Question: A house that had 8 inch vinyl tiles and it was presumed to have contained Asbestos. Based on the time period, the house was built in the early 60’s. …
Cleaning the Unit before Sale
Question: Can anything be done if a Seller and their agent refuses to clean a unit before closing? Answer: Certainly, it would be very nice if the Seller cleaned up …
Water Seepage with Closing Approaching
Question: Seller calls and say that there is slight water seepage in their unit from another unit on upper floors just few weeks prior to closing. The damage “might” be …
Pursue Various Avenues for Financing
Question: Can a Mutual Release be sent before the deposit cheque is given in? Offer is conditional on mortgage financing. This is the day after acceptance and deposit cheque is …
Vendor Take Back Mortgages (Risks)
Question: I am a Listing agent and was I was asked about a Vendor –take-back mortgage (VTB) by a Buyer’s agent . Have t done one of those in eons. …
Family Estate Planning: Brother and Sister at Odds
Question: Daughter has a Power of Attorney (POA) over her mother. She just found out her brother has put himself on title with the mother on her house a few …
Commercial Indicators – 18 August 2023
Commercial Bond Yields CMB5 Year – 4.38%CANHOU 06/15/28[-0.03%] 10 Year – 4.23%CANHOU 06/15/33[-0.04%] * denotes interpolated rateGoC5 Year – 4.10%CAN 03/01/28[-0.03%] 10 Year – 3.75%CAN 06/01/33[-0.04%] 15 Year – 3.76%*Est. 12/01/38[-0.05%] 20 Year …
As is, where is”: The Supreme Court of Canada
The Supreme Court of Canada used the following language when discussing “as is, where is”. It applies at the time, unless you say otherwise. The Honourable Mr. Justice Dickson J. …
“As is, where is” Transactions
“As is, where is” is a term often used in real estate transactions. It signifies the condition in which a property is being sold, implying that the property is being …
“As Is” and “Where Is” Expansion
For those of you who are not quite sure what this means, here’s an expanded explanation in a commercial Offer: “Purchaser’s Acknowledgements 10 (a) “As Is” and “Where Is”: The …
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