On November 25th people were not in line waiting for Santa Claus, people lined up for days and weeks for the new X2 project located at Jarvis and Charles St. … Continue Reading
This past weekends Caribana was not only an economic boost to the economy, but also a cultural one. With many ethnic communities taking part in the festivities. Toronto had its chance to shine in the spotlight despite the lingering smell of garbage that has since been removed.
It was an opportunity not only for the city to display its social acceptance of all cultures, but also visitors were allowed a chance to see how diverse and accepting this multicultural mammoth truly is.
An enticement for many visitors considering moving into the heart of the city.
Many visitors were warm and friendly and showing there gratitude for the hospitality eagerly offered them.
Toronto is still one of the safest cities in the world despite the occasional negative publicity.
Racism seldom places a part in any violent activities.
Hats Off Toronto You Did Us Proud.
The Real Estate market is HOT, and this can put both the Seller, Buyer and Realtor in a hot situation. The Seller is expecting top dollar for there home, buyers are trying to get a deal, and the Realtors are caught in the middle trying to make the transaction as smooth as possible!
Here are a couple tips to keep in mind when you get into a BIDDING WAR!!!
1.Sit back and decide what your bets offer is, ” the value is in the eyes of the buyer, whatever the buyer is willing to pay will pay, even if its $30,000 over asking if they want to buy that home they will put the number on paper!”. Offering the highest price will make your offer more attractive and is a sure way to get the Seller’s attention. In most cases Seller’s who receive multiple offers only seriously consider those at the top of the price heap.
2. Show the Seller that you are a serious Buyer. Offer a large down payment or deposit, this will show the Seller your motivation.
3.Get Pre-Approved by your mortgage professional. Going in with an offer without a need of a financing condition shows the Seller your are financially stable and can afford this transaction. And you may want to even include your pre approval letter with your offer, so the Seller can see you are approved.
4. Do not add unusual conditions to the offer, you don’t want to complicate things. By adding more useless conditions this can act against you when your up in a bidding war. Try to avoid conditions such as ie: “Conditional on the sale of your home” etc this can act as a loop hole and be a way for a Buyer to get out of the deal. However do not exclude the standard conditions such as for home inspection or financing conditions, unless you know the risks that can come along with it.
Its time to get that tool belt out! The Canadian Government is offering a great incentive for you handy home owners. Save up to $1350 on home improvements purchased before February 1st,2010.
This is a non refudnable tax credit based on eligable work done and materials purchased after Janauary 27th 2009 to February 1st,2010 this can be claimed towards your 2009 Tax Return.
When filing your tax return you do not have to submit all supporting documents however keep all contracts and receipts so the information is available if Revenue Canada Agency requests it.
Now there are some restrictions some improvements are not recognized and will not be able to claim such as: House cleaning, routine furnace repair,pool cleaning etc.
What is recignized is:
-Renovation to kitchen,bath, or basement
-Building an addition to your home such as a deck, or shed
-New windows, doors, or flooring
-New roof
-New paved drive way
- And all associated costs for permits,professional services, equipment rental fees etc.
So take advantage of the great weather this summer, and get some improvments done aorund the house.
Firstly “Title” describes the right of onwership, When you purchase a home the “Title” is transfered into your name you are the new home owner.
Title insurance is an insurance policy that protects you the home owner, against any challenges to the ownership of your home or from problems related to the title to your home. The policy covers losses due to title defects,also known as “cloud on title”. There are many differents types of defects they include: encroachments,unpaid leins, outstanding work orders etc.
The biggest story in the Toronto condo market over the past 6 months has been the disparity between supply and demand. Simply put, inventory (condos available for sale) is at an all time low, and demand is at an all time high. This has been a recipe for rapid price appreciation, frenzied buying, and sellers [...]
Starting July 1, 2010 Ontarians can expect to pay a harmonized sales tax (HST) rate of 13% on a long list
goods and services that were previously exempt from the 8% Provincial Sales Tax (PST). While the impact of the tax will be felt by all Ontarians, the province’s 3 million homeowners and the thousands who [...]
All owners should have and maintain a comprehensive condo insurance policy to cover damage to their personal possessions as well as to their upgrades and to cover any damage that they might incur to a suite below or adjacent to theirs as a result of an accident, negligence or, as stated in a condo’s declaration [...]