Prime Interest Rate Forecasts from the 6 Major Banks. Here are the latest rate forecasts from the Banks. On average, the Banks expect the overnight rate to increase to 1.25% by …
Commercial Indicators 7 January 2022
Commercial Bond Yields CMB5 Year – 1.90%CANHOU 06/15/27[+0.06] 10 Year – 2.22%CANHOU 12/15/31[+0.05] 10 Year – 2.28%*Est. CANHOU 09/15/32[+0.05] * denotes interpolated rateGoC5 Year – 1.53%CAN 09/01/26[+0.06] 10 Year – 1.73%CAN …
Words “I have authority…” What if they are Missing? (Ontario)
Question: If someone signs for a Corporation, they will usually add: “I have authority to bind the corporation”. What happens if they miss that? What if they refuse to add …
Silence on TMI (Taxes Maintenance and Insurance) Commercial Lease
Question: Does a Landlord have to give advance written notice to a Tenant of an increase to TMI? (ie. 60 days written notice?) Answer: Usually, you would find something in …
Legal Grow House Disclosure (Ontario)
Question As a Listing Agent, the house and owner were granted a Commercial Marihuana Grow Op license for 100 plants. When owner moves, license does not stay with the property. …
Capital Gain on Townhouse
A young man owns a property 50/50 with a friend until he meets his girlfriend and wants to settle down. Facts: 1- young man A, has a townhouse with his …
Tenant’s Lawyer Conditions
Sometimes, it’s necessary for the Tenant’s lawyer to approve the Agreement to Lease and/or the Lease itself. Here are two clauses to consider: Business Terms This Offer is conditional upon …
You cannot Evict Tenants from an Illegal Rooming House
Question: Here are the basic facts: a multi-family property, consisting of 12 units, with 4 of those units being operated by the current owner as “rooming house”, is being rented …
Restaurants and the Three Mice Theory
You might wonder what this is about. If the second mouse gets the cheese, what’s left for the third mouse? Actually, the money! So, here’s the basic theory. The restaurant …
Collecting the Shortfall from the Borrowers
Business Financing: Recovering the Balance from the Restaurant Operators You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to …