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What will you say in 2015? - 03/29/12 11:05 AM
Could have? Should Have? Toronto real estate prices for detached properties show no sign of any price abatement. Will today's prices for a single family detached home be viewed as a bargain in the future? Can you ever time the market? Canada Mortgage and Housing issued some insightful graphs. http://www.scribd.com/doc/87231766/March-Outlook-2012 Have a look and consider the details and source of information. While condo's are becoming over abundant in the next few years they are holding an average of $425 to 495 per square foot in recently built product. However the detached sigle family homes in West Toronto continue to (0 comments)
Does HST Apply To A Seller Of A Condo Flip (Assignment)? - 03/29/12 06:35 AM
Inevitably, an offer to purchase an assignment property (often on an OREA form 140 or 141) by a buyer's sales representative will state that, if applicable, HST is included in the purchase price (as we typically see in any offer to buy resale residential properties). The sales representative who represents a seller of an assignment (and who is advising the seller) MUST be aware that according to the Canada Revenue Agency, there are sometimes situations where HST will, in fact, be applicable and payable by the assignor/seller who is assigning a contract to buy a newly constructed unit/residence. When applicable, HST will (0 comments)
How are Toronto condo Fees Calculated? - 03/26/12 06:23 AM
Q I do agree regarding the 20% of fee to be put into reserve fun, however, as a past condo owner, my question is where does the rest of money go? Our condo, new, started with $650.00 mon. fee and by third year was over $850.00, for 1100 sq. ft. No concierge full time, a party room you wouldn't want to place your pet in, small workout room topped with an obnoxious, bully of a pres. of the board. Boutique condos such as the one we owned are nice, but costly on the fees.
A Condo buildings are like a small business (0 comments)
Increase Reserve Fund Minimums to 20% Toronto Condos - 03/25/12 08:09 AM
Condo Boards try to keep maintenance fees the lowest possible to spend the least amount of money. Unfortunately although well meaning it is misguided when 8 - 12 or 15 years later money is required and the Reserve Fund is in adequate. This results in borrowing additional money for specific repairs (requires a vote by a majority of owners) or a Special Assessment. Lawyer Derrick Fulton, an expert in condo law, said one major problem area is the Act’s requirement on reserve funds; currently, 10% of common element fees must go into a reserve, but he believes that number should be (1 comments)
Hi I'm David Pylyp I am with RE/MAX. I have been in Toronto real estate business for 23 years, and in that time I have helped many families find their perfect home. My expertise is in the Toronto west, GTA that comprises Bloor West Village, Etobicoke and into Mississauga and Oakville communities. By utilizing innovating marketing techniques, impact strategies to have your home seen by the most people we will have the best offers for you. Together, you and I will create a custom (2 comments)
Interest Rates increase in 2012 Really? - 03/20/12 10:50 AM
We are expecting a significant mortgage rate increase in the next week. It is extremely important that you act on this now! Spreads on our bond yields which we use to set interest rates for all lenders are under water now.Today the largest courier company Ups purchased a large courier company in Denmark, to make it the largest company in North America When we see the logistics companies and courier companies grow as in in this example that is a tell tale sign that the economy is improving. http://www.businessweek.com/news/2012-03-18/ups-said-to-reach-deal-to-buy-tnt-express This is contrary to what the economist for CMHC indicated in late (2 comments)
Are you really online for Toronto real estate? - 03/14/12 07:39 AM
Here's a Note to Non-Techy Realtors Stop going out of your way to tell me how proud you are of not being online. I am not interested. I will not argue with you. Do not try to validate your decision to ignore the internet by asking me questions like "How many listings did you take last month from Facebook?" "How many deals did you get from the web?" My phone rings with prospect calls.
> Stop with the People Skills lecture. In my 20 years in real estate I stand by honesty and service to this day! When (3 comments)
New Bicycle BMX park at Lake Shore and Ellis - 03/10/12 10:56 AM
Toronto BMX bicycle Riders to Get New Parkette The Sales Office for Park Lake Residences is being returned to the City of Toronto; Parks and Recreation. Construction (demolition) will begin shortly to create a BMX bicycle park on the narrow strip of land that is adjacent to the Gardiner Expressway and parallel with Lake Shore Blvd West at Ellis Avenue. BMX riders who have built ramps and jumps at High Park at the south duck pond have created concerns about environmental damage and has resulted in complaints at City Hall. Until last year, there had been jumps and ramps inside High (3 comments)
Toronto Condo Fees - 03/09/12 05:46 PM
Hopefully in the first year of your living in a new condominium your budget will have an increase that is modest and not the reality that a 15 or 25% increase because the Reserve Fund has not been adequately proposed because the builders market them at the minimum 10% requirement. You will need to have the Board of Directors to meet and present this to you, possibly in a town hall meeting, prior to the introduction of the first years maintenance fee increase. Many buildings that do not increase the fees or are self managed chose not to increase the fees, (3 comments)
Your First Year of Condo Life - 03/09/12 03:35 PM
Lets Chronicle your First Year of Condo Ownership - Now you really have questions. You made a selection a few years back that you thought would suit your lifestyle and moving into the future. You made a wise selection based on where you would be working near transit and community hubs. The Builder /Developer has served notice that a Turn over Meeting will be held in a Hotel and or Meeting Room (unless your Rec Center is indeed able to hold all the residents) and hopefully the majority of residents will attend. An invitation was made by the Management Company (2 comments)
Listing YOUR House on a FSBO Website - 03/07/12 08:05 AM
When you list your house for sale with a Real Estate Brokerage; we are paid upon the successful completion of the transaction for bringing an offer (buyer) that was acceptable to you. I pay for the Print Material I pay for the Video Tours I pay for the Signs and Lock box
"listing" a house with a REALTOR entails a contract and Agency and disclosure. Measuring and Verifying data. POSTing an ad on a website and Print magazine is not a listing. Why do people keep saying that FSBO's are listed? When you pay up front for advertising your (2 comments)
When the interest rates are so good there is always a catch - 03/06/12 07:27 PM
Improved Penalty Disclosures On The Way Two years ago to the day, the Finance Department promised to “bring greater clarity to the calculation of mortgage pre-payment penalties.” Later this year, that promise will become realized. The government has just announced a brand new mortgage “code” that requires federal financial institutions to: “…provide more information on how prepayment charges are calculated.” “…explain the differences between mortgage products, including ways to pay off a mortgage faster without incurring penalties.” These improved disclosures have been eagerly anticipated by consumer groups, who charge banks with: Obscuring penalty descriptions with legalese and vagueness Failing to provide understandable formulas for calculating (4 comments)
Video and Syndication is best for Oakville Real Estate - 03/02/12 07:13 PM
The Internet is changing how we present ourselves in the real estate business. We now need to connect with clients online, create relationships and then fill their housing needs. What we now profile is community. Where are the local hotspots, How is the Corner Cuisine? I have concentrated my efforts on the better detached homes in superior neighbourhoods that comprise the West Toronto GTA thru Mississauga and into Oakville. My marketing efforts online have attracted prospective Buyers, not only from the local markets but also from outside Canada entirely. Why exclude yourself from the largest pool of buyers in Ontario? When (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.