The NEW Land Transfer Tax – What you need to know.

Despite the fight to the bitter end, the new land transfer tax was approved by the City of Toronto in October. It’s important to understand how it works if you are thinking of buying or selling as it will affect everyone, especially if you were thinking of postponing any activity until the spring. I’ve attached the details from the Toronto…

October 2007 Market Watch

October 2007 was another record breaking month with sales up 15% over October 2006! “There is every indication that 2007 will be a banner year for resale housing activity in the Greater Toronto Area,” said TREB President Maureen O’Neill. “The effects of the City of Toronto’s new land transfer tax will definitely be felt in 2008 but we are also…

My Extreme Makeover

I’m not sure if my wife just doesn’t think I’m good looking enough or if she doesn’t want me to be recognized on the street but my ‘identity’ as undergone an extreme makeover! Check out my new website by clicking here … And here is the back of my new business card… Click on comments below and tell me what…

My Little Black Book for Your Home

When you own a home, the shopping will never end. Trust me. You might consider it a fun experience or, you might rather clean the toilet with your toothbrush. 🙂 Now on home #3, my wife and I have had done a lot of research and shopping and have found some of the best places and best finds for everything…

September 2007 Market Watch

September put in another excellent performance, with 6,866 single family units changing hands through the TorontoMLS system, Toronto Real Estate Board (TREB) President Maureen O’Neill announced today. “This figure was up four per cent from last year (6,622 sales), and off only six per cent from the record 7,326 sales recorded during September of 2005.” Year-to-date sales, at 73,827, were…

Boom or Bubble?

With the insane record-setting activity in the real estate market over the summer, there is a lot of buzz about whether the market bubble is going to burst or if this is an ongoing boom. If you’ve been a part of any a conversation on this topic, discussion has probably come up about the U.S. market. Creditors are losing their…

August 2007 Market Watch

I’m getting tired! August became the fifth record-breaking month in a row with 8,059 sales. It was 15% more active than last year and 7% higher than the all time record. The average price is up 7% over August 2006 at $361,890. TREB President Donald Bentley stated, “While the last decade has seen five record breaking years, and a good…

Playing the Game

In today’s heated market, there are still a lot of sought-after neighbourhoods where homes command multiple offers and the sold price well exceeds the asking price. One lucky home buyer is successful but many others are left in the wake still without a home, scratching their heads wondering, “What happened”? We’ll walk you through the strategy of multiple offers, the…

July 2007 Market Watch

July is the fourth month in a row that sales have broken monthly records! “We are running 14 percent ahead of the seven month total for 2005 which became our best year ever.” says TREB President Donald Bentley. “The local resale market is as healthy as it has ever been.” Average prices declined two percent to $366,012 but the decline…

Too Many Hands In Your Pocket!

It seems lately that all sorts of people are trying to put their hands in your pocket….the goverment, the bank, the government again. There’s been a great deal of contreversy about the proposed 100% increase to land transfer taxes, possible increases to property taxes and additional fees for everything else that you do in life. On top of that, the…