Tips and Advice

TREB Makret 2019 February

Toronto Real Estate Board Market Stats for February 2019 are available NOW!

  It looks like we are seeing an upward Price trend especially in Semi-Detached and Condo properties! Both the MLS® Home Price Index Composite Benchmark and the average selling price were up modestly on a year-over-year basis in February 2019. The MLS® HPI Composite Benchmark was up by 2.4 per cent year-over-year. The average selling price for all home types combined was up by 1.6 per cent...

bid wars

Ontario may allow realtors to disclose offer prices in bidding wars

www.condohere.com   Ontario government launched consultation Thursday on possible change to Real Estate and Business Brokers Act. Ontario home buyers may soon be able to find out the prices and conditions of other offers in bidding wars. The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that's one rule they're looking at changing....

CONDO LIVING: WHEN LESS IS BEST

While condominium living offers numerous benefits with affordability, great value for location, and amenities at one's doorstep chief among them, it also demands that homeowners exercise a particularly high degree of consideration for those around them. This, of course, is where condominium boards come in: it is imperative that they enact rules to provide for an enjoyable living experience for all...

CONDO OWNERSHIP — WHAT TO EXPECT

If you are considering the purchase of a condominium in the Greater Toronto Area you are one of many residents who recognize the numerous benefits of this type of property ownership. Offering affordability, proximity to desirable areas and limited maintenance, it’s no wonder that condominiums now represent one in every three resale home transactions in the GTA. Before proceeding with your purchase...

Condo Board

Characteristics Of An Effective Condo Board

One of the many attractive aspects of condominium living is the opportunity it gives residents to be part of a community within a community. In fact, a 2010 study by Brigham Young University points to community involvement as a key to longevity, improving the odds of living a long life by up to 50 per cent. Like any community though, the key to a condominium development's harmonious and efficient...

Condominium Assignments Frequently Asked Questions

Condominium Assignments FAQ 1. What is an assignment? An assignment is essentially a sale of a contract or right to acquire property. An assignment is a transaction whereby the original purchaser (the "Assignor") of a property sells, and thereby transfers, their interest and obligations under the original contract to a new purchaser (the "Assignee"). The Assignee will generally assume all of the...

Renting Vs Buying

Should you rent or should you buy? The answer to this question ultimately depends on your individual financial situation. Buying a property means making an investment that will build equity over time. Renting means paying for your current living situation without ever gaining any equity or ownership. Home ownership will only make financial sense if you are looking to live in a particular home for a few...

Top 10 Reasons to Move

Thinking of moving? Before you pack up your entire life and relocate to a new property, it’s important to understand if you are moving for the right reasons. Make sure you are moving to a new home that will better suit your needs and lifestyle, and one that will make a significant positive change for the road ahead. Read through the following key reasons to move, to get a better sense of why moving now...

How To Get More For Your Condo

You can significantly increase your Condo's market value by following a few simple steps to uncover your condo’s full potential. In the end, you will attract more potential homebuyers and ultimately increase the listing price of your home. Tip # 1. You never get a second chance to make a first impression. As this is true, make sure you home’s front entrance is immaculate. Repaint or replace the...

Top 5 Closing Costs When Buying Pre-construction

There are a few “hidden” costs when purchasing preconstruction. The price you see on the price list isn’t going to be the price you pay at the end. Closing costs vary from person to person and from project to project, but here is a list of top 5 closing costs that you should be aware of. Land Transfer Tax   Land Transfer Taxes are mandatory for all buyers of any property in the province....

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