mississaugatoronto real estate: Mississauga Condos for Sale - Market Report
- 06/14/10 09:34 AM
Mississauga Condos for Sale - Market ReportThe month of May 2010 saw a decrease in the number of active Mississauga Condos for Sale as well as a significant decline in the number of unit sales. Does this spell trouble for the Mississauga Condominium market? To gain some insight into that question we need to look at what has been happening in the market over the last few months. A shortage of Mississauga Condos for Sale resulted in bidding wars and price increases.A generally heightened awareness of the probable increases in interest rates led to increased activity by Mississauga Condominium buyers particularly … (0 comments)
mississaugatoronto real estate: Is Title Insurance a Substitute for a Survey?
- 05/21/09 06:14 AM
In a word no! Title insurance is no substitute for a survey. It seems to have become somewhat of a common practice in the last few years for newer inexperienced real estate agents to advise clients against the expense of a survey, along with the recommendation to purchase title insurance as a way of safeguarding against any problems that may arise with the property. And at least one title insurance provider has stated in the past that "title insurance diminishes the need for an up to date survey on most properties". What is Title Insurance Unlike other forms of insurance that … (3 comments)
mississaugatoronto real estate: Harmonization or Tax Grab?
- 05/11/09 02:18 PM
The Dalton McGinty government has introduced legislation to implement the harmonization of the Federal Goods and Services Tax (GST) with the Provincial Sales Tax (PST) in 2010. So instead of seeing a 5% GST and an 8% PST on whatever you buy, you will see a combined tax of 13% HST. Sounds harmless...........right? Except some goods and services are now exempt from the 8% Provincial Sales Tax. At present, real estate commissions are not subject to the 8% PST. Neither are home inspections, home and condo appraisals or lawyers fees. All of these will become taxable at the Provincial level in … (0 comments)
mississaugatoronto real estate: Is a Condominium Inspection a Waste of Money?
- 05/04/09 07:54 AM
Most home buyers recognize the wisdom of inserting a conditional provision in their agreement of purchase and sale on a home inspection. Many condominium buyers however have difficulty justifying the cost. Some have even been discouraged from performing an inspection by either their real estate agent or their lawyer citing it to be a waste of money since the Condominium Corporation is responsible for maintenance of common elements.The interior of the condominium unit is the owners responsibility however and whether the building is a new condominium or an older one there may be potential problems lurking that may cost you money … (7 comments)
mississaugatoronto real estate: Is it Time to Lock-In your Mortgage Rate at Today’s Low Rates
- 04/30/09 01:02 AM
You would have to go back to the 1950's to find low mortgage rates such as we are experiencing today. The big question around Toronto real estate and Mississauga real estate circles these days is "is it time to lock-in your mortgage at these low rates" The Bank of Canada recently lowered its benchmark lending rate to a historical low, but more unexpectedly announced that they would keep this rate steady until at least June 2010 due to current economic conditions. That means the major banks are not expected to increase their lending rates either. In fact a number of prominent … (0 comments)
mississaugatoronto real estate: Mississauga, Toronto Home Prices Will Rise Again
- 03/23/09 01:21 AM
A bold statement to be sure in these dark and gloomy times. However, as author, politician and former Governor General of Canada, Sir John Buchan said "Those who cannot learn from history are doomed to repeat it". So let's look at a little recent history. The 1970's Back in the beginning of the 1970's, Pierre Elliot Trudeau was Prime Minister of Canada and you could buy a house for an average price of $30,000 *. The first big oil price shock happened in 1973-4 and people lined up around the block to gas up their cars. A recession quickly followed. The … (2 comments)
mississaugatoronto real estate: First Time Buyers’ in Mississauga and Toronto – How to Avoid Costly Appliance Repairs After Moving In
- 02/24/09 05:04 AM
An offer to purchase real estate will usually contain a clause asking the seller to warrant all appliances included in the sale, be in good working order on the day of closing. This warranty usually specifies that it will not extend beyond the closing date. What Do You Do If Appliances Need Repair? Most buyers' of Mississauga Real Estate, Toronto Real Estate or Oakville Ontario Real Estate don't normally discover a problem with appliances until after the home has closed and you have handed over all your money owed to the seller. Since most closings seem to take place towards the … (0 comments)
mississaugatoronto real estate: Inexperienced Real Estate Agent Costs Seller Thousands of Dollars
- 02/19/09 01:50 PM
The changing market in Mississauga Real Estate, Toronto Real Estate or Oakville Ontario Real Estate has led to the realization that you will need the services of an experienced real estate agent if you want or need to sell your Mississauga Condominium, Toronto Condominium or your Oakville Ontario Condominium. Ugly and Costly A recent condominium sale in the Greater Toronto Area turned ugly and costly for the seller on closing day. This condominium was sold with a parking spot that was stipulated in the Agreement of Purchase and Sale as owned by the seller. As it turned out the parking spot … (0 comments)
mississaugatoronto real estate: First Time Home Buyers in Mississauga & Toronto will love the Increased Tax Free withdrawals
- 02/18/09 12:40 AM
A couple of new changes introduced by the Canadian government in it's budget recently are sure to please First Time home buyers in Mississauga and Toronto. Under the federal Home Buyers Plan, first-time home buyers will be allowed tax free withdrawals to a limit of $25,000 from registered retirement savings plans for the purpose of buying a first home. this is up from a limit of $20,000. Also to defray some of the costs of buying such as legal fees and Land Transfer taxes a 15% First Time Home Buyers Tax Credit will apply on expenditures up to $5000.00 meaning a … (2 comments)
mississaugatoronto real estate: Mississauga/Toronto Home Sellers Under Attack Again
- 02/16/09 01:03 PM
If you are planning on selling your Mississauga Real Estate, Toronto Real Estate or Oakville On Real Estate in the future, you may be required to perform a mandatory home energy audit if Bill 101 The Home Energy Rating Act 2008, passes into law in the Ontario legislature. Voluntary Home Energy AuditsHome Energy Audits at present are voluntary and the Government of Ontario will rebate $150 of the cost of an initial audit, which usually costs in the $300 - $350 range. A second audit is required when the homeowner completes all or part of the recommended energy retrofits in order … (11 comments)
mississaugatoronto real estate: First Time Home Buyers Beware – Pickpockets at Work
- 02/12/09 12:43 PM
Home buyers', including first time home buyers' planning to buy Mississauga Real Estate, Toronto Real Estate or Oakville On Real Estate will face higher costs if Premier McGinty's recent out loud musings of harmonizing the Provincial Sales Tax (PST) with the Federal Goods and Service Tax (GST) come into effect. At the moment most goods and services are subject to 5% Federal GST. In addition to that there is an 8% PST, however some goods and services are exempt. Premier McGinty wants to "harmonize" these two taxes into one tax of 13%. Sounds harmless. ...............Right? Except as a homebuyer you will … (0 comments)
mississaugatoronto real estate: Mississauga/Toronto Home Sellers’ - Warning – Home Sales To Fall!
- 02/10/09 02:14 PM
Home Sales To Fall The Canadian Real Estate Association is predicting the number of home sales to fall by almost 17% in 2009. And with that drop comes an expected 8% fall in prices. The CREA expects the biggest declines to take place in Ontario, British Columbia and Alberta. What does This Mean To You If You Plan To Sell Your Home? If you own Mississauga Real Estate, Toronto Real Estate or Oakville ON Real Estate and you need or want to sell your home this year, earlier in the year would be preferable to later. · It also means pricing your … (0 comments)
mississaugatoronto real estate: Inexperienced Mississauga/Toronto Real Estate Agent Costs Home Owner Sale of House
- 02/09/09 02:47 AM
It wasn't long ago that the Greater Toronto Area real estate market was humming along nicely. For the past 5-7 years prices were rising and when a "for sale" sign appeared it didn't take too long for it to be replaced with a "sold" sign. New Agent or Experienced Agent People from all walks of life flocked to get their real estate license and soon after proclaimed themselves to be the No 1 agent. These days, if you want or need to sell your Mississauga Real Estate, Toronto Real Estate or Oakville Ontario Real Estate, you'll find the market has changed … (4 comments)
Mississauga Condos for Sale - Market ReportThe month of May 2010 saw a decrease in the number of active Mississauga Condos for Sale as well as a significant decline in the number of unit sales.
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