Posts by Elliot
GTA Realtors® Release Q1 Rental Market Report
TORONTO, ONTARIO, April 25, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 6,680 condominium apartment lease transactions through TREB’s MLS® System during the first quarter of 2017. This result was up by 3.5 per cent compared to the first quarter of 2016. The number of condominium apartments…
Read MoreYes, You Actually Have to Clean Your Gutters!
The purpose of a gutter is to carry water away from a building to a good drainage area. If gutters are not cleaned, material will build up in the gutter channel and water will overflow onto the building and foundation. When this happens, a number of nasty side effects could occur. Overflows: Rain gutters and…
Read MoreTREB Releases Mid-April Sales Statistics
April 19, 2017 – Greater Toronto Area REALTORS® reported 6,098 transactions through TREB’s MLS® System during the first 14 days of April 2017. This result was up by 10.8 per cent in comparison to the same time period in March 2016. Sales were up for all major home types on a year-over-year basis – both…
Read MoreAvoiding a Bad Haircut This Spring
Pruning is much more than the simple act of sawing off limbs and should be a regular part of all tree and shrub maintenance programs. Pruning at the right time and in the right way is critical, since it is possible to kill a healthy tree through neglect or over-pruning. Essentially, pruning should enhance the…
Read MoreWhat About My Mortgage Pre-Approval?
Although going through the pre-approval process is important, the actual term ‘pre-approval’ is often misunderstood. An important point to be clear on is that while you may be pre-approved for a certain mortgage amount, there are several variables that can derail a final approval once you write an offer on a property. As such it…
Read MoreThere’s Water in My Basement!
Finding water in your basement can be more than just a nuisance – musty smell, soggy carpets, affected hardwood – it can be a clear indication of larger problems with your home. First, how did it get there? Leaking pipes, poor drainage caused by clogged or broken gutters, or a rising water table in your…
Read MoreGTA Realtors® Release March Housing Market Stats
TORONTO, ONTARIO, April 5, 2017– Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017. This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016. For the TREB market area as a whole, annual…
Read MoreResidential Mortgage Rates as of April 4, 2017
Term Fixed Closed Rate 6 months 3.95% 1 Year 2.29% 2 Year 2.09% 3 Year 2.34% 4 Year 2.49% 5 Year 2.39% 7 Year 2.98% 10 Year 3.89% Prime = 2.70% Variable Closed (5 yr) = Prime minus 0.70% = 2.00% Variable Open = Prime plus 0.80% = 3.50% Secured Credit Lines = Prime plus…
Read More6 Things To Remember When Reviewing A Condo Status Certificate
Written by Mark Weisleder As a result of bidding wars for condominiums, buyers are being asked to review a condominium status certificate in advance in order to submit an offer without conditions. Here are 6 items to look at and questions that should be asked when reviewing a status certificate in advance to give buyers…
Read MoreAssignments Explained
Written by Lorne Shuman The severe shortage of listings has created multiple offers, bidding wars and unprecedented price increases. Serious buyers are finding it extremely difficult to find suitable properties. Consequently, many buyers are looking to purchase properties via Assignments. This column will explain the basics of Assignment transactions and what you need to know…
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