Markets – A Slight Chill

May Sales Remain High June 3, 2010 — Greater Toronto REALTORS® reported 9,470 sales through the Multiple Listing Service® (MLS®) in May, representing a one per cent dip from May 2009. In comparison to previous years, this was the third highest May sales result on record. “The pace of transactions slowed in May following record-setting sales in February, March and…

Mortgages – Answers in June!

Scott’s Perspective by Scott WestlakeMobile Mortgage Specialist – Royal Bank of CanadaCell: 416.436.1135scott.westlake@rbc.com June is becoming a very exiting month for real estate in Toronto/GTA. It seems like everyone has been waiting to see where the market is going in terms of interest rates, which I comment on below, how HST will affect the average home buyer. How government changes…

Canada becomes first country in G7 to hike rates

A report from the Canadian Real Estate Association talks about the bank rate increases from a global perspective… For the first time since 2007, the Bank of Canada raised its target for the overnight rate by one quarter of one percentage point to 0.5 per cent on June 1, 2010. The Bank rate was raised to 0.75 per cent and…

HST Confusion…and Clarification

When exactly does HST come into effect for real estate transactions? That’s the problem. This is not exact science. To clarify… For Resale Homes As of July 1st, buyers and sellers will pay 8 per cent more on legal fees, appraisals, real estate commissions, home inspection fees, and moving costs. That’s about $2,500 extra if you are selling a $600,000…

Get Dirty

With somewhat more permanently good weather, now is the time to get in the garden and get dirty. To kick things off, check out some great plant sales in Toronto. Click the link for details… Black Creek Pioneer Village – Doors Open Toronto Plant SaleSaturday, May 29th to Sunday, May 30th Sheridan NurseriesTuesday, May 18th to Monday, May 31stHumber NurseriesMonday,…

Crack Shack vs. Mansion

It’s funny bit kind of scary. My wife scored 12 out of 16, but she is a ringer since she’s from Vancouver. Comment below if you beat her! CRACK SHACK VS. MANSION

April Market Watch

No matter how much the media tries to blow up the situation, the numbers are showing that the there is no bubble to burst, just a return to a more balanced market with greater inventory and movement. There is no doubt that things will slow down in the latter half of 2010 but not the frightening cliff dive that the…

Mortgages – Rate Creep?

From the desk of Peter Majthenyi and Andre Semeniuk… Lately there’s been a lot of speculation on when and how high interest rates will go. I don’t think any of us thought rates would stay low forever. I am confident we all recognize that our economy will gradually improve, and along with economic growth comes more realistic mortgage rates, likely…

Lose the clutter. Find the cure.

How do you turn this… Into this? With this… Imagine…fondue sets and velour leisure suits actually have the power to cure cancer! On Saturday, May 29th, RE/MAX is sponsoring the Yard Sale for the Cure. Join us in our fight against breast cancer by holding a yard sale or by shopping for bargains. Register online to hold your own yard…

Spring shopping fever!

With temperatures rising, it’s time to think about outdoor living.. Here are our favorite sources for furniture and accessories, as well as some of the hottest products for the season. Check out the links below for great floor sales. Design Within Reach435 King Street Westmscott@dwr.com416.977.4003www.dwr.com Great for indoor living as well, this west end store has an incredible selection and…