Archive for Toronto Home Owners
Remodeling Your Toronto Home Before Selling: Cost Vs. Value
The 2010-2011 Remodeling Cost vs. Value Report was recently released. This report is put out every year by Remodeling Magazine and examines how worthwhile common renovations are when looking at how much money is spent and how much of that money is recouped when a home is sold. While the magazine is based in the [...]
Vermiculite Insulation Removal In Toronto
Vermiculite is a mineral that is used in a variety of products, from potting soil to insulation. For 70 years, most of the vermiculite mined for insulation came from one Montana-based mine, which was later discovered to be tainted with asbestos. This vermiculite insulation is also tainted with asbestos, and over 35 million North American [...]
Buying A Recently Renovated Home In Toronto
“Fully-renovated” and “recently upgraded” are two phrases commonly seen in listings for homes and older condominiums. If this is the case, potential buyers should make sure that permits were obtained for whatever upgrades were made to the home or structure before they buy. According to the City of Toronto, building permits are required for installing [...]
More About The HST From The Toronto Real Estate Board
It has been just over five months since the Harmonized Sales Tax (HST) was introduced in Ontario. The HST applies both directly and indirectly to the cost of buying a home depending on what type of real estate it is. For newly constructed homes, the HST applies. For resale homes, the HST does not apply [...]
Bank of Canada Overnight Rate Target Stays At 1%
The Bank of Canada held its last meeting for the year this week, and in doing so decided to leave the prime rate target where it is – at 1 per cent. This means that those with a variable-rate mortgage will not see an increase in their monthly payments, but it is possible to still [...]
Toronto Real Estate Market Expected To Stay Stable: RBC
A new Royal Bank of Canada report says that the Toronto housing market will remain stable through 2011. According to the report, the Toronto real estate market has recovered significantly since late summer, which proved that demand has not decreased, but that instead special circumstances like the Harmonized Sales Tax and new mortgage rules drove [...]
Toronto Annual Home Sales Increase For Fourth Month In A Row
It’s unfortunate that headlines like “GTA home sales down in November” and “Housing sales down” are what most people see while scanning the computer screen or newspaper, depending on how they get their fill of news each day. In these same news stories, comments on how Toronto’s real estate market is just a wee bit [...]
Housing Affordability In Toronto Real Estate Increases
Toronto Real Estate Affordability Improves According To Royal Bank “The improvement in affordability has reduced some of the stress that has been mounting in housing markets during the past year,” said the senior economist for the Royal Bank of Canada in the report. According to the Home Affordability Index, the current number is currently 56.1, [...]
Energy-Efficiency And Toronto Real Estate
Keeping your Toronto Real Estate toasty in the winter Where did these temperatures come from? It’s cold and genuinely uncomfortable outside, and many Toronto homeowners are going to begin seeking refuge inside, where the thermostat lives. If your home isn’t optimized for the cold weather, you could be wasting money on energy bills that are [...]
Toronto Real Estate Sales Are Up – Again
Toronto Real Estate Sales Increase For Third Month In A Row For the third month in a row, home sales across Canada have risen after a drop in mid-summer. Seasonally-adjusted sales through the Multiple Listing Service have increased 4.6 per cent through October, after similar increases in both September and August. The Canada Mortgage and [...]
