Question: I have a Buyer submitting an Offer on a listing. We are in multiples as there are several other bids. Our offer and the irrevocable until 8:00 p.m. At …
Notices to the Seller via Agent/ Brokerage
Question: If you have to deliver a Document to the Seller, and you wish to do this by email to the agent, is this OK? Answer: In the Notices paragraph …
Mortgage Rates: 15 March 2024
Mortgage Rates: 15 March 2024 Term Posted Rate Preferred Rates 1yr (closed) 7.84% 6.59% 2yr (closed) 7.39% 5.94% 3yr (closed) 6.94% …
Commercial Indicators – 15 March 2024
Commercial Bond Yields CMB5 Year – 3.94%CANHOU 06/15/29[+0.10%] 10 Year – 4.02%CANHOU 03/15/34[+0.10%] * denotes interpolated rateGoC2 Year – 4.37%CAN 11/01/25[+0.07%] 3 Year – 3.99%CAN 09/01/26[+0.08%] 5 Year – 3.62%CAN …
Multiple Representation: When Do You Sign?
Previously, in the Confirmation of Cooperation and Representation (CCR) it was last minute after everything had already gone wrong. Now, we have two new documents, the full explanation and informed …
Multiple Representation: New Forms
Question: Forms 325 and 326. At what point are you getting these forms signed? Answer: Finally, we have some real appreciation of the conflicts that arise with Multiple Representation. Previously, …
Mississauga Prices Decline in February 2024
This seems interesting and rather unusual. The average price for a home in Mississauga was $996,259 in February 2024, according to the Toronto Regional Real Estate Board. That’s down 5 …
Termination Clauses for Listings
It might be wise to adopt a simple approach to terminations. Rather than adopt the risky OREA clauses, why not something simple and straightforward. Leave it out completely That’s about …
Ten Year Performance
Here are the annual returns if you owned property (single family home in the GTA) from the following dates: 28 February (or the 29th) until 29 February 2024 Year …
Toronto and GTA Markets in February 2024
GTA REALTORS® Release February 2024 Stats “TORONTO, ONTARIO, March 5, 2024 – Greater Toronto Area (GTA) home sales and new listings were up on an annual and monthly basis in February …