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June 2, 2009 REAL ESTATE No Comments

 

 

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Many investor’s wonder if Real Estate is a good investment in these times of uncertainty.Some of you may recall back in the eighties one the largest Iconic Reatil Merchants in Canada since Champlain put his paddle in the water. The Company Timothy Eaton. Eatons was the store where only the well to do would shop, there was also Eatons rival Simpsons. All long gone taken over by The Hudsons Bay. We all thought that meant that a depression was about to step in.
Well we lived through it as we will live through Gm’s and Chrylers bankruptcy. Magna International is thinking of bringing in Opel which will add thousands of jobs to the economy.
Now what does always recover ? well Real Estate.
This past week numerous Realtors and investors joined together to almost completely sell out The Evolution Condo. Those of you who bought saw your investment increase drastically before your eyes. The wise investor who listened to there experienced Realtor walked out that night with a minimum of $15000 profit and its not over yet prices are expected to rise again this coming weekend. Call your mycondonetwork.com representative now and get in before they are all sold out. The market is coming back and Evolution in Etobicoke is witness to this fact.

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Inventory Relief

January 9, 2010

Inventory Relief

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 [...]

The HST Is Coming

January 9, 2010

The HST Is Coming

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 [...]

Condo Owners – Insurance

August 4, 2009

Condo Owners – Insurance

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 [...]