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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 March 30, 2020 Terms                        Posted Rates                 Preferred Rates6 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
Wire Transfers work at this TimeThe traditional “bank draft” or “certified cheque” has been the mainstay of the real estate industry for deposits, and for lawyers completing closings.Right now, it’s problematic. Someone has to:         Physically, write it out         Physically, take it to the B...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Small Claims Court and Precedent Setting CasesSmall Claims Court decisions are not precedent setting. There is no lower Court upon which they would be binding. They have value from the perspective that someone else has looked at the same matter before. In effect, they are there for guidance.Above...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Toronto Real Estate Market Largely Unaffected by October 2008 Stock Market CrashYou might recall that there was a major stock market crash in October 2008. It wiped out Lehman Brothers, Goldman and Sachs and led to the bailouts of the auto industry, with Chrysler filing for bankruptcy on 30 April...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Commercial Bond Yields CMB 5 Year - 1.22% CANHOU 06/15/25 [-0.07]   ‌ 10 Year - 1.54% CANHOU 06/15/30 [-0.08]   * denotes interpolated rate GoC 5 Year - 0.66% CAN 1.25 03/01/25 [-0.07]   ‌ 10 Year - 0.74% CAN 2.25 06/01/29 [-0.08]   ‌ 15 Year - 1.06%* CAN 06/01/35 [-0.05]   ‌ 20 Year - 1.21%* CA...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Force Majeure Clauses in Real Estate Transactions   The question arising frequently in discussions is whether “force majeure” is triggered in real estate transactions because of COVID -19. If we are talking about Ontario, the answer would be “no”. There simply is no force majeure clause in the St...

By Fox Bloggers, Get to know the Ontario Real Estate Market
Comments 2
Many people love the ocean but most do not have the luxury of living right beside it. We don’t blame you if you’re missing the fresh salt air and the bright sunshine. But rest assured there are plenty of ways you can inject a coastal vibe in your home with a few interior design tricks.If you foll...

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 1
Commercial Bond Yields CMB 5 Year - 1.06%* CANHOU 06/15/25 [+0.14]   ‌ 10 Year - 1.37% CANHOU 06/15/30 [+0.19]   * denotes interpolated rate GoC 5 Year - 0.55% CAN 1.25 03/01/25 [+0.14]   ‌ 10 Year - 0.70% CAN 2.25 06/01/29 [+0.22]   ‌ 15 Year - 0.93%* CAN 06/01/35 [+0.22]   ‌ 20 Year - 1.08* CA...

By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
Comments 0
I am excited to announce that Berkshire Hathaway HomeServices' first Canadian office will be launching in Toronto. Starting March 18th, our brokerage Blue Elephant Realty will transition as Berkshire Hathaway HomeServices Toronto Realty. This change will bring exciting new benefits and services t...

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 March 2, 2020 Terms                           Posted Rates                 Preferred Rates6 months                       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
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...

By Fox Bloggers, Get to know the Ontario Real Estate Market
Comments 0
In their early days, many homeowners wanted to buy the biggest homes on the Wasaga Beach real estate market. Doing this gives homeowners ample room to raise a family. However, after living in a home for a number of years, a majority of homeowners need a change. Some people find that they need mor...

By Canada Web Solutions, Real Estate Search Engine Optimization-Marketing
(Canada Web Solutions)
Comments 0
Whether you are drawn to its gorgeous lakes and waterways or the lush vegetation of the many parks and trails or the hustle and bustle of Ottawa and Toronto, Canada’s Ontario province is simply a wonderful place to call home. While there was a slight lull in the Ontario real estate market, and re...

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

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 3
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...

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

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

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

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

By Sham Pathania
(SAVE MAX FIRST CHOICE REAL ESTATE INC.)
Comments 2
Montvert CondosComing soon to the Mount Pleasant area of Brampton.1 and 2 Bedrooms CondosRegistration on Feb 20, 2020 at 4 PMAt the edge of Brampton’s green belt, yet close to all the amenities of the city. This is condo living that breaks the bounds of the ordinary, connecting you to what matter...

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

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

By Brian Madigan, LL.B., Broker
(RE/MAX West Realty Inc., Brokerage (Toronto))
Comments 0
Derogatory Comments about LawyersQuestion:Is it a RECO violation for an Agent to make written derogatory comments against a client’s lawyer? Or is it just you can’t make derogatory comments against a fellow Agent?Answer:It’s not a violation under the Code of Ethics which simply deals with unprofe...

Ontario Real Estate Agents and Real Estate Professionals