toronto: Mortgage Rates ~ 6 May 2013 - 05/06/13 06:45 AM
If you require a referral to a mortgage broker, then please call me at 416-745-2300
 
… (0 comments)

toronto: Mortgage Rates ~ 22 April 2013 - 04/22/13 06:49 AM
If you require a referral to a mortgage broker, then please call me at 416-745-2300
… (2 comments)

toronto: Mortgage Rates ~ 11 March 2013 - 03/11/13 07:24 AM
If you require a referral to a mortgage broker, then please call me at 416-745-2300
… (0 comments)

toronto: Protect Yourself from Home Renovation Scams - 02/28/13 12:30 PM

Home Renovation Scams                          
Ontario Real Estate Source                          
By Brian Madigan LL.B.
You should be aware that there are many companies in the home renovation business which are really nothing more than “scam artists”.
They take deposits for work, in fact, often large deposits, but they really never show up to do the work, or perhaps they will start, ask for a greater deposit and then leave.
There’s always some excuse as to why they can’t just come and finish the job.
Why do they exist?
Well, it seems that most people don’t really follow up with references. … (3 comments)

toronto: Mortgage Rates ~ 11 February 2013 - 02/11/13 07:22 AM
If you require a referral to a mortgage broker, then please call me at 416-745-2300
… (0 comments)

toronto: Beware of the January Thaw! - 01/18/13 07:04 AM
       
Ontario Real Estate Source                          
By Brian Madigan LL.B.
Potholes, the trademark of the January thaw are not your biggest problem.
This is the time when water is going to get into the basement.
There are a few factors that combine to increase the chances.
1)     the ground is frozen,
2)     the ground around the house is not frozen,
3)     snow, ice and rain are all present around the perimeter,
4)     water travels downhill,
5)     if water is blocked, it may pool and head toward the house.
Basements are not made to be impermeable to water. So, whether it’s … (2 comments)

toronto: Mortgage Rates ~ 7 January 2013 - 01/07/13 07:21 AM
If you require a referral to a mortgage broker, then please call me at 416-745-2300
 
… (0 comments)

toronto: Mortgage Rates ~ 17 December 2012 - 12/17/12 08:06 AM
… (0 comments)

toronto: Mortgage Rates ~ 10 December 2012 - 12/10/12 08:59 AM
If you require a referral to a mortgage broker, then please call me at 416-745-2300
… (0 comments)

toronto: Air Rights explained - 12/03/12 06:40 PM
   
 
Ontario Real Estate Source                          
By Brian Madigan LL.B.
There are "air rights" and then again there are "air rights", and of course they are two completely different things.So, let's deal with the two concepts:1) common law air rights, and2) zoning air rights.Common Law Air RightsActually, these are probably the types of rights that would easily come to mind. They involve your rights as a property owner to use, have, or restrict the use of the air that is above your property. It is easy to understand your property rights at surface level, but what happens when you … (5 comments)

toronto: Mortgage Rates ~ 27 November 2012 - 11/27/12 05:56 PM
If you require a referral to a mortgage broker, then please call me at 416-745-2300
… (0 comments)

toronto: Toronto’s Taxes ~ Too High or not High Enough? - 11/25/12 03:35 PM

Ontario Real Estate Source
By Brian Madigan LL.B.
Over the last few days, we have looked at the question of the Toronto Land Transfer Tax.
It is a tax which exists only in Toronto and not in any of the other cities in Ontario. In order to properly consider this tax, we also have to look at the property tax issue generally.
Toronto Property Taxes
Across the board, based on a value perspective, that is, a $500,000 property in Toronto compared to a $500,000 property outside of Toronto, there is a substantial differential.
The differential generally seems to be in the range … (2 comments)

toronto: Toronto Land Transfer Taxes - 11/21/12 06:12 PM

Ontario Real Estate Source
By Brian Madigan LL.B.
You are probably aware that Toronto has its own Land Transfer Tax. This is in addition to the regular Provincial Land Transfer tax which applies throughout the Province.
This new Toronto Land Transfer Tax was passed by Council on 22 October 2007 and took effect on 1 February 2008. The present Mayor, Rob Ford ran on a platform which included the elimination of this tax. Although he was elected based in part upon his opposition to this unpopular tax, it has not been rescinded. It would also appear that Rob Ford has … (2 comments)

toronto: Mortgage Rates ~ 20 November 2012 - 11/20/12 06:38 AM
if you require a referral to a mortgage broker, then please call me at 416-745-2300
… (4 comments)

toronto: 100 ~ 7 ~ 99 - 11/13/12 03:24 PM

The Combination for the Toronto Market     
Ontario Real Estate Source
By Brian Madigan LL.B.
You might think that this is a good set of numbers for the Quarterback in a football game, but what about the Quarterback in a real estate transaction?
This may be all the market information that you really need to know. This is the “key” source to the real estate cycle. This is the “combination” to unlock the cycle
We looked at the usual patterns of sales and prices in the Toronto and Greater Toronto real estate markets over the last 9 years.
We … (5 comments)

toronto: Mortgage Rates ~ 12 November 2012 - 11/12/12 06:45 AM
If you require a referral to a mortgage broker, then please call me at 416-745-2300
… (0 comments)

toronto: Measuring the Extent of the Fall Recovery - 11/11/12 06:11 PM

Ontario Real Estate Source
By Brian Madigan LL.B.
Each year the market recovers from the Summer doldrums in the Fall, peaking once again in either October or November. On two occasions, the Fall peak was the height of the market for the entire year.
If we discount the Summer doldrums, what percentage was the recovery. What percentage is the Fall peak of the Spring peak?
Let’s look back over the last few years and measure the actual extent of the recovery. This is the percentage of the Fall peak of the Spring peak:
2004…..99.60%
2005…..98.84%
2006…..97.20%
2007…..101.77%
2008…..92.45%
… (2 comments)

toronto: Fall Recovery and Confirmation of Pricing - 11/11/12 05:34 PM

Ontario Real Estate Source
By Brian Madigan LL.B.
We can put together a real estate calendar and get a fairly good idea of what is going to happen in the Toronto real estate market, world economic crises aside.
Each year the market peaks in the Spring. That’s usually the high water mark for the year. It drops down in the Summer, where it bottoms out in August and commences a recovery in September, peaking for a second time in the year, then it settles down again.
Let’s look back over the last few years an see what happened. Here are … (0 comments)

toronto: Measuring the Depth of the Summer Trough - 11/11/12 04:58 PM
 

Ontario Real Estate Source
By Brian Madigan LL.B.
Each year the market slides into the Summer doldrums. That’s the low water mark for the year. It’s fairly predictable and takes place “just like clockwork”.
Let’s look back over the last few years and measure the actual extent of the decline. This is the percentage decline from the height of the market in the Spring to the bottom of the market in the Summer:
2004…..6.45%
2005…..6.70%
2006…..7.79%
2007…..6.68%
2008…..8.48%
2009…..3.97%
2010…..7.97%
2011…..6.97%
2012…..7.54%
Actually, the dip each year falls within a range 3.97% to 8.48%. It is interesting to … (0 comments)

toronto: Summer Doldrums Occur Every Year - 11/11/12 03:49 PM

Ontario Real Estate Source
By Brian Madigan LL.B.
We can put together a real estate calendar and get a fairly good idea of what is going to happen in the Toronto real estate market, world economic crises aside.
Each year the market slides into the Summer doldrums. That’s the low water mark for the year.
Let’s look back over the last few years and see what happened. We are looking for the low point in prices each year. Here are the years, the lowest average prices of single family homes in the GTA in that year, and the month in … (2 comments)

 
Rainmaker_large

Brian Madigan LL.B.

Toronto, ON

More about me…

RE/MAX West Realty Inc., Brokerage (Toronto)

Address: Toronto, Mississauga, Oakville, Brampton, Caledon, Thornhill, Greater Toronto Area, http://www.iSourceRealEstate.com

Office Phone: (416) 745-2300

Email Me

Markets, Finance and Law related to real estate, estate planning and personal financial investment opportunities


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find ON real estate agents and Toronto real estate on ActiveRain.