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, …

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 …

Termination Provisions: TRESA

The new TRESA legislation deals with requirements of agreements. Regulation 567/05 includes the following: Contents of written agreements 13.4 (1) A brokerage shall not enter into a written agreement with a …