- Residential home sales in the Greater Toronto Area surged 30% in September 2013 compared to September 2012, with double-digit sales volume increases across all housing segments. This continued pent-up demand following stricter mortgage rules introduced in 2012.
- The average home price in the GTA rose 6% year-over-year in September 2013. Price growth varied by housing segment, with single-detached homes seeing an 8% increase. Overall price growth has remained above inflation despite some monthly volatility in the condo market.
- Strong demand for ground-oriented homes coupled with limited housing supply contributed to ongoing price increases in September.
James Metcalfe's Real Estate Update August 2012James Metcalfe
In the August 2012 Real Estate Update July home prices were on the rise and basement apartment legalities were in question. Mold can be a major issue in homes, so we have provided some helpful tips on how to identify it, how it's growth is affected and what exactly it is.
James Metcalfe's November Real Estate UpdateJames Metcalfe
This month we saw a 6% rise in the average cost of homes in the GTA. Also we look at status certificates and some important tips on evaluating adjustable rate mortgages. The ever popular pearls of wisdom also return
Resale volume sees a slight increase in April. This month learn about a new research tool and how to design a kitchen. Also, as always the ever popular pearls of wisdom return.
Discover Montgomery, AL apartments and homes for rent near you. That is why when you search for apartment rentals in Montgomery you should begin with www.centralparkmontgomery.com
James Metcalfe's Real Estate Update August 2012James Metcalfe
In the August 2012 Real Estate Update July home prices were on the rise and basement apartment legalities were in question. Mold can be a major issue in homes, so we have provided some helpful tips on how to identify it, how it's growth is affected and what exactly it is.
James Metcalfe's November Real Estate UpdateJames Metcalfe
This month we saw a 6% rise in the average cost of homes in the GTA. Also we look at status certificates and some important tips on evaluating adjustable rate mortgages. The ever popular pearls of wisdom also return
Resale volume sees a slight increase in April. This month learn about a new research tool and how to design a kitchen. Also, as always the ever popular pearls of wisdom return.
Discover Montgomery, AL apartments and homes for rent near you. That is why when you search for apartment rentals in Montgomery you should begin with www.centralparkmontgomery.com
Binäre Optionen werden immer beliebter. Aber was benötigt man dazu, worauf ist zu achten und wie geht der Handel vonstatten? Der Handel in 5 Schritten erklärt
TSG Realty under the leadership of Raul Sanchez De Varona operates four distinct divisions –Leasing Division, Retail Divisions, Acquisitions Division and Sales Division.
TSG - A premiere real estate investment and development company in Miamiraulsanchezvarona
Since the very inception of TSG, Raul Sanchez De Varona has consistently employed innovative techniques and unique strategies to maximize the returns and efficiency of real estate assets.
Binäre Optionen werden immer beliebter. Aber was benötigt man dazu, worauf ist zu achten und wie geht der Handel vonstatten? Der Handel in 5 Schritten erklärt
TSG Realty under the leadership of Raul Sanchez De Varona operates four distinct divisions –Leasing Division, Retail Divisions, Acquisitions Division and Sales Division.
TSG - A premiere real estate investment and development company in Miamiraulsanchezvarona
Since the very inception of TSG, Raul Sanchez De Varona has consistently employed innovative techniques and unique strategies to maximize the returns and efficiency of real estate assets.
9 Obtaining Affordable HousingYOU MUST BE KIDDING, RIGHTKel.docxfredharris32
9 Obtaining Affordable Housing
YOU MUST BE KIDDING, RIGHT?
Kelvin Lattimore bought a new home and borrowed $230,000 at 4.75 percent interest for 30 years. His monthly payment for interest and principal will be $1200. A friend suggested that Kelvin should have been able to find a loan at 4.5 percent with a monthly payment of $1165. Kelvin dismissed his friend's comments, arguing that the difference in the monthly payments was no big deal. His friend replied, “Kelvin, it's not the monthly payment, it's the interest.” How much more in interest will Kelvin pay over the life of the loan because he took a loan with the higher rate?
A. $3600
B. $6600
C. $9600
D. $12,600
The answer is D. Kelvin will be making a higher payment each and every month for 30 years. While the difference in the monthly payment seems small [$35 ($1200 − $1165) per month in this example], even such a little difference in the interest rates on mortgage loans can add up to thousands of dollars in extra interest over the life of the loan. Searching for the lowest possible interest rate is very important when buying a home!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Decide whether renting or owning your home is better for you.
Explain the up-front and monthly costs of buying a home.
Describe the steps in the home-buying process.
Understand the mathematics of mortgage loans and distinguish among ways of financing the purchase of a home.
Identify some key considerations when selling a home.
WHAT DO YOU RECOMMEND?
Shelby Clark has worked for a major consumer electronics retailer since graduating from college. The company has operations across the country with regional headquarters in Atlanta, Denver, Minneapolis, and Boston. She has been based in the Atlanta area for the past three years, and has begun to think about buying a home rather than renting her townhouse apartment. Then, last month, Shelby was promoted to deputy regional director for the Denver office. The promotion represents a key step for becoming a regional director in four or five years.
What do you recommend to Shelby on the subject of buying a home regarding:
1. Buying or renting housing in the Denver area?
2. Steps she should take prior to actively looking at homes?
3. Finding a home and negotiating the purchase?
4. The closing process in home buying?
5. Selecting a type of mortgage to fit her needs?
6. Things to consider regarding the sale of her new home should she ultimately be promoted to a position in another of the four regions?
YOUR NEXT FIVE YEARS
In the next five years, you can start achieving financial success by doing the following related to obtaining affordable housing:
1.Read your leases and other real estate contracts thoroughly before signing.
2.Save the money for a home down payment within a tax-sheltered Roth IRA account.
3.Get your finances in order before shopping for a new home by reducing debt, budgeting better, and clearing up anything that keeps you from h.
9 Obtaining Affordable HousingYOU MUST BE KIDDING, RIGHTKel.docxblondellchancy
9 Obtaining Affordable Housing
YOU MUST BE KIDDING, RIGHT?
Kelvin Lattimore bought a new home and borrowed $230,000 at 4.75 percent interest for 30 years. His monthly payment for interest and principal will be $1200. A friend suggested that Kelvin should have been able to find a loan at 4.5 percent with a monthly payment of $1165. Kelvin dismissed his friend's comments, arguing that the difference in the monthly payments was no big deal. His friend replied, “Kelvin, it's not the monthly payment, it's the interest.” How much more in interest will Kelvin pay over the life of the loan because he took a loan with the higher rate?
A. $3600
B. $6600
C. $9600
D. $12,600
The answer is D. Kelvin will be making a higher payment each and every month for 30 years. While the difference in the monthly payment seems small [$35 ($1200 − $1165) per month in this example], even such a little difference in the interest rates on mortgage loans can add up to thousands of dollars in extra interest over the life of the loan. Searching for the lowest possible interest rate is very important when buying a home!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Decide whether renting or owning your home is better for you.
Explain the up-front and monthly costs of buying a home.
Describe the steps in the home-buying process.
Understand the mathematics of mortgage loans and distinguish among ways of financing the purchase of a home.
Identify some key considerations when selling a home.
WHAT DO YOU RECOMMEND?
Shelby Clark has worked for a major consumer electronics retailer since graduating from college. The company has operations across the country with regional headquarters in Atlanta, Denver, Minneapolis, and Boston. She has been based in the Atlanta area for the past three years, and has begun to think about buying a home rather than renting her townhouse apartment. Then, last month, Shelby was promoted to deputy regional director for the Denver office. The promotion represents a key step for becoming a regional director in four or five years.
What do you recommend to Shelby on the subject of buying a home regarding:
1. Buying or renting housing in the Denver area?
2. Steps she should take prior to actively looking at homes?
3. Finding a home and negotiating the purchase?
4. The closing process in home buying?
5. Selecting a type of mortgage to fit her needs?
6. Things to consider regarding the sale of her new home should she ultimately be promoted to a position in another of the four regions?
YOUR NEXT FIVE YEARS
In the next five years, you can start achieving financial success by doing the following related to obtaining affordable housing:
1.Read your leases and other real estate contracts thoroughly before signing.
2.Save the money for a home down payment within a tax-sheltered Roth IRA account.
3.Get your finances in order before shopping for a new home by reducing debt, budgeting better, and clearing up anything that keeps you from h ...
Home Prices Up - Unit Sales Down August 2010 vs 2009
The average price for August transactions was $411,012 – up six per cent compared to the average of $387,921 reported in August 2009.
Visit www.OurHomeToronto.com to review actual listing prices and offerings.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
James Metcalfe's Toronto Real Estate Update Oct 2013
1. REAL ESTATE UPDATE
OCTOBER 2013
VOLUME, PRICES SURGE IN SEPTEMBER
Greater Toronto REALTORS® reported 7
,411 residential sales
through the TorontoMLS system in September - a whopping
30% increase versus September 2012 sales of 5,687 units.
Double digit volume increases occurred across all four key
market segments: single-detached (+34%), semi-detached
(+20%), townhomes (+31%) and condo apartments (+29%).
This is the third consecutive month of double digit volume
growth and demonstrates that the pent-up demand which
had built up over a one year period following the July 2012
introduction of stricter mortgage lending criteria is now being
satisfied in earnest. The bottom line is that home ownership
remains highly affordable given the current mix of prices,
interest rates, incomes and lending criteria guidelines.
The average price of a GTA resale home in September was
$533,797 - a healthy 6% increase versus the September
2012 average price of $501,326. Price growth varied by market
segment: single-detached (+8%), semi-detached (+2%),
townhomes (+10%) and condo apartments (-2%). In addition,
the MLS® Home Price Index composite benchmark (which
factors out price changes based on sales mix) was up by
4% on a year-over-year basis. The price growth story in
September continued to be about strong demand for lowrise home types, coupled with a short supply of listings. Even
with moderately lower price growth and the month-to-month
volatility of the condo apartment market, overall price growth
has remained well above the rate of inflation.
GTA AVERAGE RESALE PRICE
GTA RESALE HOME SALES
12,000
2011
2012
2013
$560,000
10,500
9,000
$480,000
4,500
$460,000
3,000
2013
$500,000
6,000
2012
$520,000
7,500
2011
$540,000
$440,000
$420,000
1,500
JAN
MAR
MA
Y
JU
L
SP
E
NO
V
JAN
MAR
MA
Y
JU
L
SP
E
NO
V
for more detailed GTA statistics: JAMESMETCALFE.INFO
James Metcalfe
416-931-4161
w w w.OurHomeT
oronto.com
BROKER
Royal LePage Real Estate Services Ltd.
Johnston & Daniel Division, Brokerage
477 Mount Pleasant Rd., Toronto, ON M4S 2L9
| Service@OurHomeT
oronto.com
1
2. CONDO
CORNER
OPPRESSIVE BEHAVIOUR — DO WE HAVE A SOLUTION?
There is a big difference between a neighbour w ho might be irritating
In a preliminary matter, M s. Korolekh’s law yers attempted to convince
and a neighbour w hose behaviour is so overw helming or oppressive
the Court that the issue(s) were required to be mediated pursuant to
that the entire condominium community is held hostage.
Sections 132 and 134 of the Act). The Court held that an application
Over the past ten years, there have been several reported Ontario
for compliance w ith the Act does not have to be firstly mediated.
Court Applications by condominium corporations attempting to
The Judge went over the affidavit materials and the cross examination
restrict or deal w ith very difficult ow ners.
of same. By the time the case was before the Judge, over a year had
In the recent case of M etropolitan Toronto Condominium Corporation
been spent in legal steps.
No. 747 v. Natalia Korolekh, the Ontario Court dealt w ith the problem
At the end of the hearing, the Judge decided that, in fact, Ms.
in a very decisive manner. This decision is important for several
Korolekh was clearly in breach of Section 117 of the Act but it was
reasons that w ill be set out in this article.
the consequence of this non compliance w hich is so interesting. The
M s. Korolekh ow ned a condominium unit in a two level complex
Judge ordered that:
in the Y
onge and Bay Street area of downtown Toronto. It was a
1 . M s. Korolekh must list and sell her unit w ithin three months after
courtyard type of development. M s. Korolekh also owned a large
the order;
Rottweiler dog that was not always kept on a leash.
2 . M s. Korolekh must not purchase, lease or reside in any other unit
The affidavit
w ithin the condominium corporation;
evidence by the condominium corporation was
considerable and was certainly accepted by the Judge as being
3.In the meantime, M s. Korolekh must comply w ith the Act as well
truthful.
as the condominium declaration, bylaw s and rules and was restrained
For a period of over two years, Ms. Korolekh subjected the
condominium residents and their guests to a consistent steam of
harassment, racial slurs, obscene remarks and threats. M s. Korolekh
apparently was often intoxicated and would allow her dog to roam
freely throughout the courtyard area w ithout a leash. She would also
hold the dog on its leash and taunt the residents w ith threats that
she would release the dog and direct it to attack the resident(s).
After over a year of this type of behaviour, the condominium
corporation instructed its law yer to w rite a letter advising that the
dog had been declared a nuisance and had to be removed w ithin a
two-week period as provided in the corporation’s bylaw s. This was
ignored.
from assaulting, threatening, using profane racist or homophobic
language and committing any acts of mischief in relation to any
residents of the condominium corporation or their property;
4 . M s. Korolekh must remove her dog from her unit and common
elements w ithin ten days after the order;
5.Non compliance w ith the order could be enforced by the
condominium corporation immediately;
M s. Korolekh had to pay the condominium corporation’s legal costs
of $35,000 w ithin thirty days after the order.
The good new s about the Korolekh case is that it establishes a further
precedent for the Ontario Courts to deal w ith oppressive and abusive
behavior in a very decisive manner. No longer is a person’s home
his/her “ castle”. With the right evidence, the Courts will order the
Ultimately, the condominium corporation brought an application
pursuant to Section 134 of the Condominium Act, 1998 (the “Act” )
for a compliance order requiring M s. Korolekh to comply w ith Section
117 of the Act (No person shall permit a condition or activity to exist
in a unit or on the common elements if such condition or activity is
likely to damage the property or cause injury to an individual).
home sold and the offending ow ner removed from the condominium
complex.
The bad new s is that condominium residents must still be subject
to extreme abuse for a considerable period of time before there
is enough evidence to convince a Court that there has been a
contravention of Section 117 of the Act and something must be done
to stop it.
2
This article was contributed by John D. Peart. John practices condominium law with the law firm Nelligan O’Brien Payne. Please visit them at nelligan.ca.
3. HOUSE
SMART
t
FALL FURNACE PRIM ER
The outside w inter air is cold and dry. The inside w inter air is dry.
Our chapped lips, dry skin and static zaps from doorknobs remind us
What do I do?
If you have a drum style unit, the tray of sitting water is your nemesis.
of that all season long. Homes like the dry environment, but dry air
Ponding water w ill cause scale build-up and bacterial grow th. Every
makes people uncomfortable. While an ideal humidity for homes can
spring, the water supply pipe valve should be turned off, the tray and
be as low as 5% , people prefer about 60% humidity. And because
sponge should be cleaned, and the humidistat should be set to OFF
.
people are more powerful than homes, we add humidifiers to have
In the fall, turn on the water valve, and set the humidistat to 35% .
it our way.
We recommend a mid-w inter cleaning as well.
Do I need a humidifier?
If your house is new, you may not have a humidifier. Y may not
ou
If you have a cascade style unit, turn off the water supply and turn
need one because the foundation and wood framing are still drying
and soak the pad in de-scaling solution. If it is damaged or too
out, releasing moisture into the air. Also, new houses are “ tight”,
clogged to clean, the pad can be replaced. Once the pad is back in
w hich means the air w ithin them hangs around for a w hile before
place, the water supply pipe valve can be turned back on, and the
being replaced by dry exterior air. It hangs around long enough to
humidistat set to 35% . This unit w ill not need cleaning again until
pick up moisture from things like showers, cooking, drying clothes
next year.
and breathing. By comparison, old houses are drafty. Cold, dry air is
creeping in all the time, drying out the home as it flushes the warm
How much is too much?
As we said, people like about 60% relative humidity. Unfortunately,
moist air out.
houses have a hard time coping w ith this in cold weather. Too little
Do I have one?
If there is a small box like the one in the picture hanging from the
humidity makes people feel uncomfortable. Too much can cause
furnace or ductwork beside the furnace w ith a small electrical w ire
cool surfaces. What confuses many people is that as the weather
and a small water hose attached, then YES. Y may also see the
ou
gets colder, we have to LOWER the humidistat setting, even though
humidistat, a dial that looks like the thermostat but is used to control
we want to raise it. This is because the colder it is outside, the easier
the humidity level, and is often mounted to the basement ductwork.
it is for condensation to form on cool surfaces like window s. We can
A drum type humidifier has a tray of water w ith a sponge barrel or
reduce condensation by lowering the interior humidity level.
the humidistat to OFF in the spring. Before use in the fall, remove
condensation, mould, mildew, and rot as the warm moist air hits
drum rotating through it. The tray is kept full with a float switch,
w hich allow s water from the house plumbing to enter the tray w hen
the water level drops. When the humidistat is turned up or the
humidity level drops, a small electric motor rotates the sponge drum
through the tray, absorbing water. Some of the air moving through
the ductwork blow s across the sponge, picking up moisture. This
moist air moves through the ducts and into the rooms.
Cascade type humidifiers have no tray of water. A small electric
valve at the top controls the water supply to the humidifier. When
the humidistat calls for water, the valve opens, trickling water dow n
a honeycomb-like metal pad. Air blow s across the pad, picking up
moisture. Excess water is drained through a hose to a floor drain,
laundry tub, or condensate pump.
Keeping an eye on the amount of condensation on your w indow s
is another great way to gauge your house humidity level. Y can
ou
also track things w ith a room temperature and humidity monitor,
available at hardware and building supply stores.
This article was contributed by Carson Dunlop Boulevard, a leading home inspection company. Please visit them at www.boulevardinspection.com
3