OREA FORM 127 ~ Acknowledgement

OREA FORM 127 is for “informed consent“ By Brian Madigan LL.B. There is a recent new Form which has been published by OREA, (the Ontario Real Estate Association). It is …

Roof Replacement Clause

Question: If the roof is in bad shape, and the Buyer lacks funds, but the Seller will agree to replacement what type of clause would work? Answer: You need to …

Course Programs

Depending upon the presentation arranged, these Courses run from 60 minutes to 180 minutes AEA Programs marked in bold Comment If you are interested, please contact me at [email protected]. The …

Criminal Interest Rate Reduction

Under Section 347 of Criminal Code, it is an offence to enter into an agreement or arrangement to receive interest, or actually receive interest, at an effective rate exceeding 60% annually. …

Commercial Indicators – 24 March 2023

Commercial Bond Yields CMB5 Year – 3.05%*EST. CANHOU 06/15/28[-0.11%]  ‌10 Year – 3.21%*EST. CANHOU 06/15/33[-0.07%]  * denotes interpolated rateGoC5 Year – 2.74%CAN 09/01/27[-0.14%]  ‌10 Year – 2.69%CAN 12/01/32[-0.08%]  ‌15 Year – 2.93%*Est. 12/01/38[-0.06%]  ‌20 Year …

TRESA Update: Short Delay

The new TRESA legislation will be delayed somewhat. It should come into force shortly. Phase 1 came into force and permitted registrants to use different words to describe themselves and …

How Do You Remove Conditions?

Question: The Buyer removed all conditions with a Notice of Fulfillment (NOF). There were four conditions , three were due on 23 March, and one was due 29 March. By …

Holding onto Two Houses

Question: If someone lived in their home for a number 25 years and then purchased a new property which they occupied as their principal residence, while renting out the first, …