Real Estate Terms
Bungalow
A one-story house, cottage, or cabin.
Condominium
A large property complex that is divided into individual units and sold. Ownership usually includes a non-exclusive interest in certain "common properties" controlled by the condominium management.
Close
The final procedure in a home sale in which documents are signed and recorded. This is the time when the ownership ...
Posted by Sukhwinder Bhaura
on March 28, 2013
GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES
TORONTO, March 5, 2013 – Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 – a decline of 15 per cent in comparison to February 2012. It should be noted that 2012 was a leap year with one extra day in February. A 28 day year-over-year sales comparison resulted in a lesser ...
Posted by Sukhwinder Bhaura
on March 9, 2013
Heating and cooling your home accounts for about 60% of your energy costs. Warm to these cool tips to make a big impact on your energy bill.
Tip:
Install ceiling fans and use them to supplement or even as an alternative to air conditioning - ceiling fans generally use very little electricity. Make sure your fan is blowing air downwards in summer.
Save More
Install ...
Posted by Sukhwinder Bhaura
on January 21, 2013
Renting vs. Home Ownership
This is a decision which many people face, and the decision is not as easy to make as it may sound.
As a homeowner, you can reasonably expect the equity in your home to increase over time as your mortgage is paid down. That, combined with regular appreciation in property values, can be a rapid and rewarding way to increase your net worth. In contrast, the person ...
Posted by Sukhwinder Bhaura
on January 21, 2013
Closing Costs
Closing costs are a list of charges your lawyer presents to you on the closing date of your home. Many people are surprised at the additional costs over and above the price of the home. According to the CMHC and Genworth Financial you should have at least 1.5% of the purchase price for closing costs in addition to the down payment (have around 2.5% to be on the safe side). ...
Posted by Sukhwinder Bhaura
on January 21, 2013
GTA REALTORS® Report Mid-Month Resale Housing Market Figures
TORONTO, August 16, 2012 – Greater Toronto Area REALTORS® reported 2,857 transactions through the TorontoMLS system during the first 14 days of August 2012. This mid-month result represented a dip of 7.6 per cent in comparison to 3,091 sales reported during the same period in 2011.
"A number of factors played into ...
Posted by Sukhwinder Bhaura
on August 30, 2012
GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES
TORONTO, August 3, 2012 – Greater Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The decline was most pronounced in the condominium apartment segment in the City of Toronto. Total sales in the rest of the Greater Toronto Area ...
Posted by Sukhwinder Bhaura
on August 30, 2012
GTA Commercial REALTORS® Report Commercial Market Figures
Toronto Real Estate Board (TREB) Commercial Division Members reported almost 440,000 square feet of leased commercial space through the TorontoMLS system in July 2012. This represented a 33 per cent decline compared to July 2011.
Year-over-year changes in average lease rates were mixed. Average industrial and office lease rates ...
Posted by Sukhwinder Bhaura
on August 30, 2012
GTA REALTORS® RELEASE MID-MONTH RESALE FIGURES
TORONTO, July 18, 2012 – Greater Toronto REALTORS® reported 3,679 sales through the first 14 days
of July 2012, representing a 5.6 per cent increase compared to the 3,484 sales reported for the same
period in 2011. New listings were up by 14.4 per cent over the same time frame.
“Housing demand remained strong in the first ...
Posted by Sukhwinder Bhaura
on July 18, 2012
The Art of Packing There is something uplifting about moving: a new home is a new beginning and packing becomes a purifying ritual, a time to decide what you will take and what you will leave. Packing for a move is the packrat's only true redemption. When else are they likely to discard, recycle or donate the mountains of clothes, unread magazines, and knickknacks? Packrat or not it can seem ...
Posted by Sukhwinder Bhaura
on July 15, 2012