given that the interest paid over the lifetime of a mortgage can often be equal to the purchase price of a house or condo. In the first five years of a mortgage, 75 per cent of the payments go to interest and just 25 per cent to the principal.
Home ownership became more affordable for Canadians in the last quarter of 2008, reversing a trend that began four years earlier, according to Royal Bank of Canada
This will help to keep the vitality of the surrounding area and help ensure the survival of the neighbourhoods small family owned business’ which give this part of Toronto such a unique feel.
Source: Toronto Real Estate Board
TORONTO, December 10, 2008 – Supported by a study on the impact of the Toronto Land Transfer Tax, recently authored by the C.D. Howe Institute and two University of Toronto Economics Professors, Greater Toronto REALTORS® are renewing calls for this tax to be rolled back.
“The housing sector is one of the most significant [...]
I find myself in the midst of what I have fondly named ‘Renovation Hell’. Yes… the photo you see is of my poor bathroom. I feel the need to add and perhaps relist some of the tips. Speaking from first hand experience.
Home sellers have one goal—to sell their home for the most amount of money they can get. A home in move-in condition makes meeting this ideal easier.
Conducting an open house is a terrific way to expose your property to many people in a short amount of time. While your real estate professional will advertise and manage the event, it is up to you to make sure that your home is seen in the best light possible. Remember, you only have one [...]
Hot real estate markets bring out the worst in everyone. Sellers become greedy and demanding. Buyers become desperate, frustrated and disillusioned. Real estate agents get caught in the middle as they try to negotiate purchase contracts that are acceptable to both sides of the transaction.
Along with frayed nerves, hot markets mean multiple offers will be [...]
In real estate, there are different forms of agency relationships. Before an agency is established in writing, an agency relationship may be established by the actions of the individual parties. If it walks like a duck and talks like a duck it might be legally defined as a duck, but usually, any relationship before a [...]
There may be nothing as exciting as the purchase of your first home… the great feeling you get when the keys are handed to you and you’re standing in your new living room.
Getting to that point is an adventure. It can be daunting and stressful, but if you follow some simple rules, the whole experience [...]
TIM HEWETSON