Commercial Indicators – 20 December 2024

Commercial Bond Yields CMB5 Year – 3.28%CANHOU 06/15/30[-0.03%]  10 Year – 3.72%*Est. CANHOU 03/15/35[-0.01%]  Floating Rate insured cost of funds4.26%[-]  Prime Rate5.45%[-]GoC2 Year – 3.00%CAN 09/01/27[-0.02%]  3 Year – 3.01%CAN 09/01/28[-0.05%]  5 Year – 3.04%CAN 09/01/29[-0.04%]  10 Year …

Threshold for Inspections

It would appear that there is an opportunity for an Inspection just before closing.The Buyer is entitled to see if there is any substantial damage which would entitle them to …

Be Careful Using Form 108

There is an opportunity under the new TRESA Legislation to share the contents of various competing offers if the Seller wishes to do so. Some Buyers may be opposed to …

Notices Patch

There are several choices to use something short and simple. Here’s the standard provision: “NOTICES: The Seller hereby appoints the Listing Brokerage as agent for the Seller for the purpose …

Communication Delegation

John Smith is a Buyer and he wants to buy Mary Jones’ house. He has an agent Bill Brown who works for ABC Brokerage. Mary also has an agent, Wilma …

Commercial Indicators – 13 December 2024

Commercial Bond Yields CMB5 Year – 3.18%CANHOU 06/15/30[+0.06%]10 Year – 3.59%*Est. CANHOU 03/15/35[+0.04%]  Floating Rate insured cost of funds4.26%[-]  Prime Rate5.45%[-] GoC2 Year – 2.93%CAN 09/01/27[+0.05%]  3 Year – 2.93%CAN 09/01/28[+0.05%]  5 Year – 2.95%CAN 09/01/29[+0.05%]  10 Year …

Agent’s Negligence: No Contract

We have recently been discussing Form 100 and the fact that it has not been updated to include Designated Representation since TRESA. That’s been the case for over a year, …

Want to Weasel out of a Deal?

The practice of real estate has changed. It used to be impossible to weasel out of real estate deal. In fact, the Bhasin v. Hrynew case on 14 November 2014 …