There is a spot of good news on the horizon for the US housing market, according to new data released by the National Association of Realtors.
Pending home sales rose in November and marked the highest levels reported in the last 19 months. The Pending Home Sales Index rose by 7.3%. The only other time that the index has been at these levels over the past 19 months, was when homebuyers rushed ...
Posted by Sherif Nathoo
on March 1, 2012
House sales have softened across the country — Toronto included — although the average price of a home in the GTA continued to edge closer to $500,000 in January.
Sales activity was down in over half of Canada’s housing markets, led by an almost 3 per cent decline in sales across the GTA when adjusted for seasonal fluctuations, according to January housing statistics released Wednesday ...
Posted by Sherif Nathoo
on March 1, 2012
Melissa Hart is ranting. And what she has to say is both hilarious and heartbreaking for anyone who just wants what their parents and their grandparents had.
A house.
For three weeks now the 30-year-old Toronto woman has been venting online and she has a fast-growing following — house hunters, and even realtors, who agree with her frank assessments of “Ridiculous Toronto Real Estate” ...
Posted by Sherif Nathoo
on March 1, 2012
Many different views have been clouding positive observations on current Toronto real estate market activities. Indeed, many people have expressed concern over how long the real estate currency will keep up, citing the likelihood of a real estate drop similar to the one that the US endured not long ago.
One main cause for these concerns is that Toronto real estate listings may have been unscrupulously ...
Posted by Sherif Nathoo
on March 1, 2012
Among the most popular questions that come up time and again are about trees on the boundary between houses or properties.
Who owns them? What are the rules about cutting branches or roots that extend onto your property? If you think a tree is dying, can you cut it down? If your neighbour’s tree falls onto your yard in a storm is it his responsibility to pay for the cleanup? Are there any ...
Posted by Sherif Nathoo
on February 28, 2012
According to a new poll released by RBC, RRSPs are becoming ever more popular, especially amongst the younger generation.
The 22nd Annual RBC RRSP Poll shows that 43% of Canadians between the ages of 18-34 are now RRSP holders, which represents a rise year-over-year.
Even though retirement is off far in the distance for this group, retirement savings is quickly moving ...
Posted by Sherif Nathoo
on February 27, 2012
My daughter Ariel lives in Ottawa in a 25-year old row house. She had an inspection before purchasing the house, but a hairline crack in the foundation was not discovered until after a sudden freeze and thaw last winter, she found water was pouring into her basement.
Her insurance company told her that water damage was not covered under her policy because repairing a crack is considered routine maintenance. ...
Posted by Sherif Nathoo
on February 27, 2012
Think you know Toronto? Lets see how much you know. We have gathered some interesting fun Toronto facts Toronto is Canada’s largest city and home to over 5.7 million people
Toronto is the capital city of the province of Ontario
Toronto is the largest financial centre in Canada.
There are 100 + languages spoken throughout the city of Toronto
Just over 30 per cent of Toronto residents ...
Posted by Sherif Nathoo
on February 24, 2012
If you still have not taken advantage of the ecoENERGY retrofit-Homes Program, don't worry there is still time!
products purchased on or after June 6,2011, and installed after a pre-retrofit evaluation are eligiable for an ecoENERGY Grant. funds are limited and all energy retrofits as well as the post-retrofit evaluations, must be completed before March 31,2012. So hurry up!
Posted by Sherif Nathoo
on February 22, 2012
Is it just me or is it insane that almost every day there is a new condo launch. Either I am doing something wrong or the Agents selling new condos off plan (pre-construction) know something I don't.
So hear me out for a sec..
Today you can buy a resale condo downtown at approximately $500 a sq.ft. If you are an investor you would need to put a min of 20% down to get financing. ...
Posted by Sherif Nathoo
on February 22, 2012