Toronto Taxes 2009-2010

A Taxing Issue

October 30, 2009

-- If you are at all interested in Toronto politics, you have likely heard that Toronto Mayor David Miller has announced that he will not seek re-election next year. Only time will tell how history will view Mayor Miller’s leadership, but one thing is indisputable: Mayor Miller ushered in some very significant changes to how the City operates, not the least of which was the introduction of a City land transfer tax, which has been shown to have had a negative impact on the real estate market and the City’s economy. With this in mind, REALTORS® are calling on any candidates that run to replace Mayor Miller next year to make serious commitments to roll back this unfair tax once elected.

Real Estate Toronto - Using Your Own Buyer's Agent

Buying a Home In Toronto - Advantages of Using Your Own 'Buyer's' Agent
As you begin the process of searching for a home in the Toronto region of Ontario , one of the most important steps to take is to find a real estate sales representative who you feel comfortable with and who has good past client references .

Many people searching for a home do not realize that they have the opportunity to save thousands of dollars, time and avoid potential problems by choosing to work with a REALTOR® early in the home buying process.

A REALTOR® will sit down with you and go over all of the things that should be taken into consideration when searching for a home.
They will provide you with valuable information and tools that will help you to find the right home at a price that fits your lifestyle and needs.
They will advise you on things to watch out for and will be there for you from the beginning until the day you move into your new home and will stay in touch with you once you've moved in should any problems arise.

As you begin to work with a REALTOR®,I will discuss with you the advantages of signing a 'Buyer's Representation Agreement '

A Buyer's Agency/Representation Agreement provides you with the top level of services a REALTOR® can provide and these services are most often provided to you free of charge.

Your Buyer's agent is paid for the work they have done for you through the Seller's agent whose property you have purchased. The Seller's agent is paid a commission by the Seller when their house is sold. From this commission, a certain percentage is paid to the Buyer's agent's office who then pays the Buyer's sales representative.

When acting on behalf of my buyer clients, I offer the highest levels of service, free of charge to my buyers.
In giving the best service possible to my buyers, I provide the following list of services to ensure that they have an enjoyable, smooth, care-free and happy home buying experience:

•To assist my buyers in understanding what will take place, I outline the entire homebuying process from beginning to end.
To facilitate this, I provide my buyers with a Homebuying Book and pamphlets on various things to do with the homebuying process.



•In order that my Buyer clients feel comfortable with signing the Buyer's Representation Agreement, I explain it in detail and ensure them that if they are not happy with my services and are able to provide me with an explanation, they are able to cancel the agreement at any time.



•As part of the Homebuying process, I discuss with my clients financing alternatives and determine their needs with regards to financing the purchase of a home.



•I endeavour to find the best possible home for my clients and in order to do so, I meet with them and ask them to answer a fairly in-depth questionnaire that deals with their specific needs and desires in a home.



•My Buyers have the right to always be kept up to date with the new listings that have come on the market.
Immediately after determining my Buyer's needs/desires in a home, I register my Buyers on a Listing Update Program through our local real estate board that provides them with all of the new listings that meet their criteria by email on a daily basis.
They are then free to peruse the information at their leisure and, since the best listings sell very quickly, are certain not to miss out on any new listings that come on the market within their guidelines and price range.



•When my Buyers come across a property they would like to see, or if I recommend we go and see specific properties, I coordinate the showings and accompany my Buyers through all of the listings they wish to see.
When looking through homes, I point out potential problems and concerns in relation to each particular property. This gives my Buyers the peace of mind in knowing that a trained eye who is working on their behalf is observing each property along with them.



•When my Buyers find a home they would like to put an offer in on, I provide them with a Comparative Market Analysis on the property so that they know the value of the property.
This enables them to make an informed decision when deciding how high they would like to go when negotiating on the home price.



•I provide my Buyers with all of the information that is available on all properties that they wish to view.
On any property that they have further questions about, if I don't know the answer I find out and let them know as quick as possible. This way they won't miss out on a home due to not knowing the answers to any pertinent questions they may be considering.
Time is always of the essence when searching for the right home.



•If my Buyers are short on time or are from out of the region, I preview properties for them in order to weed out those that are of poor quality, require a great amount of work or are not suitable.
This way my Buyers only need view those properties that are of good quality, priced right and fall within their search criteria.



•If one of my Buyers finds a For Sale By Owner, or if I find one for them that falls within their search criteria, I will set up an appointment to view with the Sellers and should my Buyers decide to put in an offer on the property, I will prepare the Agreement of Purchase and Sale and do all of the negotiating with the Sellers.
I will also ensure that the Sellers pay my commission for the services I've provided to my Buyers and in payment for bringing them an offer on their property. This way my Buyers are still ensured of having my services provided free of charge, no matter if a property is listed on the MLS system or not.



•When my Buyers find a home that they would like to put an offer on, I discuss with them the terms and conditions of the offer, advising them as to what clauses and terms I feel should be included for their own protection and in their best interests.
I then prepare the Agreement of Purchase of Sale and present it to the Sellers and their Agent on my clients behalf.



•I negotiate with the Sellers and their Agent to get the best possible price and terms for my Buyers.



•As part of the Agreement of Purchase and Sale conditions that I recommend to my Buyers, I ensure that all offers are conditional upon my Buyer receiving a satisfactory Home Inspection Report on the property prepared by a highly qualified professional Home Inspector.

I give a list of recommended Home Inspectors to my Buyers and ask them to choose one for the inspection. I also ask that my Buyers be present during the Home Inspection process and I ensure them that I will also be in attendance at the Home Inspection.

Once the Home Inspection is completed, I discuss any issues with the Home Inspector and make recommendations to my Buyers as to how to proceed from this point forward.
Most often, if a house requires certain upgrades or repairs, these can be negotiated on with the Seller during the negotiation and offer process.
I endeavour to do this to the satisfaction of all parties involved so that my Buyers feel comfortable moving forward with a purchase of the home of their choice.



•Any and all personal information that my Buyers disclose to me is kept in strictest confidence. I provide them with a privacy agreement that outlines this and my Buyers feel comfortable knowing that they can trust me to always keep their best interests in mind throughout the home buying process.



•On any property my Buyers decide to offer on, I do my best to find out the Seller's motivation and reasons for selling as this information will play a vital role during our offer preparation and negotiations.



•Once the offer to purchase has been accepted, I ensure that any and all conditions are satisfied in a smooth and timely manner. I provide my Buyers with a list of recommended lawyers and outline to my Buyer's their lawyer's role and what they can expect to pay.

I also provide my Buyers with a list of Homebuying incentives and rebates that government bodies may be providing so that all of my Buyers receive the highest value possible in their home purchase.



•My Buyers receive a list of home services that will be provided to them at a discount rate for having bought through me. These services may include, although are not limited to, moving and cleaning services.



•On closing day, I ensure that the events of the day flow as smoothly as possible for my Buyers and am there to assist should keys need to be picked up or documents delivered.



•To ensure that my Buyers are happy with their home purchase and to make sure they know I am always only a phone call or email away, I contact or visit my Buyers on closing day and discuss with them their new home and any concerns they may have.


This is the day of celebration and I'm justly proud of my Buyers and their new home and all they have come through to reach this point.
I ensure that my Buyers know that I will be staying in touch with them and that they may call or email me anytime should any issues arise with their new home or just to say hello!

Peter Tarshis Toronto Realtor

Worried about the current real estate market? Buy or sell with confidence
When you're buying or selling a condo or house, finding the right agent is half the battle. To ensure a good experience, you need to work with a professional who knows the area well and can help you negotiate the best possible price. I can provide you with up-to-the-minute market data on recent sales activity in the building or in the neighbourhood. You can trust me to help you get the property you want at a price you can afford.

First-class service and a worry-free move

Thinking of selling? I will effectively market your home, and work around the clock to help you sell it quickly and profitably. As an Accredited Staging Professional (ASP) Real Estate Agent, I am trained to make your house or condo as attractive as possible to potential buyers. Homes staged by ASPs sell more quickly with fewer days on the market. My commission fees include a free ASP staging consultation for all of my listing clients as part of my value-added services.

Looking to buy? I'll help you find that perfect condo or loft that suits your cool factor. Prefer a house of your own? I'll keep your budget and preferences in mind as we search for that dream home. My extensive preparation and research will allow you to make an offer with confidence:

•Learn about buying or selling before you begin
•Get organized
•Find a home in your price range
•Properly price your home
•Get in touch with a financing specialist
•Sell your home quickly and profitably
•Help you with all your closing details
•Get in touch with home-related suppliers
•And more!

Experience counts
Give me a call today at (416) 921-1112 for a free, no-obligation consultation.

SELLERS INFO

For Sellers
Why use an agent?
Selling a home takes more than just putting a "for sale" sign out front. You need an agent with experience and training to help you determine the right price, come up with an effective marketing strategy, and anticipate and solve any problems that come up during the selling process. A real estate professional can help you with every part of selling your home, and offer you a smoother, hassle-free experience.

When you’re selling your home, there are a number of advantages to working with an agent:
•He/she knows real estate values in your neighbourhood and will help price your home competitively by preparing a market analysis of homes that have sold, competing homes that are still on the market and homes that were on the market but didn’t sell.
•He/she will establish a marketing strategy for your home, ensuring that it’s exposed to as many potential buyers as possible.
•He/she takes care of the tasks involved in selling a house, ensuring that the transaction is simple and low-stress for you.
•He/she is an expert in the home selling process and will advise you of your rights, options and obligations.
•He/she is an experienced negotiator and will work for you to get you the best possible price.

Effective marketing for your home
An agent can help you market your home by exposing it to as many potential buyers as possible. The first step is putting it on the MLS. But listing your property is only the beginning; your agent will prepare a personalized plan that includes everything he/she plans to do to sell your property. At Royal LePage, your property will be aggressively promoted through:
•A posting on the Multiple Listing Service (MLS)
•Royal LePage property advertising publications
•The Royal LePage web site
•Other Royal LePage offices and real estate professionals
•Mailings to potential buyers in your area



Pricing your property right
If you price your property too low, it may sell quickly, but you’ll lose out on money. If you price it too high, it may not sell at all. Your agent can help you figure out the best asking price for your home.

The benefits of the right price
A well-priced property may generate competing offers, which will drive up the final price. Other real estate professionals will be enthusiastic about presenting your property to their buyers. Your home will sell faster because it is exposed to more qualified buyers.

Listen to the market
As part of your pricing strategy, your agent will put together a comparative market analysis, which is a good indicator of what today’s buyers are willing to pay. It compares the market activity of homes similar to yours in your neighbourhood:
•Homes that have recently sold represent what buyers are willing to pay.
•Homes currently listed for sale represent the price sellers hope to obtain.
•Listings that have expired are generally overpriced or have been poorly marketed.

Don’t overprice your home
Some sellers believe that if they price their home high initially, they can lower it later. Instead of making you more money, this strategy could end up hurting you.

•Early activity is key. As soon as a home comes on the market, agents and potential buyers sit up and take notice. If it’s overpriced, interested parties will quickly lose interest. By the time the price drops, the majority of buyers are lost. When a home has been for sale too long, buyers will be wary and may reject the property.

•You’ll miss the right buyer. You may think that interested buyers can always make an offer, but if your home is overpriced, potential buyers looking in a lower price range will never see it. And those who can afford a home at your asking price will soon recognize that they can get a better value elsewhere.

•You could run out of time. You may end up having to drop your price below market value if your home doesn’t sell initially. Price it right the first time, and you won’t end up having to sell it for less than it’s worth.



The elements of an offer
Here’s a quick reference to everything you need to know about accepting on offer on your home.

1. Price
Depends on the market and the buyers, but generally, the price offered is different from the asking price.

2. Deposit
Shows the buyer’s good faith and will be applied against the purchase price of the home when the sale closes.


3. TermsIncludes the total price the buyer is offering as well as the financing details. The buyer may be arranging his/her own financing or may ask to assume your existing mortgage if you have an attractive rate.

4. Conditions
These might include "subject to home inspection," "subject to the buyer obtaining financing," or "subject to the sale of the purchaser’s property."

5. Inclusions and exclusions
These may include appliances and certain fixtures or decorative items, such as window coverings or light fixtures.

6. Closing or possession date
Generally, the day the title of the property is transferred to the buyer and funds are received by the seller, unless otherwise specified (except in Manitoba and Quebec).


Renovating for resale
Renovations don’t have to be expensive or extensive to offer you a good rate of return. In fact, a quick coat of paint can go a long way to boosting your selling price. Just make sure your new décor is tasteful, with shades of white and tame versions of popular colours.

The kitchen and bathroom are your best bets for renovation with the highest payback. Take a look at these average rates of return for home upgrades:
•Interior painting and décor - 73%
•Kitchen renovation - 72%
•Bathroom renovation - 68%
•Exterior paint - 65%
•Flooring upgrades - 62%
•Window/door replacement - 57%
•Main floor family room addition - 51%
•Fireplace addition - 50%
•Basement renovation - 49%
•Furnace/heating system replacement - 48%
•New lighting - 84%

As an expert on home sales trends in your neighbourhood, your Royal LePage Sales Professional can suggest which areas of your home could benefit from renovation and increase its value.


Preparing your home for an inspection
If you’re selling your home, be prepared for a visit from a home inspector, who will be checking out the property on behalf of possible purchasers. Take a look through your home using these steps, and repair any problems to ensure that your inspection is a success.

1. Make sure the structure is sound. Check to see if any renovations have damaged the structure. Look for termite damage. Ensure that "settling" hasn’t caused damage to the foundation or support beams and joists.

2. Check if electrical and wiring systems are safe. Loose wires or incorrectly installed or wired receptacles, switches or electrical box problems are hazardous and should be fixed. All homes should have a minimum of 100 amp service.

3. Look for leaks. Water can leak into unexpected places, causing extensive damage over time. Examine the underside of sinks and dishwashers, along ceilings, on floors or along basement walls. Plumbing fixtures, water-using appliances, drain pipes, water supply inlets and outlets, basements and roofs can all be causes and sources of water damage.

4. Resolve safety issues. Make sure windows open easily and lock securely, and entrances/exits can be securely locked. Correct hazards such as hidden curbs, loose railings and stairs, uncapped wells, etc.

5. Check plumbing. Faucets should run easily and shut off completely, bathtubs should be properly caulked and grouted, toilets should be bolted down securely, drains should be clog free, and the water heater should be in good working order.

6. Make sure your heating and cooling systems work. Make sure they are up to date, clean, in good working condition and have clean filters. Check refrigerant in air conditioning units.

7. Have a friend take a look. A general, unbiased overview of your home by a neighbour or friend may reveal issues you might have overlooked.


Getting your home ready to show
If you’re planning an open house, or are expecting buyers to be looking at your home, make sure their first impression is a good one. Here are few hints for making your house look great to potential buyers:

Exterior
•House in good repair
•House number easy to read
•Eavestroughs, down spouts and soffits in good repair
•Garage/car port clean and tidy
•Litter picked up
•Cracked or broken window panes replaced
•Lawns and hedges cut and trimmed, garden weeded and edged
•Walks shovelled and salted
•Boot tray inside front door
•Doorbell and door hardware in good repair
•Porch and foyer clean and tidy

Interior

•Chipped plaster and paint touched up or replaced
•Doors and cupboards properly closed
•Leaky taps and toilets repaired
•Burned out light bulbs replaced
•Squeaky doors oiled
•Mirrors, fixtures and taps cleaned and polished
•Seals around tubs and basins in good repair
•Floors cleaned, garbage containers empty
•Inside of closets and cupboards neat and tidy
•Appliances cleaned
•Countertops neat and polished
•All lights turned on
•Air conditioner turned on in warm weather
•Fresh air in house
•Fireplace lit in cooler weather
•Halls and stairs cleaned
•Drapes opened during daylight
•Carpets freshly vacuumed
•Fresh flowers in various rooms
•Jewelry and valuables locked safely away or taken with you
•Valuable property, such as art, vases and figurines out of reach, out of sight or locked away
•Pets absent, where possible, or contained during the showing, and litter boxes clean



Signing a Listing Agreement
The first formal step in selling your property is entering into a Listing Agreement with your Royal LePage agent. The Listing Agreement is a contract in which Royal LePage commits to actively market your home for a specified period of time. It also commits you to a pre-established marketing fee that is to be paid upon the successful closing of the sale.

As part of the Agreement, your agent may require the following documents:

Plan of Survey or Location Certificate. A survey of your property which outlines the lot size and location of buildings as well as details of encroachments from neighbouring properties. This may be required in certain areas to complete the sale of your home. Your legal professional may recommend a survey, especially if significant changes have been made to your property.

Property tax receipts. Most Listing Agreements require that current annual property tax assessments be shown.

Mortgage verification. Few homeowners know the exact balance of their mortgage as it is paid down. You will be asked to authorize your mortgage lender to provide the figures required.

Deed or title search. This document is a legal description of your property and the proof that you own it.

Other documentation. In some instances, it may help the sale of your property if you can provide prospective buyers with information on such items as annual heating, electrical, and water expenses, as well as any recent home improvement costs. Some provinces require that you sign a property condition disclosure statement.

FOR BUYERS

For Buyers

Finding the right agent

You want to find the right home, in the right location, at the right price - and you want to do it quickly, with minimum hassle. The best way to do that is to work with a professional realtor who understands your wants and needs, your time frame and your financial boundaries.

Why work with an agent?

•You’ll save time. An agent can pinpoint homes that fit your needs and dismiss those that don’t.
•You benefit from an experienced negotiator. Your agent will manage your offers and counter-offers, ensuring that you get the best possible price for your home.
•You’ll get the right information. Your agent knows the neighbourhood and can give you accurate information on local real estate values, taxes, utility costs, services and amenities.
•You can always count on great advice. Because your agent is familiar with the entire home purchasing process, he or she can advise you of your legal and financial options, and recommend appraisal, home inspection and contracting services.

Choose an agent who understands your needs
Here are a few questions to ask to help you determine if an agent is right for you:
•Will you be representing my interests?
•Do you have access to MLS information?
•Will you provide market evidence to support the price?
•Will you look after closing and possession details?
•Can you be contacted at any time?



Working with an agent
Let your real estate agent do the searching for you. The best buys aren’t in the newspaper ads; most great opportunities are on "hot sheets" that are available every morning to salespeople with access to MLS information.

An agent’s job is to:
•Provide information on the property and the area
•Negotiate a price and terms that are agreeable to both buyer and seller
•Help arrange a source of financing

As a homebuyer, you must work with your agent to find the home that’s right for you. Communication is key - tell your agent what you want, and be specific.
•Offer a detailed description of your property needs and wants. If you will absolutely not consider a house without a hardwood floor, say so. And if air conditioning is a "nice to have" rather than a "must have," communicate that, too.
•Be specific about where you want to live. If you refuse to live outside a certain area, it might take longer to find you a home, but your agent will know not to waste your time with anything not in your chosen neighbourhood.
•Tell your agent what you can afford. He or she can help you get a pre-approved mortgage so you know for sure what your price range will be.
•Communicate your likes and dislikes for each property you see. It will help your agent narrow down the possibilities.
•Commit to one salesperson.
•Respect and perform the terms of the purchase agreement.
•Keep an open mind. Agents know about those charming little areas that you’ve never even heard of. You might find your dream home in a completely unexpected place.



The elements of an offer
Here’s a quick reference to everything you need to know about making an on offer on a property.

1. Price
Depends on the market and the buyers, but generally, the price offered is different from the asking price.

2. Deposit
Shows the buyer’s good faith and will be applied against the purchase price of the home when the sale closes. Your agent can advise you on a suitable amount to offer.

3. Terms
Includes the total price the buyer is offering as well as the financing details. The buyer may be arranging his/her own financing or may ask to assume your existing mortgage if you have an attractive rate.

4. Conditions
These might include "subject to home inspection," "subject to the buyer obtaining financing," or "subject to the sale of the purchaser’s property."

5. Inclusions and exclusions
These may include appliances and certain fixtures or decorative items, such as window coverings or light fixtures.

6. Closing or possession date
Generally, the day the title of the property is transferred to the buyer and funds are received by the seller, unless otherwise specified (except in Manitoba and Quebec).


Qualifying for a mortgage
Your Royal LePage agent can arrange to have you pre-qualified for a mortgage before you start shopping for a home. It’s easy, and you’ll avoid possible disappointments down the road if you fall in love with a place, then find out you can’t afford it. Plus, once you do find the perfect home, it will mean you can make an offer immediately.

Here’s how mortgage approval works: the amount of money you qualify for, plus the amount of cash you can put down equals the amount you can afford to spend on a home. Most lending institutions won’t allow more than about 30% of your income to support a mortgage. If you have other debts, they usually won’t allow your debts and your mortgage to exceed 40% of your income.

Finalizing your mortgage
Once you’ve found the home you want to buy, you’ll need to finalize your financing. You’ll need to provide your lender with the following documents:

1. A copy of the real estate listing of the property. If the home is still to be built, the mortgage lender will need to see the architect’s or builder’s plans and details on lot size and location.
2. A copy of the offer to purchase or the building contract, if this document has been prepared.
3. Documents to confirm employment, income and source of pre-approval.
4. If you have a pre-approved mortgage, it’s a simple matter of finalizing a few details with your mortgage specialist.


Choosing a neighbourhood
You’re not just buying a home - you’re buying a location. And even the most perfect house won’t feel right if you’re in the wrong neighbourhood. Educate yourself about the area so you’ll choose wisely - and end up being happy with your decision.

•Are you close to shopping and recreation? Being close to stores, parks, recreational facilities, a post office and dry cleaners will save you time.


•Do people in the area take care of their homes? Explore the neighbourhood, keeping an eye out for signs of neglect (overgrown lawns, houses in need of paint, trash and junked appliances littering yards). A run-down neighbourhood can drive down your property value.


•Are there schools nearby? If you have children, the proximity and quality of schools is key. Some schools will provide data (i.e. average test scores) that can determine quality. Talking to neighbours with children can be helpful, too.


•Is there good access to transportation? Living near public transport and/or major highways can mean an easier commute to work.


•Is it safe? Check with the local police department - they may be able to provide statistics about break-ins or other crimes.


•Will the home increase in value over time? Homes in some neighbourhoods appreciate faster than others. Research the selling prices of homes in over the past decade or so to predict future trends. Your agent may be able to provide helpful data.


•Is it quiet? Listen for traffic noise, barking dogs, airplanes and any other noises that might bother you. Return to the neighbourhood at different times of the day to get an accurate impression.



Protect yourself with a home inspection
That gorgeous house on the corner lot may look great, but it could be hiding all sorts of expensive, annoying problems, from a leaky roof to faulty wiring to a mouldy basement.

Make sure your home is solid and secure inside and out before you buy it. A home inspector will determine structural and mechanical soundness, identify problem areas, provide cost estimates for any work required, and generate a report. It’s a great way to avoid headaches and costly problems that can turn a dream home into a money pit.

If you decide to go ahead and buy a home with issues that have been flagged by your inspector, you can base your offer on how much potential repairs and upgrades may cost.

Home inspection costs range according to size, age and location of the home. Your Royal LePage sales representative can recommend a reputable home inspection service or arrange for an inspector to visit your property

Toronto Housing Market Reports

If you're planning to make a move this year, the time to get started is now!

Looking to maximize the resale value of your home? It takes time to prepare and market a property effectively. Given that houses typically fetch the highest prices during the month of May, if you want to maximize your return on investment, you will need to act.

Now's the time for action!

10 Tips for Turning Your Home into an Income Property

If you're looking for a way to increase your income, you may need to look no further than your own home. These days, more and more Canadians are turning their homes into income properties. An income property is a home that is bought or developed in order to generate income, typically by renting it out in part or in its entirety. Renting can be a financially rewarding experience, either to provide extra income, or to help pay off a mortgage. So if you're thinking of going the income property route, here are 10 important steps you should take:

1.Contact your local or municipal government to first determine if you are legally permitted to turn your home into an income property. Work with them to ensure the unit adheres to all existing building and fire codes.
2.Get to know the landlord-tenant relationship regulations in your province. These laws will give you a better understanding of your role and responsibilities as a landlord.
3.Inform your insurance company about your plans for renting out space in your home and ask them if you require any additional coverage.
4.Get your home "renter-ready". From a simple change such as a fresh coat of paint to a major renovation, try and make your home look and feel as spacious, bright, and comfortable as possible. Your home should look appealing inside and out in order to attract potential renters.
5.Price and market your unit competitively. Scan the classifieds and visit rental websites to find out how much similar units are being listed for.
6.Conduct a screening process for applicants. Consider running a criminal background check, as well as a credit check, on prospective tenants.
7.Draft a written tenancy agreement. It may contain information such as: the date the tenant will move into the rental unit, the rent amount, the date rent is to be paid, what services are included in the rent (such as electricity or parking) and any separate charges, as well as the rules that you require the tenant to follow.
8.Consult a lawyer to look over the contract. Although not necessary, a lawyer can ensure there are no legal problems or issues with the contract before you present it to your tenant.
9.Request a minimum deposit of one month's rent in advance that may be used against any property damage or unpaid bills, depending on the laws in your province.
10.Have the tenant sign the contract. Ensure the tenant receives a copy and keep the original for your own records. Happy renting!

89 Marlborough Ave, Central Toronto - Real Estate

It's the offer day on 89 Marlbough Ave, so far I saw in this short selling week a

home inspector, 3 builders/Renovators + many interested buyers -lets see --

http://bit.ly/tNxiX

89 Marlborough Ave, Toronto - For Sale - Central Toronto

6am's early to put out your Open House signs unless your 1st. out in Aurora showing homes

-then back to Rosedale - 89 Marlborough Ave - from 1pm-5pm

-check out the Realtor flyer for Central Toronto Real Estate

http://www.realtor.ca/propertyDetails.aspx?propertyId=8812864

Finding Joy - the Movie

Peter Tarshis http://www.findingjoymovie.com/Finding Joy Movie
Source: www.findingjoymovie.com
Short inspirational film based on the book Finding Joy by Mac Anderson

TORONTO ISLAND AIRPORT

Island airport's success may mean waterfront parking lot

A dramatic jump in passenger traffic at the TORONTO island airport has triggered

interest among other airlines and fears the airport's controlling agency wants to

build a giant parking lot along the waterfront. The Toronto City Centre Airport

airport handled 500,000 passengers last year, compared with only 25,000 annually

before Porter Airlines came on the scene, and that number is expected to hit 750,000

this year.

CENTRAL TORONTO REALESTATE 142 BEDFORD ROAD

5000 sq.ft. Annex historical

- one of a kind. 5 fireplaces, 2 decks, private courtyard...

check out the virtual tour - www.142BedfordRoad.com

142 Bedford Road, Toronto, ON , M5R2K2

| Obeo Virtual Tour
Source: www.142BedfordRoad.com


142 Bedford Road - Annex

89 MARLBOROUGH AVE. CENTRAL TORONTO ROSEDALE -OPEN HOUSE

89 Marlborough Ave.

$699k

- Rosedale- near Summerhill / Yonge St. >

Public Open House this Saturday-Sunday -1-4pm,- call / click on for details,

http://www.realtor.ca/propertyDetails.aspx?propertyId=8812864

Where to buy: Many untapped areas of Toronto that are both desirable and affordable

October 23, 2009 -- With Greater Toronto Area resale housing activity continuing at a strong pace, some homebuyers may view a condominium purchase as their only launching point into the market. While condo living is an excellent choice, there are also many untapped desirable neighbourhoods where great prices on single detached homes can still be found.

One such example is the area around Wilmington Park in North York. Located south of Finch Avenue and West of Bathurst Street, ‘50s era bungalows and side-splits on wide lots are prevalent in this area, which has an abundance of greenspace. Here you can find a home that is still close to central Toronto and you’ll save several thousands of dollars by not paying the premium associated with the Yonge Street corridor. In recent months detached homes in this neighbourhood have sold for $549,635 on average, that’s compared to $865,467 in central Toronto.

Along the eastern border of North York, but also still centrally located you’ll find Parkwoods - an area dominated by 60s and 70s era detached homes that are currently selling for $503,040 on average. Parkwoods runs east of the Don Valley Parkway between Highway 401 and Lawrence Avenue, offering residents the natural beauty of the Don River Valley at a lesser price than you would pay in Don Mills. Although it has a suburban feel, its proximity to the Don Valley Parkway means that you’re only minutes away from city life as well.

Offering even easier access to downtown Toronto is East York, which runs long O’Connor Drive between Pape and Woodbine Avenues. Established in 1924, East York’s growth occurred primarily between 1946 and 1961 when its housing stock nearly doubled in size. Known as Canada's only Borough (until 1998), this area features well-loved brick bungalows, increasingly being left behind by seniors and snapped up by young professionals. In recent months, a detached home in East York could be found for approximately $493,870.

The southwest section of downtown Toronto is also a popular option. Beaconsfield Village, named after former British Prime Minister Benjamin Disraeli, who was given the title of Lord Beaconsfield by Queen Victoria, has undergone extensive gentrification in recent years. This area, along with neighbouring Little Portugal, is popular with Toronto's arts community, which has gradually migrated west along Queen Street. Immediately north of this area is Dufferin Grove, a community that has been completely revitalized by improvements to its focal point, the 14-acre Dufferin Grove Park. You’ll find even greater affordability just west of this area in Brockton Village where detached homes have recently sold for $496,911. Throughout these neighbourhoods you’ll find a variety of single and semi-detached homes, which offer a fair price in exchange for some elbow grease.

Further west, in Etobicoke, you can find another gem of a neighbourhood in New Toronto. Originally planned in the 1890s as a working town near the rail lines, this area has begun to attract young professionals thanks to its proximity to both downtown and most significantly, the waterfront. Petite detached homes and cottages, currently selling for $382,750 give this neighbourhood a cozy feel.

These are just a few examples of neighbourhoods that offer affordability all within reach of downtown Toronto. By working with a REALTOR®, you’re certain to find many more that are tucked away. For more information please visit www.TorontoRealEstateBoard.com

Bank of Canada Interest Rate for October

Bank of Canada maintains interest rates:

The Bank of Canada held its benchmark overnight lending rate steady at..
http://bit.ly/LBmdg

Bank of Canada maintains interest rates « CREA News

Source: bit.ly

The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on October 20th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent.

89 Marborough Ave. Rosedale C2 -toronto,

Day 2 of my new Listing

- already 40 Realtor/Client visits in 24 hrs.

89 Marlborough Ave.

$699k - Rosedale- near Summerhill / Yonge St. >

Public Open House this Saturday-Sunday -1-4pm,- c

all / click on for details,

http://www.realtor.ca/propertyDetails.aspx?propertyId=8812864

10 Commandments Home Buyers Must Follow

10 Commandments Home Buyers Must may seem like common sense to many. Buyers, however, can sometimes forget with all the excitement surrounding the buying of their new home. In the past couple of weeks, I have heard of two separate buyers who saw their home loan turned down, and their dream shattered, a few days before closing because they had bought furniture for their new home before it actually became their home. Both of them now have beautiful furniture with no home to put them in.

These two buyers were not my clients but it always hurts when I hear of transactions falling apart for reasons that could have been avoided. These 10 commandments are part of the buyer packet I give all my clients when we first meet and I always stress that once they get pre-approved and the process is started, they can't do anything that might affect their credit.

1. Thou shalt not change jobs, become self-employed or quit your job.

2. Thou shalt not buy a car, truck or van (or you may be living in it)!

3. Thou shalt not use credit cards excessively or let your accounts fall behind.

4. Thou shalt not spend money you have set aside for closing.

5. Thou shalt not omit debts or liabilities from your loan application.

6. Thou shalt not buy furniture.

7. Thou shalt not originate any inquiries into your credit.

8. Thou shalt not make large deposits without first checking with your loan officer.

9. Thou shalt not change bank accounts.

10. Thou shalt not co-sign a loan for anyone.

If you are in the process of buying a home, remember that your credit must not change or be affected in any way until you actually sign the paperwork and get possession of your new home. Lenders will not only look into your credit when you first get pre-approved, they will check it again (and sometimes again and again) before they let you sign the mortgage. If you want to buy new furniture for your home or change jobs, just be patient. There will always be time to do it after the closing.

Green Grants -Tax Credits

All across the country in magazines, television and on the Internet, there is a call to “go green” as it relates to your home, your car and your impact on the global environment.

Greening up your little corner of the world’s real estate can be of great benefit to you and your worldwide neighbors. It can also give a shot in the arm to the remodeling industry by increasing jobs. But, as an Canadian taxpaying homeowner, your participation in the process can also save you plenty of “greenbacks.”

Toronto October 2009 REALTOR Sales Stats

GTA Realtors® Reporting October Mid-Month Housing Statistics

October 19, 2009

-- In the first two weeks of October, Greater Toronto REALTORS® reported 3,631

sales – up 34 per cent compared to the first two weeks of October 2008.

The average price for these transactions was up 17 per cent year-overyear to $414,479

89 Marlbough Ave. Central Toronto - Rosedale

New Listing
- Day 1 -

Central Toronto -Rosedale - 89 Marlborough Ave.

- Public Open House Saturday-Sunday call for & click on for details

http://www.realtor.ca/propertyDetails.aspx?propertyId=8812864

Back to a Hot Seller's Market - Toronto

Many readers are finding the current housing market melee vexing: People are losing out to bully offers, contemplating entering the competition or just wondering when the fracas is going to end.

Conflagrations are breaking out across the country: A shortage in the number of houses listed for sale is leading to bidding wars in several cities, including Toronto, Montreal, St. John's, Saint John, Moncton, Edmonton, Calgary, North and West Vancouver, and Victoria.

One e-mail comes from a couple with four kids and a compelling story about their frustrating experience switching towns north of Toronto.

In the spring, they sold their house in Brampton, Ont. in order to move a short distance to the smaller town of Georgetown, Ont. It was a buyer's market at the time and it took three months for the Brampton house to sell.

In Georgetown they found a split-level house that needed much tender loving care and decided to buy it from the bank that had recently repossessed it, writes the dad of the family.

“Despite the realtor's assurance that we were sure to be the successful bidder, given the price we'd offered, we lost the home - and the first salvo in what we thought was a buyer's market in Georgetown - when we were outbid. We discovered that the buyer's market that ear-marked the spring quickly turned into a seller's market in the summer and, at present, appears to be continuing.”

The couple soon learned that, although Georgetown is only a 15-minute drive from Brampton, the market dynamics are considerably different. A limited supply of groundwater, combined with a tendency among homeowners to stay put, means the supply of houses coming on the market is tight.

City planners have reined in new housing growth partly because of the water issue.

When the Brampton house deal closed, the family squeezed into a tiny two-bedroom rented apartment.

They grow increasingly astonished, the dad says, at the way houses are selling a few hours after being listed.

Recently they again found a property they considered ideal.

“We were at the house with our realtor within hours, only to be told that there were already two offers already on the house.”

They put in their own bid for $350,000. A few hours later, another surfaced for a total of four.

They were told the offers would be presented to the owner the following day.

The next day they were called by their realtor, who informed them that they would have to increase their bid to $355,000 to be successful. The dad gave the agent the go-ahead over the phone, on the spot. But the agent phoned back an hour later to say that, regrettably, the property was sold for $356,500.

“I was again taken aback. I didn't have the opportunity to further increase my offer.”

Some sellers will go back to all of the parties involved and give them the chance to dig a little deeper. But some buyers resent what they see as manipulation and refuse to participate, so sellers and their agents don't always offer that option.

Now this couple waits for the next one to come along - with their four kids in cramped living quarters.

“Very frustrating situation,” says the dad.

Opinions are welcome - plenty of people are trying to figure out where this rally is heading.

Renovation Nation

Canadians love fixing up our homes. A home not only provides shelter, it’s a refuge, a source of happy memories and tremendous pride.

In recent years, we have found our inspiration from a multitude of home improvement programs on television, then headed to the nearest big box renovation stores to begin the next great project.

According to Canada Mortgage and Housing Corporation, close to $19.7 billion was spent in our country’s 10 major centres on renovations last year, an increase of more than $2 billion compared to 2006.

And there’s no end in sight to our passion for refurbishment. A survey by RBC/Ipsos Reid released last fall indicates that 66 per cent of Ontario home owners say they are planning to renovate over the next two years, with an average budget of $10,495.

Whether you’re planning a renovation in preparation for a sale, because your house is in need of repairs or simply for esthetics, it’s wise to plan carefully to achieve the best return on investment.

Most of us know that kitchens, bathrooms and a fresh coat of paint inside and out, offer the best return on investment. You can expect to get back 75 to 100 per cent of what you put into kitchens and bathrooms. Painting will return 50 to 100 per cent of your investment.

While these fix-ups are a pretty safe bet, there are a number of factors that can influence your return on investment. Location is one such consideration. While a basement recreation room will generally return 50 to 75 per cent of expenses, the preferences of future buyers in your community, seniors for example, can limit its value.

It’s also important to consider what your home needs most. Window and door replacement may offer a return 50 to 75 per cent but if your existing units are broken, there’s no question this should top your project list. In this case, the value associated with your home’s overall impression outweighs specific project returns.

Similarly, new flooring can dramatically enhance the overall look of your home despite the fact that the project itself will provide returns of 50 to 75 per cent. A new heating system will offer a 50 to 80 per cent return but buyers won’t have the same emotional response, which is a key factor in yielding a higher selling price.

There are some renovations that we undertake purely for our own enjoyment, like a swimming pool, which offers up to a 40 per cent return or landscaping, from which you will get back 25 to 50 per cent. They can however, also contribute to a more attractive property overall.

Regardless of the project you plan to undertake, strive to achieve good quality without overspending on custom materials. Remember that even the simplest improvements like new light fixtures, cabinet hardware or faucets can give your home a fresh, updated look.

For more information check out the Appraisal Institute of Canada’s RENOVA online worksheet or visit the Toronto Real Estate Board’s consumer website www.TorontoRealEstateBoard.com to find a REALTOR® who can advise you on the smartest fix-ups for your home.

Your destiny isn't a matter of chance, it's a matter of choice.

It’s not something you wait for, but rather something you pursue.

Don’t wait for extraordinary opportunities.
Seize common occasions and make them great.

Opportunities sometimes come disguised in the form of misfortune or temporary defeat.

Start where you are.

You’re at this moment standing right in the middle of opportunity.

Act on your dreams and you can have them.

Please click here to see the latest market update.

If you have any questions relating to real estate or know anyone looking for a competent real estate agent, please feel free to refer us with their name and number and we will be more than happy to follow up on your behalf. As always, they will be served with the same level of service you have come to expect from us.

NEW YORK TIMES ARTICLE ON TORONTO !

New York Times -

A Rare Building Boom Up North .

http://bit.ly/737k9

Improve your Home Appeal to Prospective Buyers

15 Low Cost Tips To Improve Your Home's Appeal to Prospective Buyers

Your main goal when selling your home is to sell it quickly at the highest price while investing as little as possible in renovations. With a limited budget and a little effort, you can greatly increase your home's appeal by focusing on what prospective buyers can see on the first visit.

If they don't like what they see outside, they'll never walk inside. Curb appeal can often mean the difference between a house sitting for months or selling in a few weeks.

Here are a few tips from professional home estimators to help you prepare your house for sale:

1. Refresh the exterior
First impressions count when it comes to selling a home. A majority of buyers will not even get out of their car if they do not find the exterior appealing. The best way to improve your exterior includes:

Repairing and/or replacing trims, shutters, gutters, shingles, mailboxes, window screens, walkways and driveway.
Painting siding, trim and shutters, and lamp and mail box posts.
Pressure washing vinyl siding, roofs, walkways and driveway.
Washing windows.
2. Tidy lawn and landscape
Home buyers associate the condition of your lawn and landscape with the condition of your home interior. The best way to enhance the yard includes:

Mowing and edging your lawn.
Seeding, fertilizing and weeding lawn.
Trimming and/or removing overgrown trees, shrubs and hedges.
Weeding and mulching plant beds.
Planting colourful seasonal flowers in existing plant beds.
Removing trash especially along fences and underneath hedges.
Sweeping and weeding the street curb along your property.
3. Create an inviting entrance
The front door to your home should invite buyers to enter. The best way to improve this includes:

Painting the front door in a glossy, cheerful colour that compliments the exterior colour.
Cleaning and/or replacing the door knocker, locks and handles.
Repairing and/or replacing the screen door, door bell, porch light and house numbers.
Placing a new welcome mat and a group of seasonal potted plants and flowers.
4. Reduce clutter and furniture
A buyer cannot envision living in your home if they cannot see your house. A home filled with clutter or even too much furniture distracts buyers from seeing how they can utilize the space your home offers. If you have limited storage space, you may want to consider renting a temporary storage unit to place items you wish to keep. The best way to improve your home includes:

Removing clutter such as books, magazines, toys, tools, supplies, unused items from counter tops, open shelves, storage closets, garage and basements.
Storing out of season clothing and shoes to make bedroom closets seem roomier.
Remove any visible damaged furniture.
5. Clean, clean, clean
The cleanliness of your home also influences a buyer's perception of its condition. The appearance of the kitchen and bathrooms will play a considerable role in a buyer's decision process, so pay particular attention to these areas. The best way to improve this includes:

Cleaning windows, fixtures, hardware, ceiling fans, vent covers and appliances.
Cleaning carpets, area rugs and draperies.
Cleaning inside refrigerator, stove, and cabinets.
Removing stains from carpets, floors, counters, sinks, baths, tile and grout.
Eliminating house odours, especially if you have pets.
6. Make minor repairs
The small stuff does count, especially with first time home buyers. Without dismissing the importance of repairing major items such as a leaking roof or plumbing, you do not need to spend money on replacing these items. Instead, focus on the minor repairs that make your home visually appealing. The best way to improve your home includes:

Repairing ceilings and wall cracks.
Repairing faucets, banisters, handrails, cabinets, drawers, doors, floors and tile.
Caulking and grouting tubs, showers, sinks and tile.
Painting ceilings, walls, trim, doors and cabinets.
Tightening door handles, drawer pulls, light switches and electrical plates.
Lubricating door hinges and locks.
7. Showcase the kitchen
The heart of any home is the kitchen. If you are going to spend any money on renovations, this is the one area where you will see the greatest return. Even with a modest budget, focusing on a few key areas can make a great difference in getting the asking price for your property. The best way to showcase the kitchen includes:

Replacing cabinet doors and hardware.
Installing under cabinet lighting.
Replacing light fixtures.
Replacing outdated shelving with pantry and cabinet organizers to maximize space.
8. Stage furniture
Furniture placement can enhance the space of your home while giving buyers an idea of how to best utilize the space with their own belongings. Take some time out to rethink how different areas in your house could be used. Some ideas to think about includes:

Moving couches and chairs away from walls in your sitting and family rooms to create "cozy conversational groups."
Creating a reading corner in the master bedroom.
Clearing an empty room to setup a reading space.
Turning an awkward space into a home office.
9. Light up the house
Create a sense of openness and cheerfulness in your home through lighting. To improve the lighting try:

Opening shades and drapes to let the sunshine warm and brighten rooms.
Installing brighter light bulbs in rooms that tend to be dark.
Adding additional lamps for ambient lighting.
10. Freshen up the garage or workshop

Items should be neatly stored in shelving or wall units.
Allow appropriate space for the homebuyer to visualize their vehicle or workbench.
Consider moving excess or over-sized items to mini-storage.
11. Add natural touches
You can easily add colour and style to your home by placing fresh flowers and fruit bowls throughout it. Some ideas to consider includes:

Placing fragrant arrangements in the entry and master bedroom.
Placing bowls of bright coloured fruit in the family room and kitchen.
Filling an empty corner with a potted leafy plant.
If you have room, go for the traditional two large planters, one on either side of the door or walkway. Fill them to overflowing with flowers if it's spring or summer or evergreens in the cooler months. This will create a focal point, forcing home buyers to focus on one area rather than the whole home at once.
12. De-personalize
Remove objects that your potential buyers won't be able to identify with. For example, political and religious items may turn off whole groups of buyers, because they cannot "imagine" your home as their home. Buying a home is an emotional decision, and you want potential buyers to make an emotional connection with your home by being able to "see" themselves in it.

13. Keep your pets under control
Always keep your pets under control. Try confining them to a specific area. Although you may love your pets, they can be off-putting to other people, and smells can be offensive, so make sure there are no lingering odours in furniture or flooring, and if there is, get them cleaned before you sell.

14. Fit into the community
If there are tons of kids in the neighbourhood, it's okay to have a bike in the yard—not so if your neighbourhood is mostly retirees. Keep your audience in mind as you show your house.

15. Don't forget the rear view
Buyers doing a drive by will try their best to see your back yard. If it's visible from another street or from someone's driveway, include it in your curb appeal efforts.

16. Evening curb appeal
Do your curb appeal exercise again at dusk because it isn't unusual for potential buyers to drive by houses in the evening. One quick way to improve evening curb appeal is with lighting:

String low voltage lighting along your driveway, sidewalks, and near important landscaping elements.
Add a decorative street lamp or an attractive light fixture to a front porch.
Make sure lighting that's visible through front doors and windows enhances the home's appearance.
Cosmetic changes do not have to be expensive. In fact, costly home improvements do not necessarily offer a good return on your investment when you sell. It’s attention to the basic, anything that says “this home has been carefully maintained”, that will help you get the price you want.

The Secret

George Bernard Shaw said,

"People are always blaming their circumstances for what they are. I don't believe

in circumstances. The people who get on in this world are the people who get up and

look for the circumstances they want, and if they can't find them, they make them."

Toronto Real Estate market Report October 2009

Market report


October 9, 2009 -- If you’re planning to make a move this fall, you’re not alone. Thousands of buyers undertook home transactions last month, making September the fifth consecutive month with sales exceeding the same period a year ago.

Last month’s sales totaled 8,196, representing an increase of 28 per cent compared to the 6,424 homes that changed hands in September 2008.

The average price of a home in the GTA soared even higher last month, to $406,877, a 10 per cent increase over the September 2008 average of $368,549.

The year-to-date figures are equally encouraging. Sales have increased 4.5 per cent compared to a year ago and prices are up 1.5 per cent.

Strong third quarter results have in fact, put the GTA resale housing market on track for a solid annual performance, which is anticipated to exceed 80,000 transactions this year.

Interest rates at historically low levels have positively impacted what was an already an affordable GTA housing market at the beginning of 2009. Improved sales increases in nearly all home price categories and housing types have been the result. Sales of low-rise dwellings, which includes single-detached, semi-detached and town houses, grew by 25 per cent compared to last year while high-rise condominium sales were up even more substantially, by 34 per cent over September 2008.

Interest rates though, are just one factor contributing to our city’s robust real estate market. Toronto welcomes nearly 100,000 newcomers to Canada each year, the majority of whom eventually purchase a home. Given that the United Nations’ Human Development Index, which measures health, knowledge and standard of living, ranks Canada fourth in the world behind Norway, Australia and Iceland, it’s safe to say that immigration will continue to positively impact our housing market in the foreseeable future. Don’t forget, the GTA is the single greatest beneficiary of immigration into Canada.

Newcomers to Canada however, represent only part of the substantial first-time homebuyer contingent. The children of baby boomers, known as the echo generation are making their own contribution to housing demand. Meanwhile, as the latter part of the baby boom generation transitions into an empty nest lifestyle, they will continue to make housing choices that reflect this change.

While the long-term picture is very bright indeed and the resurgence in the GTA real estate market is encouraging, it’s important to note that current market statistics are being compared to those of a year ago, when the global economic crisis dampened activity considerably. For the next few months, increases will appear substantial when compared to figures from the latter part of 2008. Further, the current economic picture is still far from perfect. Statistics Canada reported that the August unemployment rate for the Toronto Census Metropolitan Area was 10.1 per cent.

The best news though, is that it’s estimated every one of the 8,196 transactions that took place in September will pump more than $47,000 into the economy in spin-off spending on goods and services like financial and legal services, moving, renovations and home furnishings.

There’s no doubt that our city’s passion for homes will help the Greater Toronto Area’s broader economy move further toward recovery in the months ahead.

Home inspections: good for buyers and sellers

A home inspection is an important aspect of the process of buying or selling a home. Although not a warranty or guarantee, it does allow for an independent third party to give an assessment of the current condition of a property. This in turn assists the seller in establishing their home’s fair market value, and it may help avoid any surprise problems for the buyer.


A professional home inspector is familiar with the many systems of a house. His/her inspection covers everything from the foundation to the roof. Heating/cooling, plumbing and electrical systems are all a part of an inspector’s examination. Floors, walls, ceilings and windows also come under close scrutiny. Also checked are attics, basements, roofs/chimneys and foundations. A home inspector will not “grade” a home in a pass/fail sense, but will give detailed information about its physical condition and will identify what may need to be replaced or repaired.

If you are a home buyer, it’s suggested that you attend the home inspection. Having the home inspector at your disposal gives you an opportunity to ask direct questions about the house and to discuss any potential problems. Your interaction with the home inspector should help to make the written report easier to understand.

It is also recommended buyers include a home inspection contingency in their purchase agreement. Should the inspection uncover any major problems, you can then re-work the terms of the purchase, e.g. sale price and/or the seller covering the cost of repairs. If the seller is unwilling to re-negotiate the terms, the buyer may withdraw their offer.

A home inspection is a costly venture, ranging anywhere from $300 to $600. However, in terms of the large expense of a house purchase, it is minimal. A home sale can be transacted that gives both buyer and seller a realistic view of the condition of a house and peace of mind that an honest and fair exchange has been made.

TALK BACK: Tell us about your experience getting a home inspection - was it helpful? Was it worth it? Post your comments below.

‘DELAYED START’ IN CANADIAN REAL ESTATE MARKET AND UNDERSUPPLY LEAD TO PERCEIVED HOUSING BOOM

Lag in seasonal sales cycle brought on by the recession, coupled with undersupply, creates illusion that market is booming

TORONTO, October 8, 2009 – Canada’s housing market is on the road to recovery but is experiencing a pronounced undersupply of homes for sale in southern Ontario and other regions of the country, according to the Royal LePage House Price Survey. With the recession retreating, the report found that home prices are stabilizing and unit sales are increasingly driven by improved affordability.

The market’s strong showing in the third quarter has led some commentators to refer to the current conditions as the beginning of a real estate boom. Royal LePage cautions that the increase in sales activity and firming of house prices are the product of a normal market correction and not the beginning of another aggressive expansionary cycle.

“The 2009 real estate market has seen sales activity lagging approximately one month behind the typical seasonal patterns,” said Phil Soper, president and chief executive, Royal LePage Real Estate Services. “The economic recession halted the flow of the real estate cycle from the fourth quarter of 2008 through the first quarter of 2009, but it is essentially now back on track albeit delayed. Once housing supply returns to normal levels, we believe the economy will support modest pricing growth into 2010.”

On the Lighter Side

"I am always doing things I can't do, that's how I get to do them." - Pablo Picasso

"Character is the result of two things: mental attitude and the way we spend our time." - Elbert Hubbard

"My philosophy of life is that if we make up our mind what we are going to make of our lives, then work hard toward that goal, we never lose - somehow we win out." - Ronald Reagan


"When you believe you can-you can!" - Maxwell Maltz


"When you have a number of disagreeable duties to perform, always do the most disagreeable first." - Josiah Quincy

"Never look down to test the ground before taking your next step; only he who keeps his eye fixed on the far horizon will find the right road." - Dag Hammarskjöld


"Holding on to anger is like grasping a hot coal with the intent of throwing it at someone else; you are the one who gets burned." - Buddha

"There are two ways to look at life and the world. We can see the good or the bad, the beautiful or the ugly. Both are there, and what we focus on and choose to see is what brings us feelings of joy or feelings of despair." - Lloyd Newell

Anybody who believes in something without reservation believes that this thing is right and should be, has the stamina to meet obstacles and overcome them. - Golda Meir

Fall Preventive Home Maintenace

Evestroughs & Downspouts

Clean our eastroughs and downspouts frequently throughout fall to prevent build up of leaves and other debris. Neglected evestroughs can lead to wood rot problems and pest infestations, not to mention ruined evestroughs. Be sure water is not coming down behind eavestroughs and that all support brackets are securely in place. Ensure that water drains properly and doesn't pool. Pooling can cause damage to foundations, driveways, and walkways.

Windows and Doors

Change summer screens to cool weather storm windows and doors if applicable.
Inspect and repair any loose or damaged window or door frames.

Install weather stripping or caulking around windows and doors to prevent drafts and to lower heating bills.

Heating Systems

Replace the filter in your furnace. Consider having a heating professional check your heating system to ensure optimal performance and discover minor problems before they turn into costly major repairs. Clean your ducts to better your heating system's efficiency as well as to reduce household dust and to provide relief to those with respiratory problems.

Plumbing

To prevent pipes freezing and bursting, ensure that the pipes are well insulated. Know how to locate and turn off the water shut-off valve to your home in case the pipes do freeze or leak.

Chimney and Fireplace

Call a professional in to inspect and clean your chimney. Fireplaces that are regularly used during the season should have an annual cleaning to prevent dangerous chimney fires. Test your fireplace flue for a tight seal when closed.

Attic Ventilation
Be sure attic insulation doesn't cover vents in the eaves to prevent winter ice dams on the roof. Be sure ridge vents and vents at eaves are free of plants and debris. Check bird and rodent screens for attic vents to prevent any unwanted guests.

Landscape & Yardwork

Although grass appears to stop growing in the fall, the roots are actually growing deeper to prepare for winter. Now is the best time to fertilize and reseed your lawn. Prune your trees and shrubs after the leaves turn to encourage healthy growth. Trim any tree limbs that are dangerously close to power lines or the roof of your house. Heavy snow and ice can cause damage in the winter.

Real Estate Toronto September Update 2009

In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008.

The average price for September transactions was $406,877 – up by 10 per cent compared to the same month last year.

Energy report: Calgary firm lands wind farm project CT

Energy report: Calgary firm lands wind farm project CT

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Preparing Your Home for Sale

If you want to maximize the value of your home when you sell, you will need to put energy into preparing your home for the market.

Depending on how much time you have spent on keeping the property in top shape, there will be a varying number of things needed to make your home show its best.

Here is a to do list for the inside of your home that will help make the sale happen quickly and help you get the best value too.

1. Floor coverings should be free of stains, scratches and excessive wear.

2. Walls and ceilings should be free of stains, holes, mildew, cracks, water damage and nail pops. Neutral colors are best for attracting buyers.

3. Doors should all function properly, be free of squeaks and stains and have working handles and latches.

4. Windows should have clean unbroken glass, be operationally and free of mildew, with all locks and screens in good working order.

5. Window coverings should be free of dirt or stains, excessive sun damage or wear and should open and close properly.

6. Lights should have all bulbs working, with no exposed wires. Soft light bulbs are easier on the eyes and help make the home appealing.

7. Closets should be organized neatly with excessive junk removed, not over packed with old worn clothing and there should be minimal footwear visible.

8. Kitchens should be sparkling clean, counter tops organized, sinks free of cracks, faucets working properly, cupboards organized, all appliances working and stain free.

9. Bathrooms need to be spotless; well organized with fresh soap, the tub and shower sparkling, faucets working and clean, fresh towels hanging, toilet working and clean, closets organized, medicine cabinet cleaned, personal items removed and counter tops free of clutter.

10. Other rooms such as living room, dining room and bedrooms should be cleaned, organized and uncluttered.

11. Basement, furnace room, garage and storage rooms should be organized, have the junk removed, and all small items boxed. Dust and dirt should be removed and remaining items stacked neatly.

Buyers prefer a home that looks clean, is fully functional and is in the best location.

While we can’t do much about the location of our home, we can make sure the other items are looked after.

These things help contribute to the home selling quickly and they improve the possibility of receiving the best value for it.

I haven’t talk about the outside here so on another day,
I will share a few things to do for the exterior of the property.

Toronto is a gateway for the World

WHAT SETS TORONTO APART FROM OTHER WORLD CITIES?

Diversity - Religion - Lifestyle...
Toronto is home to virtually all of the world's culture groups and is the city where more than 100 languages and dialects are spoken.

The Toronto area attracted over 100,000 international immigrants each year, between 2001 and 2005.
As well, 10,738 foreign students chose to study in Toronto originating from countries including South Korea, Japan, China and India.
(Source: The Monitor, Fall 2005 - Citizenship and Immigration Canada)

Recent Immigrants (%) to Toronto - Top Five countries of birth (2001):

China, 10.8; India 10.3; Philippines 6.9; Hong Kong 6.9; Sri Lanka 6.4

Top 15 languages (by mother tongue*) (2001):
(First language spoken at home and still understood by individual)

ENGLISH; ITALIAN; CHINESE (Mandarin, Cantonese or Hakka, not specified)
CANTONESE, PORTUGUESE, PUNJABI, SPANISH; POLISH;
TAGALOG (Pilipino/Filipino); TAMIL; FRENCH; URDU; GREEK; RUSSIAN; ARABIC...

Missing a little culture?
Want to meet the world's most dedicated, loyal, sports fans?
Want to learn a new language?
Want to taste delicious food from all over the world, within steps of your home?
In the mood for the theatre?
The ballet?
A little classical music?
Watch a live band? (Coldplay was great a couple of days ago...)

Want to visit some of our historical museums?

Historic gardens?

Want to celebrate the end of Summer at our yearly Canadian National Exhibition, right by the Lake?
(August 15-September 1)



Diversity - Religion - Lifestyle...
Toronto is home to virtually all of the world's culture groups and is the city where more than 100 languages and dialects are spoken.

The Toronto area attracted over 100,000 international immigrants each year, between 2001 and 2005.
As well, 10,738 foreign students chose to study in Toronto originating from countries including South Korea, Japan, China and India.
(Source: The Monitor, Fall 2005 - Citizenship and Immigration Canada)

Recent Immigrants (%) to Toronto - Top Five countries of birth (2001):

China, 10.8; India 10.3; Philippines 6.9; Hong Kong 6.9; Sri Lanka 6.4

Top 15 languages (by mother tongue*) (2001):
(First language spoken at home and still understood by individual)

ENGLISH; ITALIAN; CHINESE (Mandarin, Cantonese or Hakka, not specified)
CANTONESE, PORTUGUESE, PUNJABI, SPANISH; POLISH;
TAGALOG (Pilipino/Filipino); TAMIL; FRENCH; URDU; GREEK; RUSSIAN; ARABIC...

Missing a little culture?
Want to meet the world's most dedicated, loyal, sports fans?
Want to learn a new language?
Want to taste delicious food from all over the world, within steps of your home?
In the mood for the theatre?
The ballet?
A little classical music?
Watch a live band? (Coldplay was great a couple of days ago...)

Want to visit some of our historical museums?

Historic gardens?

Want to celebrate the end of Summer at our yearly Canadian National Exhibition, right by the Lake?
(August 15-September 1)

Toronto is a gateway for the World

Toronto is a gateway for the World.

WHAT SETS TORONTO APART FROM OTHER WORLD CITIES?
Toronto is a gateway for the World.

WHAT SETS TORONTO APART FROM OTHER WORLD CITIES?

Diversity - Religion - Lifestyle...
Toronto is home to virtually all of the world's culture groups and is the city where more than 100 languages and dialects are spoken.

The Toronto area attracted over 100,000 international immigrants each year, between 2001 and 2005.
As well, 10,738 foreign students chose to study in Toronto originating from countries including South Korea, Japan, China and India.
(Source: The Monitor, Fall 2005 - Citizenship and Immigration Canada)

Recent Immigrants (%) to Toronto - Top Five countries of birth (2001):

China, 10.8; India 10.3; Philippines 6.9; Hong Kong 6.9; Sri Lanka 6.4

Top 15 languages (by mother tongue*) (2001):
(First language spoken at home and still understood by individual)

ENGLISH; ITALIAN; CHINESE (Mandarin, Cantonese or Hakka, not specified)
CANTONESE, PORTUGUESE, PUNJABI, SPANISH; POLISH;
TAGALOG (Pilipino/Filipino); TAMIL; FRENCH; URDU; GREEK; RUSSIAN; ARABIC...

Missing a little culture?
Want to meet the world's most dedicated, loyal, sports fans?
Want to learn a new language?
Want to taste delicious food from all over the world, within steps of your home?
In the mood for the theatre?
The ballet?
A little classical music?
Watch a live band? (Coldplay was great a couple of days ago...)

Want to visit some of our historical museums?

Historic gardens?

Want to celebrate the end of Summer at our yearly Canadian National Exhibition, right by the Lake?
(August 15-September 1)



Diversity - Religion - Lifestyle...
Toronto is home to virtually all of the world's culture groups and is the city where more than 100 languages and dialects are spoken.

The Toronto area attracted over 100,000 international immigrants each year, between 2001 and 2005.
As well, 10,738 foreign students chose to study in Toronto originating from countries including South Korea, Japan, China and India.
(Source: The Monitor, Fall 2005 - Citizenship and Immigration Canada)

Recent Immigrants (%) to Toronto - Top Five countries of birth (2001):

China, 10.8; India 10.3; Philippines 6.9; Hong Kong 6.9; Sri Lanka 6.4

Top 15 languages (by mother tongue*) (2001):
(First language spoken at home and still understood by individual)

ENGLISH; ITALIAN; CHINESE (Mandarin, Cantonese or Hakka, not specified)
CANTONESE, PORTUGUESE, PUNJABI, SPANISH; POLISH;
TAGALOG (Pilipino/Filipino); TAMIL; FRENCH; URDU; GREEK; RUSSIAN; ARABIC...

Missing a little culture?
Want to meet the world's most dedicated, loyal, sports fans?
Want to learn a new language?
Want to taste delicious food from all over the world, within steps of your home?
In the mood for the theatre?
The ballet?
A little classical music?
Watch a live band? (Coldplay was great a couple of days ago...)

Want to visit some of our historical museums?

Historic gardens?

Want to celebrate the end of Summer at our yearly Canadian National Exhibition, right by the Lake?
(August 15-September 1)

You Reap What You Sow

The man slowly looked up. This was a woman clearly
accustomed to the finer things of life. Her coat was new. She looked like she had never missed a meal in her life. His first thought was that she wanted to make fun of him, like so many others had done before.

"Leave me alone," he growled... To his amazement, the woman continued standing. She was smiling -- her even white teeth displayed in dazzling rows.

"Are you hungry?" she asked.

"No," he answered sarcastically. "I've just come from dining with the president.. Now go away."

The woman's smile became even broader.


Suddenly the man felt a gentle hand under his arm. "What are you doing, lady?" the man asked angrily. "I said to leave me alone.


Just then a policeman came up. "Is there any problem, ma'am?" he asked..

"No problem here, officer," the woman answered. "I'm just trying to get this man to his feet. Will you help me?"

The officer scratched his head. "That's old Jack . He's been a fixture around here for a couple of years. What do you want with him?"

"See that cafeteria over there?" she asked.. "I'm going to get him something to eat and get him out of the cold for awhile."

"Are you crazy, lady?" the homeless man resisted. "I don't want to go in there!" Then he felt strong hands grab his other arm and lift him up.
"Let me go, officer. I didn't do anything.."

"This is a good deal for you, Jack ," the officer answered. "Don't blow it."
Finally, and with some difficulty, the woman and the police officer got Jack into the cafeteria and sat him at a table in a remote corner. It was the middle of the morning, so most of the breakfast crowd had already left and the lunch bunch had not yet arrived.

The manager strode across the cafeteria and stood by his table.
"What's going on here, officer?" he asked."What is all this, is this man in trouble?"

"This lady brought this man in here to be fed," the policeman answered.

"Not in here!" the manager replied angrily. "Having a person like that here is bad for business."

Old Jack smiled a toothless grin. "See, lady. I told you so. Now if you'll let me go. I didn't want to come here in the first place"


The woman turned to the cafeteria manager and smiled. "Sir, are you familiar with Eddy and Associates, the banking firm down the street?"


"Of course I am," the manager answered impatiently. "They hold their weekly meetings in one of my banquet rooms."

"And do you make a goodly amount of money providing food at these weekly meetings?"

"What business is that of yours?"

I, sir, am Penelope Eddy, president and CEO of the company."
"Oh.."

The woman smiled again... "I thought that might make a difference."
She glanced at the cop who was busy stifling a laugh. "Would you like to join us in a cup of coffee and a meal, officer?"

"No thanks, ma'am," the officer replied. "I'm on duty."
"Then, perhaps, a cup of coffee to go?"

"Yes, ma'am. That would be very nice."

The cafeteria manager turned on his heel. "I'll get your coffee for you right away, officer."

The officer watched him walk away. "You certainly put him in his place," he said.
"That was not my intent... Believe it or not, I have a reason for all this."


She sat down at the table across from her amazed dinner guest. She stared at him intently.

" Jack , do you remember me?"

Old Jack searched her face with his old, rheumy eyes. "I think so -- I mean you do look familiar."

"I'm a little older perhaps," she said. "Maybe I've even filled out more than in my younger days when you worked here, and I came through that very door, cold and hungry."

"Ma'am?" the officer said questioningly. He couldn't believe that such a magnificently turned out woman could ever have been hungry.

"I was just out of college," the woman began. "I had come to the city looking for a job, but I couldn't find anything. Finally I was down to my last few cents and had been kicked out of my apartment..
I walked the streets for days. It was February and I was cold and nearly starving. I saw this place and walked in on the off chance that I could get something to eat."

Jack lit up with a smile. "Now I remember," he said. "I was behind the serving counter. You came up and asked me if you could work for something to eat. I said that it was against company policy."

"I know," the woman continued. "Then you made me the biggest roast beef sandwich that I had ever seen, gave me a cup of coffee, and told me to go over to a corner table and enjoy it. I was afraid that you would get into trouble. Then, when I looked over and saw you put the price of my food in the cash register, I knew then that everything would be all right."

"So you started your own business?" Old Jack said.
"I got a job that very afternoon. I worked my way up. Eventually I started my own business that, with the help of God, prospered.."
She opened her purse and pulled out a business card. "When you are finished here, I want you to pay a visit to a Mr. Lyons. He's the personnel director of my company. I'll go talk to him now and I'm certain he'll find something for you to do around the office." She smiled. "I think he might even find the funds to give you a little advance so that you can buy some clothes and get a place to live until you get on your feet. If you ever need anything, my door is always open to you."

There were tears in the old man's eyes. "How can I ever thank you?" he asked.
"Don't thank me," the woman answered. "To God goes the glory.. He led me to you."

Outside the cafeteria, the officer and the woman paused at the entrance before going their separate ways.. "Thank you for all your help, officer," she said.

"On the contrary, Ms. Eddy," he answered. "Thank you. I saw a miracle today, something that I will never forget. And..And thank you for the coffee."

Have a Wonderful Day. May God Bless You Always and don't forget that when you "cast your bread upon the waters," you never know how it will be returned to you. God is so big He can cover the whole world with his Love and so small He can curl up inside your heart..


When God leads you to the edge of the cliff, trust Him fully and let go.
Only 1 of 2 things will happen; either He'll catch you when you fall, or He'll teach you how to fly!

The power of one sentence! God is going to shift things around for you today and let things work in your favor. If you believe, send it. If you don't believe, delete it.

God closes doors no man can open & God opens doors no man can close..
If you need God to open some doors for you...send this on.

Have a blessed day and remember to be a blessing....


"The Task Ahead of Me is Never as Great as the Power Behind Me!!"