Archive for April 2014
How To Take Title To Your Home
By Lorne Shuman: Once you have decided to purchase a home, you will be faced with important decisions that will have an impact on your estate for a long time. Understanding the importance of how to take “title” (or ownership) to your property is one important aspect of estate planning. In the event of your…
Read MoreCurrent Residential Mortgage Rates as of April 28, 2014
Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.64% 3 Year 2.79% 4 Year 2.94% 5 Year 2.89% 7 Year 3.79% 10 Year 4.39% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.70% = 2.30% Variable Open = Prime plus 0.80% = 3.80% Courtesy of John Chrisanthidis, Mortgage Intelligence
Read More10 Best-Kept Secrets For Selling Your Home
These tricks of the trade from HGTV.com will help you get top dollar when selling your home… Selling Secret #10: Pricing it right A properly priced home will sell quickly. However, in the current market, Sellers are often tempted to underprice their property and then be stampeded by buyers with multiple bids. More often than…
Read MoreGTA Realtors® Report Mid-April Resale Housing Stats
TORONTO, April 17, 2014 – Toronto Real Estate Board President Dianne Usher announced that the spring market started off on a strong note in the Greater Toronto Area, with a 10.8 per cent year-over-year sales increase reported by Greater Toronto REALTORS® during the first two weeks of April. Sales through the TorontoMLS system over this…
Read MoreGTA Realtors® Report Q1 Rental Market Stats
TORONTO, April 15, 2014 – Toronto Real Estate Board President Dianne Usher announced that strong growth in rental transactions and rental listings was reported by Greater Toronto REALTORS® during the first quarter of 2014. For condominium apartments in particular, total rental transactions were up by 17.8 per cent compared to the first quarter of 2013. The total number of…
Read MoreCurrent Residential Mortgage Rates as of April 14, 2014
Term Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.64% 3 Year 2.79% 4 Year 2.94% 5 Year 2.99% 7 Year 3.79% 10 Year 4.39% Prime = 3.00% Variable Closed (5 yr) = Prime minus 0.70% = 2.30% Variable Open = Prime plus 0.80% = 3.80% Courtesy of John Chrisanthidis, Mortgage Intelligence
Read MoreNo-Hassle Custom Decor
Conventional wisdom holds that in order to achieve a custom look in your home decor you either have to spend a bundle hiring professionals, or invest countless hours of hard work doing it yourself. In the Internet age, however, it’s easier than ever to achieve the look of custom home decor without the expense or…
Read MoreWhat Are Your Closing Costs?
By Lorne Shuman: For many people, buying a home is the largest financial investment decision you will ever make. Seeing that most of your savings will go towards the deposit, that may not leave much money for the closing costs. Being unaware of some of the more common closing costs will create a problem at…
Read MoreToronto Neighbourhoods Under The Scope: March ’14 vs March ’13
Find your neighbourhood below and see how March’s sales stats stacked up to last year’s. C02 (Annex, Wychwood, Casa Loma, Yonge-St.Clair) March 2013 March 2014 % Change Active Listings 253 229 – 9.5% Sales 48 51 + 6.3% Average Price $1,064,269 $1,139,617 + 7.1% Days on Market 22 25 + 13.6% Avg % of List Price 98…
Read MoreKeeping The Basement Dry
With memories of last July’s flood still fresh in their minds, many Toronto homeowners are keeping their fingers crossed that their basements don’t flood again when spring rains arrive. Damp basements are a plague for homeowners and the first step towards a cure is to pinpoint the source of the moisture. Some of the more…
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