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October 2019 GTA Real Estate Market Stats. Interested in learning more about your specific neighbourhood? Send us a message or call us at 905-338-2121. If you’re planning to move to Oakville, know that the Town offers so much variety in recreation, shopping, and even schooling for both public an...

By Brad Miller
Comments 0
Olde Oakville dates as far back as the nineteenth century and is the oldest neighbourhood in Oakville, Ontario. Olde Oakville was founded when British immigrants began living around Lake Ontario and named their area as ‘Oakville Settlement’. The immigrants settled in the area because it offers pl...

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 November 12, 2019 Terms                           Posted Rates                 Our Rates6 mos                          3.34%                          3.30%1 year                          3.59%                          2.69%2 year   ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
BUYERS REP AGREEMENTS – Question:I showed at least 20 properties and made 3 offers on properties with a Client under a BRA.They purchased a property through another agent (listing agent) the week I was out of town. When I touched base with client upon returning from 1 week away they said their si...

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% 2.89% Fixed 3 Year 3.89% 2.74% Fixed 4 Year 3.94% 2.94% Fixed 5 Year 5.19% 2.74% Fixed 7 Year 5.80% 2.89% Fixed 10 Year 6.10% 3.04% Variable 2.90% Prime 3.95% Benchmark 5.19%

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
Toronto and GTA Markets in October 2019This is the recently released report of the Toronto Real Estate Board concerning the October 2019 results:GTA REALTORS® Release October 2019 Stats TORONTO, November 5, 2019 – Toronto Real Estate Board President Michael Collins announced that Greater Toronto ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 Adding another Buyer by Amendment in OntarioThis is the provision which you would add: INSERT:      By executing this Amendment John Smith agrees to be bound by the terms of the Agreement of Purchase and Sale dated 26 October 2019 together with Schedules A and B, which are attached as an Appendi...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Rate of Return on Real EstateWhat is the rate of return on real estate?Basically: 5% per annum!And, that’s measured over long periods of time. Sometimes, it’s less and sometimes it’s more, but over the long run it’s fairly close to 5%.There’s about 1,000 years of history to go with this. In 1066,...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Is it Appropriate for Two to Sign Confirmation of Acceptance?Question:1) is there an issue to have both sign ? 2) in this day and age of electronic signatures, must you route and order the signatures to only have 1... or is 2 acceptable? Answer:The COA is to be signed by the person who knows that...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.85% CANHOU 12/15/24 [-0.02]   ‌ 10 Year - 2.00% CANHOU 06/15/30 [-0.02]   * denotes interpolated rate GoC 5 Year - 1.56% CAN 1.50 09/01/24 [-0.02]   ‌ 10 Year - 1.58% CAN 2.25 06/01/29 [-0.02]   ‌ 15 Year - 1.70%* CAN 06/01/35 [-0.02]   ‌ 20 Year - 1.75%* CA...

By Sham Pathania
(Zolo Realty, Brokerage)
Comments 0
 ONE TWO THREE PORTLAND STVIP SALE STILL ON !!  Great Investment – The Fashion District has quickly become one of the most popular neighbourhoods in the city to call home. With a vibrant arts and cultural scene and many historical buildings now housing boutique shops and retail options, the area ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

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% 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%

By Victoria Carter, TwoMoveYou
(TwoMoveYou)
Comments 0
http://www.kizoa.com/Movie-Video-Slideshow-Maker/d224560465kP723186007o2l1/27-tipsAre you looking to sell your Durham Region home but don't know where to start?Are you having trouble sifting through all of the Realtors in Whitby, Ontario and area, who state that they are the BEST, but you aren't ...

By Victoria Carter, TwoMoveYou
(TwoMoveYou)
Comments 0
 27 Selling Tips From Durham Region Realtors, TwoMoveYou, Century 21 WhitbyAre you looking to sell your Durham Region home but don't know where to start?Are you having trouble sifting through all of the Realtors in Whitby, Ontario and area, who state that they are the BEST, but you aren't sure as...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 2
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...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
 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 ...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
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...

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