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Key Interest Rate Likely to Stay Unchanged for 2013

Tuesday Sep 19th, 2017

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  And here's some good news for those looking to renew or apply for new mortgages this year:   The Bank of Canada lowered its growth forecast for 2013 today, keeping its benchmark interest rate steady at one per cent for the 19th consecutive time...."The slowdown in the second half of 2012 was more pronounced than the Bank had anticipated," the bank said in a statement posted on its website today.   In layman's terms, that's the bank's... [read more]

MPAC & Your Property

Tuesday Sep 19th, 2017

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As a homeowner you've probably received and looked over the official Municipal Property Assessment Corporation's valuation of your home.  In short, they value all municipal properties to arrive at a figure, or an assessed value, for which the individual municipalities calculate the property taxes for each individual property in their jurisdiction.   It comes down to what they say your home is worth and how much you will be paying in property taxes based on that... [read more]

Slow & Steady Wins the Race. There Will no be Surprises this Spring...

Tuesday Sep 19th, 2017

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I've been calling this for a while now folks, despite some interesting yet skewed TREB statistics reporting increases in sales over the Christmas period.   Flaherty has achieved his wish and that was to slow the market.  Sounds bad, but really, overall, it's a good thing.  His goal, which really has major economic impact, is to keep Canadians from over extending themselves and buying homes they cannot afford by tightening the lending rules.  By tightening... [read more]

Scrap the Toronto LTT, Not Cap the Toronto LTT

Tuesday Sep 19th, 2017

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  TORONTO, March 20, 2013 -- In light of a proposal to cap the Toronto Land Transfer Tax, being considered by the City of Toronto’s Executive Committee today, the Toronto Real Estate Board (TREB) is restating its strong belief that this tax should be phased-out.   “The Toronto Land Transfer Tax should be scrapped, not capped.  We are encouraged that the Executive Committee is considering action on the Land Transfer Tax, but, not only is capping not enough... [read more]

Bathrooms & Closets of luxury properties

Tuesday Sep 19th, 2017

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As a Realtor in the Greater Toronto Area, I have the privilege to be privy to some of the most luxurious homes on the market for sale.  I get to peak.   I am often marveled by the sheer opulence and wealth of the homes themselves.  As I examine the craftsmanship, the detail and the sheer size of individual rooms themselves, I close my eyes and sigh that my Powerball hasn't come in.  Until that day arrives,  I settle with the perk of being allowed to show, sell... [read more]

Toronto vs Mississauga - Apples to Apples

Tuesday Sep 19th, 2017

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According to recent statistics, the average price of the Canadian home is now a whopping $640 000.00  -- bordering if not surpassing on the unaffordable for the average family; yet the markets remain hot, hot, hot.   In the GTA, clients are often adamant on location, location, location - never considering what their dollar will get them if they peak outside the box for just a moment.  Often, I've client's give me amazing wish lists, price... [read more]

Don't let your castle be disrespected

Tuesday Sep 19th, 2017

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On my daily trip to the dog park with my crazy Mexican Mutt rescue (oh he's a wild one!) I was listening to a fellow Dog Owner/Lover lament about real estate agents.  Obviously when people talk about agents, I'm curious and interested, so I put on my listening ears.   At the park, I'm simply, 'Nicole, Barney Rubble's Human' (Barney is my dog).  I don't advertise in casual conversation while playing with my dog what I do, it feels to pushy in such a... [read more]

Before you renovate

Tuesday Sep 19th, 2017

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Ah the February Freeze is on.  When Winter seems like it's never going to end, the days are a touch longer, teasing us with sunshine that lies about the warmth outside.   It's usually right around this time of year homeowners begin discussing and considering major Home changes.  Whether it's selling (Is now the right time?  Can I continue to maintain my property? Do I want to downsize? Is it time to upgrade) - those kinds of thoughts, or, they look around... [read more]

You're fired!

Tuesday Sep 19th, 2017

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It’s probably odd to think that a Real Estate Agent will headline their blog with ‘You’re Fired’ and expect to be taken seriously, but I am.  Actually, since I work with a partner, I should say, rather, ‘Fire Us’. Did you know you could?  Fire your real estate agent?  It’s not something we advertise – though I don’t know why not because you can and you should be told.  It’s that simple.  Realtors... [read more]

GTA Real Estate Mash Up

Tuesday Sep 19th, 2017

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Latest Headlines 1. Reported by the Canadian Press Wed. March 19: Loonie lower, Bank of Canada chief says interest rate cut can't be ruled out 2. Reported by Globe & Mail Tues. March 18: First-time home buyers’ average budget rises to $316,000: BMO 3. Reported by the Toronto Star Wed. March 19:  Real estate association trims 2014 home sales forecast as year off to slow start   Taken all togethor it... [read more]

The Ad Game

Tuesday Sep 19th, 2017

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I work with Buyers in all price ranges and am always faced with unique challenges.  Every range has its own.  The Ad Game is designed to make me look bad to my Buyers and make it seem like I am hiding something, which, trust me, I am not.  I really and truly want to find you that property in that lower budget as much as you do and with your specifications it can be a challenge but one I willingly accept, so trust me when I tell you to ignore the Ads. It’s a... [read more]

The Real Estate Agent: How do you Choose?

Tuesday Sep 19th, 2017

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Your home or your purchase is possibly going to be the single greatest purchase or sale you make.  Trusting that kind of money to someone is a big deal and should be treated as such. It’s that simple. First: Talk to a few Agents, there’s many of us and like with any purchase you want to compare.  See who’s right for you. Who’s listening to YOUR needs and who understands what YOU want to do, where you want to go and how much you want to spend.  The... [read more]

GTA Real Estate: Bubble, Bust or Buy?

Tuesday Sep 19th, 2017

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With the amount of information circulating it's hard to predict just what our Real Estate market here in the GTA is going to do or how we're going to end up.  Many of my clients say that it feels like a scary time in real estate.  Do I sell? Do I rent? Do I buy? Can I even get a mortgage with the new rules in place?   The best time to make a decision is when you are informed, prepared and have a plan.  Here's some information... Take a look at this as... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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