Tips and Trick for Toronto first time Home Buyers With interesting stories and helpful tips from the trenches.
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Entries from January 2008

Condo Living on the Rise?

January 31st, 2008 · No Comments

I guess it’s kind of obvious now that condo living has been on the rise because everywhere you turn, there’s highrises and condo developments scattering Toronto’s skyline. I mean, the perks are there: no need to worry about cutting your lawn or maintaining your garden, or a leaky roof, and best of all, you [...]

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Tags: General · Real Estate

Would You Like to Sell Your Home?

January 30th, 2008 · No Comments

I arrive home after work yesterday to a weird, yet annoying message on my telephone. Someone from whatever real estate company wants to sell my home and asks if I’m interested. My first thought was, “Are you kidding?! I just bought my condo in the summer!”. I hate to say it, but [...]

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Tags: General · Real Estate

Property taxes to increase 3.75%

January 29th, 2008 · No Comments

On Monday, Toronto proposed an $8.2 billion spending budget for the 2008 year. Amongst those on the list, a 3.75% property tax hike for homeowners. To homeowners, this works out to an extra $80 more per year on an average home of $370,000.
Wow. Was it not yesterday that I reported about the new [...]

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Tags: General · Real Estate

Toronto Land Transfer Tax - FYI

January 28th, 2008 · No Comments

The Municipal Land Transfer Tax (MLTT) or the Toronto Land Transfer Tax will come into full affect in February. I have just come across some more detailed information that will probably be of use to all of you and answer your most common questions.
The following is an excerpt from the Teranet website.
When will the [...]

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Tags: General · Real Estate

Single, young and looking to buy.

January 25th, 2008 · No Comments

Women nowadays are more independant; statistics from Royal Lepage state that 1 out of 3 women, who have never been married, own a home. And for those who don’t own a home, 31 percent plan to purchase one within the next couple years.
The difference between renting and owning is so small, that it makes [...]

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Tags: General · Real Estate

Transit vs. Traffic

January 23rd, 2008 · No Comments

Like any city dweller, I rely on the TTC to get to work and like most Torontonians, who wants to waste money on gas driving bumper to bumper on the 401 every day? It seems that public transit is a must when living in the city, at least for those who do not own [...]

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Tags: General · Real Estate

Reducing the STRESS of Home Buying

January 22nd, 2008 · No Comments

I just broke down and started crying. It’s just that buying a house is such a huge financial commitment and we’re both stressed out about the whole thing. It has been dominating our thoughts and our waking hours for the last several weeks. We want to find the perfect, affordable home and [...]

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Tags: General

The 5 P’s

January 21st, 2008 · No Comments

To all condo owners and potential condo buyers! Here’s a list of the most common condo disputes that may be of interest to you:
1) Pets - Pets are noisy and owners don’t clean up after them.
2) Parking - Guests and Owners are using parking spaces in an irresponsible fashion. For example, parking in [...]

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Tags: General · Real Estate

Welcome to your new condo! Err…parking spot?

January 18th, 2008 · No Comments

 
Imagine you were enticed into buying a new condo development and after investing tonnes and tonnes of money, from the advice of your trusted real estate agent and builder, you find out from the news that this “condo” was actually a parking spot!
Well news broke yesterday about a $3.8 million fraud involving two brothers, who [...]

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Tags: General · Real Estate

Toronto’s littlest charm

January 16th, 2008 · No Comments

Don’t be fooled by this tiny house of only 300 square feet. It features one bedroom, a kitchen with folding table and chairs, a living room, and a full - yes, full - bathroom. To exit through the back door, first fold the Murphy bed back into the wall; it takes up the [...]

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Tags: General · Real Estate