What are other countries doing during the Financial Crisis? - 03/28/09 08:09 PM
First Home Buyers Grant Sparks housing Boom.THE housing industry is booming thanks to the First Home Owners Boost - and builders are having a hard time keeping up. The State Housing Minister, Jennifer Rankine, today joined other ministers in Adelaide to announce the latest statistics.By the end of last month, 3351 South Australians had taken up the First Home Owners Boost, which in October was raised to $14,000 for existing dwellings and $21,000 for new homes."It's a great problem to have," Ms Rankine said. "There's so much building under way that we're worrying if we have enough builders."Federal Housing Minister Tanya … (1 comments)

Falling Behind with Mortgage Payments? - 03/28/09 08:55 AM
CMHC Launches Campaign to Help Homeowners
Canada Mortgage and Housing Corporation (CMHC) launched a consumer outreach campaign to help borrowers understand the importance of working with lenders to find manageable solutions if they are facing financial difficulties in repaying their mortgage loans.
"CMHC has a long tradition of offering mortgage default management tools to lenders to help them assist homeowners whose financial circumstances have changed. We want to remind people that the best course of action is to speak to their lenders at the first sign of financial difficulty. With early intervention, cooperation and a well executed plan, you can work … (0 comments)

Home Energy Audit - Toronto Homes and Condos - 03/28/09 07:31 AM
If Ontario’s new Green Energy Act passes, Bill 150, You will be paying $300 for a home energy audit. This will be a tax only if you wait until you sell your home. The system will work in your favour if you do your audit now and make energy improvements. The home energy audit could be a good investment. Once your home energy audit is complete (up to 18 months), you will be on record and won’t need to pay for another audit when you eventually sell; probably years from now. The audit visit and blower-door test takes a few hours … (0 comments)

GST & PST Harmonized - That will help the real estate market in Toronto - 03/26/09 05:23 PM
Well, it seems to be official. The Ontario Government has decided to harmonize the Provincial and Federal Sales Taxes.  July 01st, 2010 the tax Kicks in.
Stephen  Dupuis, president of the Building Industry and Land Development Association, pointed out that buyers of new homes would be hit particularly hard if Ontario harmonized the PST with the federal GST. See previous Posting 
On a $350,000 new home, he wrote that the consumer would have to pay an additional $17,920. But it's not just buyers of new homes who would be affected by a merging of the two taxes. Buyers and sellers of resale homes … (3 comments)

Salt Water Pool Splash into Summer - Mississauga Real Estate - 03/25/09 08:53 PM
… (0 comments)

Mortgage Financing Bait and Switch - 03/24/09 08:14 AM
While hosting an open house, it is a standard question to ask prospects as they are viewing the home, "Are you under contract with an agent?"
One of the newest responses is that the "agent" is providing financing for a purchase a full percentage point lower than the lowest quoted rate I am aware of.
My first response was surprise.. That low?   How are they doing that?
Having been around for two decades I am familiar with interest rate buy downs that were very prevelant in the late 80's and early 90's. So I decided I needed to investigate.
 I … (0 comments)

Time to Finger Print Ontario Home Sellers? - 03/24/09 08:11 AM
Chicago Home sellers will need to be finger printed  
To help combat real estate fraud the city of Chicago is requiring starting June 1st that homesellers provide a fingerprint.With rampant fraud occurring in the city, this is not a bad idea. But being a libertarian, the idea of a government official taking my fingerprint disturbs me. I would like to see that these fingerprints be destroyed after a period of time.Fingerprinting is something we often associate with crime. So the fact that Cook County home sellers will soon have to provide a thumb print left some people shocked."I wouldn't like … (1 comments)

Finger Printing every seller Can we be far behind? - 03/15/09 08:43 PM
Chicago Home sellers will need to be finger printed  
To help combat real estate fraud the city of Chicago is requiring starting June 1st that homesellers provide a fingerprint.With rampant fraud occurring in the city, this is not a bad idea. But being a libertarian, the idea of a government official taking my fingerprint disturbs me. I would like to see that these fingerprints be destroyed after a period of time.Fingerprinting is something we often associate with crime. So the fact that Cook County home sellers will soon have to provide a thumb print left some people shocked."I wouldn't like … (0 comments)

Home Renovation Tax Credit Tango Kitchen's Renovations - 03/13/09 01:05 PM
The recently announced Home Renovation Tax Credit may be of interest to people considering the renovation or upgrade of their kitchen. The kitchen is not only the focal point for all your family gatherings but is the most identified feature about your property that buyers are looking at when considering your home as a purchase. I recently came across a business, Tango Kitchens, in Woodbridge that is using the Home Renovation Tax Credit to their advantage. They are offering to match the Tax Credit as a rebate to those who are hesitating to spend money to improve their homes. The Rebate … (1 comments)

Addictions to real estate porn Toronto - 03/11/09 07:06 PM
I must admit that even in my spare time I am looking for the ultimate voyeuristic thrill, almost hearing the voice of "Lifestyles of the Rich and Famous" and Robbin Leach.
Leslie Roberts recently ran a piece in the National Post about his visions of MLS.ca and endless hours of self indulgence.
Toronto's Tallest building is currently the highest construction of a North American residential condo complex. This 75 storey structure located at the corner of Yonge and Gerrard will comprise two separate condo corporations contained with a single vertical structure.
Property Details. The Addiction for me is the 11,000 square … (2 comments)

Listings to Sales ratios and whats happening in the News - 03/11/09 07:03 PM
While everyone is concerned about job losses and the declining number of sales a curious thing is happening.Greater Toronto REALTORS® Reported 4,120 Resale Housing Transactions in FebruaryMarch 05, 2009 -- Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year.That's not a very long banner.BUT the details are what is interesting;In the West section ( that I serve) Last year Feb 08, we had 7,359 listings with 2,358 sales. A ratio of approximately one in … (0 comments)

Market Observations Toronto Real Estate - 03/05/09 10:22 PM
While everyone is concerned about job losses and the declining number of sales a curious thing is happening.Greater Toronto REALTORS® Reported 4,120 Resale Housing Transactions in FebruaryMarch 05, 2009 -- Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year.That's not a very long banner.BUT the details are what is interesting;In the West section ( that I serve) Last year Feb 08, we had 7,359 listings with 2,358 sales. A ratio of approximately one in … (0 comments)

Pets in a Condo Who do you ask? - 03/05/09 10:19 PM
This topic is gaining a readership of its own.

Please feel free to add or share your stories to the comments section below. I would appreciate hearing from you.
Stan Gelman is a local lawyer for Etobicoke and Mississauga. Stan can be reached at 905 270 5110 or through his website http://WiseLawyer.ca sgelman.sglaw@rogers.com
… (3 comments)

More about Pets in Condos - What you need to Know - 03/04/09 04:28 AM
This topic is gaining a readership of its own.

Please feel free to add or share your stories to the comments section below. I would appreciate hearing from you.
Stan Gelman is a local lawyer for Etobicoke and Mississauga. Stan can be reached at 905 270 5110 or through his website http://WiseLawyer.ca sgelman.sglaw@rogers.com … (0 comments)

Flipping your Toronto Condo - Things to know - 03/04/09 04:23 AM
So many people have bought condos that are not yet built, and are trying to flip them by assuming they can merely assign the contract from the builder. Yes, there may be an assignment fee but there are other considerations.

Stan Gelman is a local lawyer for Etobicoke and Mississauga. Stan can be reached at 905 270 5110 or through his website http://WiseLawyer.ca sgelman.sglaw@rogers.com
I welcome your comments and questions.
… (0 comments)

Will you sell or rent that condo? Who do you tell? - 03/04/09 04:17 AM
Great! Now you have possession of that condo. You will be paying phantom rent (Mortgage) until the unit is registered, so you are considering placing a tenant into the property for a few years to pay it down. That seems easy enough, but there are some other practical and legal considerations. Stan Gelman is a local lawyer for Etobicoke and Mississauga. Stan can be reached at 905 270 5110 or through his website http://WiseLawyer.ca sgelman.sglaw@rogers.com Your comments and remarks are appreciated and respected. … (0 comments)

 
Img_1192 Rainmaker_large

David Pylyp

Toronto, ON

More about me…

RE/MAX Realty Specialists Inc.,

Office Phone: (905) 272-3434

Cell Phone: (647) 218-2414

Email Me

News, views, rants and commentary about Toronto west Real Estate issues and Local Community events from David Pylyp. Experience is not expensive... It is Priceless!


Listings

Links

Archives

RSS 2.0 Feed for this blog

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