Mortgage Rates – 28 February 2025

Current Mortgage Rates: “A” Lending:Fixed        4.19%* for insured Fixed        4.64% for conventionalVariable   4.25% for insured Variable   4.65% for uninsured          “B” Lending: 1 year      5.04% to 5.34% …

Commercial Indicators – 28 February 2025

Commercial Bond Yields CMB5 Year – 2.91%CANHOU 06/15/30[-0.04%]  10 Year – 3.39%*Est. CANHOU 09/15/35[-0.03%]  Floating Rate insured cost of funds 3.82%[-]  Prime Rate5.20%[-] GoC2 Year – 2.61%CAN 09/01/27[-0.02%]  3 Year – 2.62%CAN 09/01/28[-0.05%]  5 Year – 2.67%CAN 09/01/29[-0.04%]  10 …

Icicles on the Roof

Insulation Upgrade If you have icicles on the roof, this basically means that you have either poor ventilation or poor insulation. The heat from the house is esaping. It’s melting …

Commercial Indicators – 21 February 2025

Commercial Bond Yields CMB5 Year – 3.13%CANHOU 06/15/30[+0.02%]  10 Year – 3.64%*Est. CANHOU 09/15/35[-0.01%]  Floating Rate insured cost of funds3.82%[-]  Prime Rate5.20%[-] GoC2 Year – 2.80%CAN 09/01/27[-0.01%]  3 Year – 2.84%CAN 09/01/28[-0.01%]  5 Year – 2.89%CAN 09/01/29[-0.01%]  10 Year …

Listing Agent’s Notice Obligations

Question: This is a statement in an MLS Listing: “Seller has Right To accept Pre-Emptive offers W/O Notice.” The w/o means “without” Doesn’t the Listing agent have to notify anybody …

Air Conditioner Winter Warranty

Question: Is there a successful clause/holdback arrangement regarding the Seller providing a warranty that the air conditioning unit will be in good working order in the summer? This is for …

The Problem Counting Days

Counting Days: Ontario Real Estate Question: If an agreement is accepted at 9:30 am, does the conditional period start that same day, or does it begin the following day? The …