condos: Can you demonstrate Out of the Box thinking? - 05/14/12 01:59 PM
How will you demonstrate your value proposition?
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condos: Toronto Home Sales off to a strong start in 2012 - 01/17/12 08:16 PM
We are starting a New Year with Resolutions and Optimism! And an price increase of 8.5% averaged over last year.
The first real estate post that I notice is that "the eventual increase in interest rates will lead to a decline in home prices (probably in the magnitude of 10% - 15%)" http://research.cibcwm.com/economic_public/download/if_2012-0116.pdf The ink was barely cold on the presses when the pundits were howling about interest rate increases. When the Bank of Canada announced only 3 days earlier. http://www.cbc.ca/news/business/story/2012/01/13/f-mortgage-rates-record-low.html
TORONTO, January 17, 2012 – Greater Toronto REALTORS® reported 1,506 sales through the TorontoMLS® system during … (6 comments)
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condos: Digital Marketing your house in Etobicoke - 12/15/10 02:29 PM
If you have been searching the MLS for photos of houses and their interiors, you know that the limit of 9 photos is a disappointment and can not truly reflect the character and charm of your home.
For this reason alone; having a digital photographic slideshow of your property with potentially 40 or 50 photos [displayed seasonally if you wish to show off that pool, landscaping and yard] on google for your address, and fully searchable, will provide the most Buyer Views.
Seriously, isn't that really my job? To present your property in a positive fashion and expose … (0 comments)
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condos: Is there a Housing Bubble for Toronto? - 12/10/10 12:31 PM
Yes, coming to a City Near you! The overheated housing market is causing a housing bubble and the impending fall of real estate values because of housing affordability. No matter how many times this headline is repeated it does not become the truth. No matter the sources that post on this topic the inherent facts within the Toronto real estate market continue to defy the media pundits calling for it's demise. I have three simple answers; inflation, immigration and consumer confidence. Here are my sources of rebuttal; Canada’s residential housing sector is landing safely after a wild ride over the past … (0 comments)
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condos: New Lower listing costs with Flat fee MLS Toronto - 10/27/10 12:39 PM
CREA ratification of Competition Consent Agreement
Despite all the media hoopla associated with Sunday's vote by CREA members to ratify the Competition Consent Agreement, it will be business as usual for real estate professionals across the country.
The public will continue to access listings on the MLS system or Realtor.ca, but any posts to the system remain firmly in the hands of local realtors. Under the terms of the new, 10-year agreement, CREA and the Boards cannot prevent or discriminate against 'mere postings' and members who offer 'mere postings.' CREA does not believe that such rules exist today-but if they … (8 comments)
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condos: My Toronto and the G20 Summit - 06/16/10 08:37 AM
Exciting Opportunity! Yes Opportunity! G8 is dealing with issues like Global Warming, Moving Forward with Financial Recovery post a global recession. And Canada is Hosting! What an Honour! Last three in Canada were in Quebec, Nova Scotia and Alberta
G20 is created / expanding to include other involved nations as our problems truly are global in nature. Business, Global Warming, Economies, Manufacturing, Trade, Jobs! If you don't think that global trade, jobs and Business are related; you need a quick economy update. The financial sector and banking controls alone and the events of 2008 showed us how interdependent, intertwined … (2 comments)
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condos: What makes Best Agent for Toronto Real Estate? - 06/06/10 05:38 PM
Possibly the best real estate agent in Toronto West, Etobicoke and Mississauga to Oakville. How can I say that to you? I have believed for 22 years that with honesty and hardwork, word of mouth would carry the message out to new clients.
We now have 32,000 agents registered in the City of Toronto, We are all competing for your business. The video above is playing Bad Romance from Lady Gaga. It really does speak to me in the sense that many agents promise the moon yet fail to deliver. So How do we Quantify the Best Agent agent for real … (6 comments)
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condos: Speculation on Toronto Housing Bubble Continues - 06/01/10 08:23 AM
Except this time there is a calmer voice joining in to the endless chorus The Toronto Housing Bubble will burst conversation. The CBC was following up a piece that was run May 28th 2010 by the Financial Post. The Post is quoting the DBRS (Debt Bond Rating Service) that the continued stability in Canada, our banking systems and stricter credit policies all enforce the concept that the Canadian banking system and mortgage portfolio is doing just fine.
Canada’s housing market is expected to cool off this year and next, but isn’t at risk of falling victim to a U.S.-style foreclosure crisis … (6 comments)
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condos: Land Transfer Taxes; when you buy a condo or house Toronto - 05/05/10 02:58 PM
Toronto and the surrounding area have separate land transfer tax rates.
If you are also first time buyers, you have rebates available to you.
The Ontario Land Transfer Tax applies to all purchases in the Province based on the Purchase Price.
In addition Toronto charges their own Land Transfer Tax.
Click here to open the closing costs calculator.
This Calculator was provided by Stan Gelman to assist you in your real estate transaction. Give Stan Gelman a call on your next real estate transaction.
The fees quoted are for a normal residential purchase transaction up to $550,000. Additional Fees May Apply Purchase … (2 comments)
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condos: Lack of Inventory will drive Toronto Markets - 02/25/10 05:35 AM
The Lack of inventory will be the greatest challenge facing housing markets across the country this Spring, according to a report released today by RE/MAX. The RE/MAX Market Trends Report 2010, which examined real estate trends and developments in 16 markets across the country, found that unusually strong activity during one of the traditionally quietest months of the year has led to a sharp decline in active listings in 81 per cent of markets surveyed. “There have never been so many motivating factors in play at once,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “We’re in for a heated … (3 comments)
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condos: Buy the Civic Center in Etobicoke? - 01/30/10 07:26 AM
It was my pleasure to interview the past Mayor of Etobicoke, currently sitting Toronto Councillor Doug Holyday. This distinguished gentleman has served a long term in the public sector.
In attending the offices at the Etobicoke Civic Center, my consideration was what a fabulous location on and off the highway that would better serve as high rise high density mixed use being a combination of retail commercial with residential above. [Hard not to be a realtor]
This became one of our conversational points. If the City moved its west offices to one of the subway hubs, either Kipling or Islington, and … (3 comments)
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condos: Calculate Toronto GTA Closing Costs - 07/11/09 04:50 PM
Home Buying Closing Costs Toronto GTA Real Estate
How much are the closing costs? How much money do you need in addition to your deposits. All are answered here with a financial income requirement worksheet.
Calculate Land Transfer Tax
Am I able to get First Time Buyer Rebates?
Home Buying Calculation sheet is generated on each property we are seriously considering during our shopping process. At this point you would have already decided condo or freehold ownership, Fixed or Variable Funding for your mortgage.
The Top Half of the Worksheet describes monthly debt payment calculations
The bottom half describes the Taxes and expenses relative to … (0 comments)
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condos: 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.
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