Commercial Bond Yields CMB 5 Year – 3.54%*EST.CANHOU 06/15/28[+0.13%]10 Year – 3.68%*EST.CANHOU 06/15/33[+0.11%]*denotes interpolated rateGoC5 Year – 3.23%CAN 09/01/27[+0.14%] 10 Year – 3.16%CAN 06/01/32[+0.12%] 15 Year – 3.26%*Est. 12/01/36[+0.08%] 20 …
Deposit: Automatic Forfeiture Clause in Schedule “B”
Question: I am acting for a Buyer and saw the below clause in Schedule B. “The Buyer hereby agrees that if the Buyer does not complete this transaction whether by …
Are Prices Going Up or Down: Answer YES!
Everyone wants to know what’s happening in the market. Are prices going up or down? The answer is “yes”. Supply Shortage The prices are actually going up due to the …
SOLUTION to Conflict between the Code and Fiduciary Duties
As previously discussed, we are going to have a conflict effective 1 April 2023 when the new TRESA Regulations come into effect. This is the new provision: “Disclosure of facts …
IMPACT of Conflict between the Code and Fiduciary Duties
As previously discussed, we are going to have a conflict effective 1 April 2023 when the new TRESA Regulations come into effect. This is the new provision: “Disclosure of facts …
Conflict between the Code and Fiduciary Duties at Common Law
Under existing legislation, all the obligations of an agent under the Code of Ethics and under the common law were consistent. The Code reflected the common law. Now, we are …
Consequences of the Breach of Fiduciary Duties at Common Law
The Ontario Court of Appeal considered these issues almost 30 years ago. In Raso v. Dionigi, 1993 CanLII 8664 (ON CA), The Court dealt with matter of an Agent “double …
Bank of Canada Increases Overnight Rate by Half of One Percent
On 7 December 2022, the Bank of Canada raises interest rates again in order to combat inflation. Will this be enough? Next time will be 26 January 2023. Remember, that …
Toronto and GTA Markets in November 2022
GTA REALTORS® Release November Stats TORONTO, ONTARIO, December 6, 2022 – Homeownership market activity in November continued to be influenced by the impact of higher borrowing costs on affordability. Sales were …
Information Guide under TRESA
An important new step with the TRESA legislation is the preparation of a new Information Guide for Consumers, which will explain the Act, RECO, the role of the real estate …