Hottest April on record for resale housing market Members of the Ottawa Real Estate Board sold 1,841 residential properties in April through the Board's Multiple Listing Service® system compared with 1,591 in April 2009, an increase of 15.7 per cent. Of those sales, 425 were in the condominium property class, while 1,416 were in the residential property class. The condominium property class ...
Posted by Szabolcs Pall
on May 5, 2010
With the introduction of HST in Ontario starting July 1st 2010, your real estate transaction will be effected in a number of ways. While you don't have to pay HST on resale homes, the services that you use may be HST taxable. Lawyer, home inspector, appraisal, survey and real estate fees are subject to the new HST. New home purchases are also subject to HST, but you may qualify for ...
Posted by Szabolcs Pall
on February 5, 2010
Here are 4 stats that make sense and every REALTOR® should be able to tell you right off the bat!
1) Days on Market. This information can be used to inform the customer how long homes are sitting on the market. The better you price the product, the faster you can expect to move it. Don't make the mistake of pricing too high, as the house will sit on the market and become stale. ...
Posted by Szabolcs Pall
on June 1, 2009
Did you know, that only 10% of agents attend the local MLS meeting on a regular basis? It's a great opportunity to preview up to 10 homes each week. I even find out about homes coming up for sale before they ever hit the market. My knowledge of the available housing inventory, and preview into where the market is heading, allows me to accurately price a home based not only on market ...
Posted by Szabolcs Pall
on May 1, 2009
What is HRTC? It's the Home Renovation Tax Credit that was proposed in the January 27th Federal Budget, that will provide for a 15% income tax credit on eligible home renovation expenditures, and is family based. Good between January 27th 2009 and February 1st 2010, it can be claimed for the 2009 taxation year on expenditures greater than $1,000, but no more than $10,000 and can provide ...
Posted by Szabolcs Pall
on April 10, 2009
A Home Energy Audit is something that is required before you begin making energy efficiency improvements to your home, if you plan on applying for Provincial and Federal rebates through the ecoENERGY program.
It's also something that could be mandatory in the coming months by the Ontario Government, as laid out in the Green Energy and Green Economy Act (Bill 150). Part of this Act could force ...
Posted by Szabolcs Pall
on April 10, 2009
Housing Information as provided by Canada Mortgage and Housing Corporation, for more information visit http://www.cmhc-schl.gc.ca/en/co/buho/seca/ware/ware_002.cfm Waterloo Region has a wide range of housing types and tenures to meet the needs of various housing sizes, characteristics and income ranges. House prices in Waterloo Region are relatively affordable, lower than in Toronto and the surrounding ...
Posted by Szabolcs Pall
on June 20, 2008