evaluate your creditworthiness for a...
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By June Piper-Brandon, Piecing Dreams One Home at a Time
(Coldwell Banker Residential Brokerage)
Not So Speechless SundayI recently returned to my home after almost 7 1/2 years.  One thing and another and then covid and travel restrictions and I finally had a few days and drove 13 hours to go home.  I have missed it, I didn't really realize how much until I got there.  There is a peace in my soul now that was missing and I have plans to return in June next year.  In case you are wondering, this is Lake Nipissing near Callander, Ontario.  Lake Nipissing is the largest freshwater lake in North America outside the Great Lakes.I can't wait to go back next June!!
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.66%* EST. CANHOU 12/15/27 [-0.05%]   ‌ 10 Year - 3.67% CANHOU 09/15/32 [-0.02%]   ‌ 10 Year -3.72%CANHOU 06/15/33 [-0.02%]   ‌       * denotes interpolated rate GoC 5 Year - 3.28% CAN 03/01/27 [-0.04%]   ‌ 10 Year - 3.17% CAN 06/01/32 [-0.01%]   ‌ 15 Year - 3.23%* Est. 12/01/36 [-]   ‌ 20 Year - 3.18%* Est. 12/01/41 [-0.01%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 2.07% [-]                   Prime Rate 4.70% [-]    
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By Team Sapphire Mahesh and Rakhee Khatri, Your friends in real estate
( Sapphire Real Estate, Brokerage )
Looking at houses to buy can be a ton of fun, but it can also get tiring and overwhelming if you don’t come prepared! But unless you do it for a living, you might not know what to bring with you when you’re house hunting.To make sure you spend more time enjoying your home search, and less time stressing, here are 10 things you should gather up when you head out to see houses:1) A watchOK fine, your phone will do. Just make sure you have a way to keep an eye on the time, and be on time! Not just because it’s courteous to your real estate agent (who likely has a busy schedule), but also for the homeowners who are probably leaving their house so you can view it without them breathing down your neck the whole time. Not to mention other buyers who may have an appointment to see the house aft...
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By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Commercial Bond Yields CMB 5 Year - 3.56%* EST. CANHOU 12/15/27 [-0.03%]   ‌ 10 Year - 3.54% CANHOU 09/15/32 [-0.07%]   ‌ 10 Year -3.59%CANHOU 06/15/33 [-0.02%]   ‌       * denotes interpolated rate GoC 5 Year - 3.21% CAN 03/01/27 [-0.02%]   ‌ 10 Year - 3.05% CAN 06/01/32 [-0.06%]   ‌ 15 Year - 3.13%* Est. 12/01/36 [-0.04%]   ‌ 20 Year - 3.11%* Est. 12/01/41 [-0.04%] GOC Bonds are for reference purposes only Floating rate insured cost of funds 2.07% [-]                   Prime Rate 4.70% [-]    
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Ontario Real Estate Agents and Real Estate Professionals