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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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.