Posts by Elliot
GTA Realtors® Release Mid-February Housing Figures
TORONTO, February 18, 2015 – Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported a 14.9 per cent increase in the number of sales entered into the TorontoMLS system during the first two weeks of February 2015 compared to the same period in 2014. There was a total of 3,120…
Read MoreBringing The Theatre Home
Media rooms or home theatres are still a hot renovation trend in 2015. But, it takes more than just a huge television to make a home theatre work. There are a few things to keep in mind when designing your home media centre: 1. In many homes, the basement offers the best location for a…
Read MoreWired vs. Wireless Home Security
Now that you’ve decided to equip your home with a monitored security system, the next decision is whether to go with a hardwired or wireless setup. There are pros and cons to both, but ultimately the choice will be based on your lifestyle and security needs. Here are some of the differences, as well as…
Read More8 Tips To Rebuild Your Credit
Having a good credit rating is absolutely critical in modern society – a low credit rating can cost you tens of thousands of dollars, or obstruct you from obtaining credit altogether. If you have poor credit IT IS possible to rebuild it, but you will need to be committed to a good plan. It will…
Read MoreToronto Neighbourhoods Under The Scope: Jan ’15 vs Jan ’14
Find your neighbourhood below and see how January’s sales stats stacked up to last year’s. C02 (Annex, Wychwood, Casa Loma, Yonge-St.Clair) Jan 2014 Jan 2015 % Change Active Listings 168 170 + 1.2% Sales 29 43 + 48.3% Average Price $939,898 $1,099,693 + 17.0% Days on Market 33 39 + 18.2% Avg % of List Price…
Read MoreGTA Realtors® Report January Resale Market Figures
TORONTO, February 4, 2015 – Toronto Real Estate Board President Paul Etherington announced a strong start to 2015, with robust year-over-year sales and average price growth in January. Greater Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first month of the year. This result represented a 6.1 per cent increase…
Read MoreProperty Assessments as a Measure of Value
When homeowners receive provincial Property Assessment notices, some will smile and have a bit more spring in their step, feeling the assessed value is accurate or perhaps even overly positive. Others will wilt and lament a modest gain or even a decrease in the assessed value over the previous year or period. Reactions will of…
Read MoreCurrent Residential Mortgage Rates as of February 2, 2015
Term Fixed Closed Rate 6 months 3.95% 1 Year 2.79% 2 Year 2.34% 3 Year 2.59% 4 Year 2.77% 5 Year 2.79% 7 Year 3.29% 10 Year 3.89% Prime = 2.85% Variable Closed (5 yr) = Prime minus 0.70% = 2.15% Variable Open = Prime plus 0.80% = 3.65% Secured Credit Lines = Prime …
Read MoreWhat Happens When a Transaction Is Extended
By Lorne Shuman: It is not unusual for a buyer to request an extension of the closing date. This column will examine the reasons for extensions and what usually happens when a transaction is extended. A buyer may request an extension of the closing date because it has not yet sold its existing home or…
Read MoreCurrent Residential Mortgage Rates as of January 28, 2015
Term Fixed Closed Rate 6 months 3.95% 1 Year 2.89% 2 Year 2.34% 3 Year 2.69% 4 Year 2.77% 5 Year 2.79% 7 Year 3.49% 10 Year 3.99% Prime = 2.85% Variable Closed (5 yr) = Prime minus 0.70% = 2.15% Variable Open = Prime plus 0.80% = 3.65% Secured Credit Lines = Prime …
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