Archive for Home Buying In Toronto
Bedbugs In Toronto Homes – What to do?
The Toronto Star recently announced that the bedbug infestation numbers in the city are rising. Bedbugs aren’t limited to low-income apartments or housing, but Toronto real estate that includes upscale houses and condominiums. However, in situations like these as well as in hotels, the problem is underreported because of the stigma attached. In 2003, Toronto [...]
Being asked to be an estate executor in Toronto
One facet of owning anything in Canada is what happens to your possessions after you die, and this is very true for Toronto home owners. Most Canadians will choose someone to act as the executor of their estate, and if you have been chosen as an executor you should be aware of the lengthy and [...]
Survey Finds Toronto Residents Unsure About Harmonized Sales Tax (HST)
Toronto home sales in July of this year fell 34 per cent according to the Toronto Real Estate Board, and a new study by a major Toronto real estate company found that the real estate market decline may be due in part to confusion over the new Harmonized Sales Tax, or HST, that was introduced [...]
July Toronto Real Estate Board Sales Lowest Since 2002
So is it just a traditional summer market slowdown or is it the harbinger of a long-term decline in Toronto real estate sales? Only time will tell (hindsight is always 100%). Although the average Toronto house and condo sale price at $420,482 was up 6.3% over 12 months ago, it was down 3.5% from June [...]
Take some time and get to know your Toronto neighbourhood a bit better
Toronto is a city of neighbourhoods. No matter where you live, or where you’re planning on buying a home, getting to know all of the hidden secrets of each of these neighbourhoods is a bonus. Find the best local coffee shop, book store or gelato dispensary. Learn about the nearby park bench and why it’s [...]
Toronto among the second-most transparent real estate markets in the world: Canada
Toronto is one of the largest real estate markets in Canada, and the biannual Global Real Estate Transparency Index study conducted by financial and professional services company Jones Lang LaSalle has found that Canada’s real estate market is the second best in the entire world with regards to transparency. The transparency of a real estate [...]
Fewer Toronto Home Sales Meant Better Relationships With Builders in 2010
Consumer research firm J.D. Power and Associates announced last week that the recession may have led to fewer home sales in the Greater Toronto Area, but less sales meant one positive development for builders and their customers. Less sales meant fewer closings, and builders has more time to spend with their customers, allowing them to [...]
Choosing an amortization period on a Toronto mortgage
The amortization period is the length of time it takes to pay off a mortgage. The average amortization period is 25 years, but some are longer and some are shorter. While recent Ontario mortgage rule changes suggested amortization rates would be reduced, it never ended up happening. Choosing an amortization period can be a difficult [...]
What is “Power of Sale” and What Does it Mean to Toronto Home Buyers?
The recent stormy financial atmosphere across Canada, including Ontario and Toronto, has led to an increase in homes sold by the bank, sold under what is called “Power of Sale”. Homes sold by the bank are typically ones in which the former homeowner unfortunately could not pay their mortgage. The agreement may have a lot [...]
July Toronto Real Estate Market Showing Signs Of A Traditional Summer (For A Change)
A combination of affordable mortgage rates and a plentiful real estate listing inventory make buying a Toronto house or condo now the best opportunity since March 2009.
