Question: Do you treat Easter Monday as a business day or no? Answer: It’s a limited day to some. That means some government offices are closed. Is it a business …
Selling a Restaurant: Ensure the Seller has a Lawyer
I’m the listing agent for a restaurant business sale. The Seller secured the lease and fully renovated the unit using his personal savings without any mortgage financing several decades ago. …
Tariffs and Market Direction
Question: With the potential for increased Tariffs, what direction is the market going? Answer: The 2008 – 2009 stock market crash reduced the stock market in half. However, over the …
Seller’s Escape Clause: When to Give Notice
Eric wants to sell his house, and Bob wants to buy it, so he puts in an Offer conditional on the sale of his own house. Escape Clause Eric adds …
Proposed Changes to Small Claims Court
There is a new Amendment to O. Reg. 258/98 under the Courts of Justice Act (Rules of the Small Claims Court) effective on June 1, 2025, Primary Objective The primary …
Commission for Agent: Divorcing Couple
Commission when Divorce Listing Terminated Question What happens with divorce sale which is terminated in the early stages? For example, you list a home, half-way through the listing, one spouse …
Seller wants New Agent
Suspended Listing Question: The Owner has suspended his listing with Agent A and no longer wishes to work with him. He is now interested in working with Agent B. However, …
Agent: Acting for a Buyer
Question: RECO said that if you hold a personal interest, related to your seller or hold any interest in a corporation, you cannot represent a buyer if you are listing …
Commercial Indicators – 11 April 2025
Commercial Bond Yields CMB5 Year – 3.05%CANHOU 06/15/30[+0.07%] 10 Year – 3.67%*Est. CANHOU 09/15/35[+0.07%] Floating Rate insured cost of funds3.40%[-] Prime Rate4.95%[-] GoC2 Year – 2.68%CAN 03/01/28[+0.05%] 3 Year – 2.77%CAN 03/01/29[+0.05%] 5 Year – 2.84%CAN 03/01/30[+0.07%] 10 …
Commercial Indicators – 4 April 2025
Commercial Bond Yields CMB5 Year – 2.66%CANHOU 06/15/30[-0.04%] 10 Year – 3.27%*Est. CANHOU 09/15/35[-0.03%] Floating Rate insured cost of funds 3.40%[-] Prime Rate4.95%[-] GoC2 Year – 2.33%CAN 03/01/28[-0.09%] 3 Year – 2.39%CAN 03/01/29[-0.06%] 5 Year – 2.45%CAN …