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

How far would an agent go?

February 28th, 2008 · No Comments

Following up on an article that I read in the Toronto Star over the weekend, “Special Agents”, discusses how some agents go above and beyond their required duties. That got me thinking because simply put, the real estate business is insanely competitive so it only makes sense that agents try to go above and [...]

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Tags: General · Real Estate

Rates, Rates & More Rates!

February 26th, 2008 · No Comments

And you thought doing your taxes was confusing! There are just so many choices when it comes to rates – fixed, variable, open, closed, long term, short term, etc. We’d like to help out by stick-handling you through the confusion.
First off, let’s clear up the confusion between the words “amortization” and “term”. [...]

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Tags: General · Mortgages

Real Estate in Canada is Hot, Hot, Hot

February 22nd, 2008 · No Comments

Canada’s real estate market over the past 10 years has grown significantly, with housing prices increased by 98.7%. Toronto’s prices rose by 78% with an average house price of $376,236.
Re/Max predicts we’ll see an increase of 5% in housing in the new year.
Perhaps the biggest concern is how the slow down of [...]

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Tags: General · Real Estate

Attention Condo Owners: Get Your Bread Delivered

February 21st, 2008 · No Comments

Now condo owners can breathe a sigh of relief as Freshbread.ca is your one-stop shop for all baked, carbohydrate-filled breakfast goods. They will deliver fresh bread right to your door. This’ll be great for those who can’t bear the thought of leaving their unit to get a bagel.

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Tags: General

House vs. Condo

February 20th, 2008 · No Comments

Which is the better investment?
It’s hard to say….condos are cheaper to begin with but the maintenance fees do add up. When you think about it, by simply adding that extra $400 to your mortgage payments, it can make a lot of difference. However, there are some perks: awesome amenities (swimming pool, [...]

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Tags: General · Real Estate

Taking matters into your own hands

February 19th, 2008 · No Comments

I can see how some people want to completely cut off the middleman in a real estate transaction in order to save a chunk of money. Realtors can make an average of 5% (divided between the listing and selling agents) on any transaction and that can be quite a bit of cash. Let’s [...]

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Tags: General · Real Estate

Housing Affordability

February 15th, 2008 · No Comments

I came across an interesting article in the Toronto Star yesterday discussing the housing affordability in Canada.

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Tags: General · Real Estate

Toronto like Park Avenue?

February 14th, 2008 · No Comments

There’s no better way to buy and sell property than with Monopoly money. Yeah, that’s right. Remember when you were a kid and you had the ability to buy all these properties with this “invisible” money?
“Boardwalk?”
“Yeah, I’ll it!”
“Marvin Gardens?”
“Hm…Yeah, I’ll take that too!!”
Ah…those were the days.
For Monopoly lovers everywhere, [...]

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Tags: General

Green Power!

February 13th, 2008 · No Comments

Haha, ok….so the title of this blog may be a bit lame, like a reference to the Power Rangers or something. Rest assured, I am not speaking of the “green ranger”, but about green living.
The environment has become the forefront of the media, with particular attention to climate change and it’s essential [...]

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Tags: General

Getting vacant possession on closing?

February 12th, 2008 · No Comments

So, the day finally comes when the real estate transaction is closed and you’re waiting around for the keys. Exactly when should you recieve them? What happens to ensure you get them on the day of closing? What is the process before you’re handed over the keys to your precious new [...]

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Tags: General · Real Estate