The correct answer is “zero”. You have never, ever been licenced in Ontario to practice real estate. You may have a driver’s licence, a fishing licence or a hunting licence, …
Assignment Sales and Land Transfer Tax
How much LTT is payable on an assignment? In the Land Transfer Tax Act, the definition of value of consideration: Let assume that John purchases a condo from a Developer …
Fire Insurance: Where did the Money Go!
We looked at an example, the other day: Acquisition Purchase Price: $1,300,000.00 Mortgage: $800,000.00 Fire Insurance: $500,000.00 House Value $500,000.00 At the Time of the Fire with Co-insurance clause: included …
Why is that House Not Being Rebuilt?
There was a fire last May. The entire house was destroyed by fire. The Insurance Company paid to have the remainder leveled and the debris removed. That was 9 months …
Commercial Indicators – 16 February 2024
Commercial Bond Yields CMB5 Year – 4.09%CANHOU 06/15/29[+0.15%] 10 Year – 4.09%CANHOU 03/15/34[+0.13%] * denotes interpolated rateGoC2 Year – 4.51%CAN 11/01/25[+0.16%] 3 Year – 4.11%CAN 09/01/26[+0.14%] 5 Year – 3.78%CAN …
Representing Sellers in Estate Sales
Questions: Answers: The authority of the Executors comes from the Will, They can sign a Listing Agreement, the Agreement of Purchase and Sale, and related and ancillary documents. However, they …
Confirmation of Cooperation and the Missing Commission
Let’s assume that you have a Buyer Representation Agreement (BRA) in place which enables you to charge your client 2.5%. Then, you come across a property on MLS. It says …
Confirmation of Acceptance: Improperly Completed
COA incorrect It’s important to make sure that the Confirmation of Acceptance (COA) is properly completed. Here’s an interesting scenario. Bob the Buyer submits an Offer which is open until …
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