The document summarizes real estate market trends in the Toronto area in February 2012. It reports that the average home resale price exceeded $500,000 for the first time, an 11% increase from the previous year. Detached homes saw the largest annual price growth at 10%, while condo apartments grew 3%. Total home sales and new listings were both up over 16% and 11% respectively from February 2011. The document also discusses how smart meters can help homeowners save money on electricity bills by reducing usage during peak times.
This document summarizes and compares the rules for the homebuyer tax credit for purchases between January 1 and November 30, 2009 and those for purchases between November 7, 2009 and April 30, 2010. It outlines the amounts of the credit for first-time buyers and current homeowners, eligibility requirements, income limits, purchase price limits, rules around binding contracts, and documentation requirements to combat fraud.
The document summarizes changes to the homebuyer tax credit that were enacted in November 2009. It provides a table comparing the rules for the credit from January to November 2009 and from December 2009 to April 2010. Key changes include expanding the credit to current homeowners of $6,500, setting an income limit of $125,000 for singles and $225,000 for married filing jointly, and requiring documentation be attached to tax returns to prevent fraud. The modifications take effect when President Obama signs the bill.
The document summarizes changes to the homebuyer tax credit that were enacted in November 2009. It provides a table comparing the rules for the credit from January to November 2009 and from December 2009 to April 2010. Key changes include expanding the credit to current homeowners of $6,500, setting an income limit of $125,000 for singles and $225,000 for married filing jointly, and requiring documentation be attached to tax returns to prevent fraud. The modifications go into effect when President Obama signs the bill.
The document summarizes changes to the first-time homebuyer tax credit. It extends the $8,000 credit for first-time buyers and provides a new $6,500 credit for current homeowners purchasing a new home between November 2009 and April 2010. It increases the income limits for the credit and adds a $800,000 limit on the purchase price of eligible homes.
Mr. Glennon presented a document on budgeting that warns about the dangers of credit card debt, especially compound interest. It explains that while credit cards may seem like a way to get things now and pay later, the interest charges can quickly accumulate over time. Compound interest works by charging interest on both the principal amount borrowed and on previously accumulated interest, causing balances to grow rapidly. The document urges careful consideration of interest rates and repayment plans before taking on credit card debt.
The document analyzes rental market data from 2006-2010 to identify opportunities in the single-family home market. It finds that foreclosures and short sales led to over 60,000 distressed property transactions from 2010-2011, driving demand for single-family rentals. With over 95,000 prospective renters identified, renters will become buyers as they complete waiting periods for FHA loans. Strategically marketing to renters nearing the end of their lease terms provides agents opportunities to sell more homes to this future wave of buyers.
The document analyzes rental market data from 2006-2010 to identify opportunities in the single-family home market. It finds that foreclosures and short sales led to over 60,000 distressed property transactions from 2010-2011, driving demand for single-family rentals. With over 95,000 renters identified, many will be eligible to purchase again once waiting periods end and they improve their finances. Strategically marketing to renters nearing the end of their lease could identify many future homebuyers for agents.
This document summarizes and compares the rules for the homebuyer tax credit for purchases between January 1 and November 30, 2009 and those for purchases between November 7, 2009 and April 30, 2010. It outlines the amounts of the credit for first-time buyers and current homeowners, eligibility requirements, income limits, purchase price limits, rules around binding contracts, and documentation requirements to combat fraud.
The document summarizes changes to the homebuyer tax credit that were enacted in November 2009. It provides a table comparing the rules for the credit from January to November 2009 and from December 2009 to April 2010. Key changes include expanding the credit to current homeowners of $6,500, setting an income limit of $125,000 for singles and $225,000 for married filing jointly, and requiring documentation be attached to tax returns to prevent fraud. The modifications take effect when President Obama signs the bill.
The document summarizes changes to the homebuyer tax credit that were enacted in November 2009. It provides a table comparing the rules for the credit from January to November 2009 and from December 2009 to April 2010. Key changes include expanding the credit to current homeowners of $6,500, setting an income limit of $125,000 for singles and $225,000 for married filing jointly, and requiring documentation be attached to tax returns to prevent fraud. The modifications go into effect when President Obama signs the bill.
The document summarizes changes to the first-time homebuyer tax credit. It extends the $8,000 credit for first-time buyers and provides a new $6,500 credit for current homeowners purchasing a new home between November 2009 and April 2010. It increases the income limits for the credit and adds a $800,000 limit on the purchase price of eligible homes.
Mr. Glennon presented a document on budgeting that warns about the dangers of credit card debt, especially compound interest. It explains that while credit cards may seem like a way to get things now and pay later, the interest charges can quickly accumulate over time. Compound interest works by charging interest on both the principal amount borrowed and on previously accumulated interest, causing balances to grow rapidly. The document urges careful consideration of interest rates and repayment plans before taking on credit card debt.
The document analyzes rental market data from 2006-2010 to identify opportunities in the single-family home market. It finds that foreclosures and short sales led to over 60,000 distressed property transactions from 2010-2011, driving demand for single-family rentals. With over 95,000 prospective renters identified, renters will become buyers as they complete waiting periods for FHA loans. Strategically marketing to renters nearing the end of their lease terms provides agents opportunities to sell more homes to this future wave of buyers.
The document analyzes rental market data from 2006-2010 to identify opportunities in the single-family home market. It finds that foreclosures and short sales led to over 60,000 distressed property transactions from 2010-2011, driving demand for single-family rentals. With over 95,000 renters identified, many will be eligible to purchase again once waiting periods end and they improve their finances. Strategically marketing to renters nearing the end of their lease could identify many future homebuyers for agents.
Final term sheet block c official price eng_071011worralukt
This term sheet provides details on the official launch of Angsana Properties Lăng Cô, including location, available units with prices, payment terms, rental program, ownership terms, and contact information. The development consists of pool deluxe, garden pool, and sky pool apartments ranging in price from $319,000 to over $1.9 million. Payment is required in four installments with 50% down, and the units will be part of a rental program guaranteeing 6% annual returns for six years. The apartments are leased for 50 years with an option to renew.
Final term sheet block b official price eng_071011worralukt
This term sheet provides details on Angsana Properties Lăng Cô, located in Laguna Lăng Cô, Vietnam. It lists apartment units available for purchase along with their sizes, bedroom counts, price ranges in both USD and VND, and availability status. Payment terms require a deposit and have the remaining balance paid in four installments. The developer guarantees a 6% rental return for the first six years and then owners will receive a share of net rental profits. Furniture is included with units which are leased for 50 years with an option to renew.
James Metcalfe's Real Estate Market Update 10,11James Metcalfe
The document summarizes the strong performance of the Toronto real estate market in September 2011, with home sales up 25% from the previous year. It also discusses factors contributing to the robust market, such as low interest rates, rising incomes, and limited housing supply. The average price of homes sold in the GTA rose nearly 10% to $465,369. While sales have been strong, the market remains tight with listings down 8% from the previous year.
Additional Living Expenses (ALE) coverage provides funds for temporary housing if a home is uninhabitable due to a covered loss. However, ALE coverage may be insufficient in catastrophic events. Home reconstruction costs and temporary housing prices could exceed policy limits. Policyholders should consider options to increase ALE limits or duration and plan for potential temporary housing needs in disaster scenarios. Maintaining adequate insurance is important as underinsurance can exacerbate financial impacts of losing a home to events like wildfires or earthquakes.
EquityLock Protection For Existing HomeownersMark Dameron
The document describes how EquityLock property protection works, providing an example of a home purchased for $200,000 that is covered by an EquityLock protection contract. It explains that if the local housing market value drops by 20% when the home is sold in year 6, resulting in a sale price of $160,000, EquityLock would pay out $40,000 to the homeowner based on the 20% decline in value from the initial purchase price. The document also provides examples of different scenarios where a home's value increases, decreases, or stays the same and how EquityLock payments would be calculated based on changes to the local House Price Index.
Government Affairs Tax Credit Isakson Amdtguest2f5bbf1
The document summarizes key differences between the current homebuyer tax credit law and proposed changes from the House and Senate. The Senate version would increase the maximum credit amount to $15,000 but only for homes purchased after the bill is signed into law. It would eliminate the refundable nature of the credit and the first-time homebuyer and income restrictions. Repayment of the credit would still apply to 2008 purchases but not 2009 purchases if homes are kept for two years.
The document discusses how circuit breaker tax credits limit a taxpayer's total property tax liability to a fixed percentage of their assessed property value. It notes how the credits are funded by reductions in property tax revenues for all taxing units. HEA 1001 lowers the tax caps and expands eligibility, projected to significantly increase credits and reduce property tax collections. The shortfalls must be managed through spending cuts, cost sharing, fees or reducing authorized levies to lower overall tax rates and circuit breaker impacts.
Auchinairn Primary School & Nursery received press coverage for various events in session 2008/9, including purchasing a new flag with the school logo thanks to local business support. MP Jo Swinson visited the school multiple times. The nursery received a lottery boost and P7 students remembered those who died for freedom. P7 also learned about local history. During World of Work Week, they learned about careers thanks to support from a transportation company. The school's work supporting Christopher Ochieng, a Kenyan boy, by raising money for his family and village was featured. World Vision kept the school informed about how donations improved lives in Christopher's community.
The document summarizes the features of the Acer Aspire 5738PzG touch-enabled notebook. It highlights the multi-touch screen and touchpad capabilities, multimedia and connectivity features including a 15.6" HD display, Dolby audio, and WiFi. It also briefly mentions the Windows 7 operating system features like touch navigation, HomeGroup, and improved performance, security, and wireless networking support.
5 Things on Mobile with Don.na co-founder Kevin ChengRob Woodbridge
This is based on episode #470 on UNTETHER.tv that featured Don.na co-founder Kevin Cheng. Don.na is a mobile app that acts are a personal assistant - making sure you aren't late for meetings by giving directions on when to leave and how to get there. This is a summary of a few of the key highlights of that episode including:
1. Why name the app Don.na?
2. The 3 trends that led to the creation of Don.na
3. An explanation of the important "to app" experience
4. Advice on focusing on the service, not the app
5. Advice on when to turn revenue on for your product.
You can watch the entire episode here: http://untether.tv/2013/episode-470-putting-context-and-donna-moss-in-your-pocket-with-donna-co-founder-kevin-cheng/
The document discusses 7 dynamics that are transforming TV as it shifts to being delivered over the internet: 1) Reaching across screens to provide programming on any device, 2) Internet TV streaming, 3) TV distribution and cloud-based delivery, 4) Improved measurement of viewership across platforms, 5) Programmatic ad technology, 6) Addressable advertising, and 7) Increased viewer engagement. This shift is having a profound impact on delivery, advertising and the viewer experience as TV adapts to being viewed anytime, anywhere over the internet.
This paper examines Tobin's q ratio - the ratio of a firm's market value to the replacement cost of its assets - as a measure of monopoly rents. The paper develops a theoretical framework linking q to monopoly power. It argues that q will exceed 1 for firms earning monopoly rents, as the market capitalizes these rents in the firm's stock price. The paper constructs a database of q ratios for a sample of firms. It then empirically analyzes measures of monopoly power based on q, comparing them to traditional measures like concentration ratios. The analysis finds q-based measures correlate with traditional measures, supporting the theory that q captures monopoly rents.
Wps New Concept Overview Presentation 6 14 11 Eragstowealth
American demand for renewable energy has created an opportunity for Wind Power Systems (WPS) to succeed with their new vertical axis low wind turbine. The American Recovery and Reinvestment Act provides tax incentives for wind turbines that help businesses and consumers. WPS is developing a patent-pending turbine that can produce energy from winds as low as 8 mph, making renewable and consistent energy available.
The document provides an overview of a tutorial on text data mining and analytics. It discusses the growing interest in analytics and defines text mining and analysis. It also outlines some common text mining processes such as establishing a corpus, preprocessing texts through tokenization and stemming, feature extraction and weighting, and some example application areas.
This document provides information about three Elvis Presley compilation albums from 2006-2009, including track listings and descriptions. It summarizes releases of The Very Best of Elvis Presley from 2009 with 14 tracks, Christmas Duets from 2008 with 13 duets, and Elvis The King from 2007 with 26 tracks on the first disc and 27 on the second. The document also indicates that the albums are available in MP3 format from MediaFire.
This document discusses using the Texas STaR Chart to assess technology readiness at Crosby Elementary School. It provides summary data from 2006-2008 showing that "Teaching and Learning" scored the lowest and should be the key area targeted. The school aims to score 4's in each focus area and reach a classification of 21-24 to meet long-range technology goals and prepare students with necessary skills. The STaR Chart is a tool that can help schools determine technology needs, set funding priorities, and track progress towards state technology standards.
This document provides information about a school library's hours of operation, rules for student behavior, organization of materials, and computer use policies. It outlines that the library is open from 8:10-3:30 daily, with the Bionic Spirit Cart available. Students are expected to respect others and property, participate appropriately, and do their best. Following the rules will benefit students, while breaking rules will have consequences. Materials are organized by subject according to the Dewey Decimal System. Computer use is only for education and requires adherence to usage policies.
The Hellenic Start-up Association presentation by Dimitris Tsigos and the "start-up entrepreneurship & innovation" event by the British Graduates Society in Athens
Mining and analyzing social media sample network w ora - hicss47 tutorial -...Dave King
The document outlines the steps taken to analyze a network sample file in ORA, including importing the file, visualizing the network layout, computing standard network measures, and reviewing the results.
Final term sheet block c official price eng_071011worralukt
This term sheet provides details on the official launch of Angsana Properties Lăng Cô, including location, available units with prices, payment terms, rental program, ownership terms, and contact information. The development consists of pool deluxe, garden pool, and sky pool apartments ranging in price from $319,000 to over $1.9 million. Payment is required in four installments with 50% down, and the units will be part of a rental program guaranteeing 6% annual returns for six years. The apartments are leased for 50 years with an option to renew.
Final term sheet block b official price eng_071011worralukt
This term sheet provides details on Angsana Properties Lăng Cô, located in Laguna Lăng Cô, Vietnam. It lists apartment units available for purchase along with their sizes, bedroom counts, price ranges in both USD and VND, and availability status. Payment terms require a deposit and have the remaining balance paid in four installments. The developer guarantees a 6% rental return for the first six years and then owners will receive a share of net rental profits. Furniture is included with units which are leased for 50 years with an option to renew.
James Metcalfe's Real Estate Market Update 10,11James Metcalfe
The document summarizes the strong performance of the Toronto real estate market in September 2011, with home sales up 25% from the previous year. It also discusses factors contributing to the robust market, such as low interest rates, rising incomes, and limited housing supply. The average price of homes sold in the GTA rose nearly 10% to $465,369. While sales have been strong, the market remains tight with listings down 8% from the previous year.
Additional Living Expenses (ALE) coverage provides funds for temporary housing if a home is uninhabitable due to a covered loss. However, ALE coverage may be insufficient in catastrophic events. Home reconstruction costs and temporary housing prices could exceed policy limits. Policyholders should consider options to increase ALE limits or duration and plan for potential temporary housing needs in disaster scenarios. Maintaining adequate insurance is important as underinsurance can exacerbate financial impacts of losing a home to events like wildfires or earthquakes.
EquityLock Protection For Existing HomeownersMark Dameron
The document describes how EquityLock property protection works, providing an example of a home purchased for $200,000 that is covered by an EquityLock protection contract. It explains that if the local housing market value drops by 20% when the home is sold in year 6, resulting in a sale price of $160,000, EquityLock would pay out $40,000 to the homeowner based on the 20% decline in value from the initial purchase price. The document also provides examples of different scenarios where a home's value increases, decreases, or stays the same and how EquityLock payments would be calculated based on changes to the local House Price Index.
Government Affairs Tax Credit Isakson Amdtguest2f5bbf1
The document summarizes key differences between the current homebuyer tax credit law and proposed changes from the House and Senate. The Senate version would increase the maximum credit amount to $15,000 but only for homes purchased after the bill is signed into law. It would eliminate the refundable nature of the credit and the first-time homebuyer and income restrictions. Repayment of the credit would still apply to 2008 purchases but not 2009 purchases if homes are kept for two years.
The document discusses how circuit breaker tax credits limit a taxpayer's total property tax liability to a fixed percentage of their assessed property value. It notes how the credits are funded by reductions in property tax revenues for all taxing units. HEA 1001 lowers the tax caps and expands eligibility, projected to significantly increase credits and reduce property tax collections. The shortfalls must be managed through spending cuts, cost sharing, fees or reducing authorized levies to lower overall tax rates and circuit breaker impacts.
Auchinairn Primary School & Nursery received press coverage for various events in session 2008/9, including purchasing a new flag with the school logo thanks to local business support. MP Jo Swinson visited the school multiple times. The nursery received a lottery boost and P7 students remembered those who died for freedom. P7 also learned about local history. During World of Work Week, they learned about careers thanks to support from a transportation company. The school's work supporting Christopher Ochieng, a Kenyan boy, by raising money for his family and village was featured. World Vision kept the school informed about how donations improved lives in Christopher's community.
The document summarizes the features of the Acer Aspire 5738PzG touch-enabled notebook. It highlights the multi-touch screen and touchpad capabilities, multimedia and connectivity features including a 15.6" HD display, Dolby audio, and WiFi. It also briefly mentions the Windows 7 operating system features like touch navigation, HomeGroup, and improved performance, security, and wireless networking support.
5 Things on Mobile with Don.na co-founder Kevin ChengRob Woodbridge
This is based on episode #470 on UNTETHER.tv that featured Don.na co-founder Kevin Cheng. Don.na is a mobile app that acts are a personal assistant - making sure you aren't late for meetings by giving directions on when to leave and how to get there. This is a summary of a few of the key highlights of that episode including:
1. Why name the app Don.na?
2. The 3 trends that led to the creation of Don.na
3. An explanation of the important "to app" experience
4. Advice on focusing on the service, not the app
5. Advice on when to turn revenue on for your product.
You can watch the entire episode here: http://untether.tv/2013/episode-470-putting-context-and-donna-moss-in-your-pocket-with-donna-co-founder-kevin-cheng/
The document discusses 7 dynamics that are transforming TV as it shifts to being delivered over the internet: 1) Reaching across screens to provide programming on any device, 2) Internet TV streaming, 3) TV distribution and cloud-based delivery, 4) Improved measurement of viewership across platforms, 5) Programmatic ad technology, 6) Addressable advertising, and 7) Increased viewer engagement. This shift is having a profound impact on delivery, advertising and the viewer experience as TV adapts to being viewed anytime, anywhere over the internet.
This paper examines Tobin's q ratio - the ratio of a firm's market value to the replacement cost of its assets - as a measure of monopoly rents. The paper develops a theoretical framework linking q to monopoly power. It argues that q will exceed 1 for firms earning monopoly rents, as the market capitalizes these rents in the firm's stock price. The paper constructs a database of q ratios for a sample of firms. It then empirically analyzes measures of monopoly power based on q, comparing them to traditional measures like concentration ratios. The analysis finds q-based measures correlate with traditional measures, supporting the theory that q captures monopoly rents.
Wps New Concept Overview Presentation 6 14 11 Eragstowealth
American demand for renewable energy has created an opportunity for Wind Power Systems (WPS) to succeed with their new vertical axis low wind turbine. The American Recovery and Reinvestment Act provides tax incentives for wind turbines that help businesses and consumers. WPS is developing a patent-pending turbine that can produce energy from winds as low as 8 mph, making renewable and consistent energy available.
The document provides an overview of a tutorial on text data mining and analytics. It discusses the growing interest in analytics and defines text mining and analysis. It also outlines some common text mining processes such as establishing a corpus, preprocessing texts through tokenization and stemming, feature extraction and weighting, and some example application areas.
This document provides information about three Elvis Presley compilation albums from 2006-2009, including track listings and descriptions. It summarizes releases of The Very Best of Elvis Presley from 2009 with 14 tracks, Christmas Duets from 2008 with 13 duets, and Elvis The King from 2007 with 26 tracks on the first disc and 27 on the second. The document also indicates that the albums are available in MP3 format from MediaFire.
This document discusses using the Texas STaR Chart to assess technology readiness at Crosby Elementary School. It provides summary data from 2006-2008 showing that "Teaching and Learning" scored the lowest and should be the key area targeted. The school aims to score 4's in each focus area and reach a classification of 21-24 to meet long-range technology goals and prepare students with necessary skills. The STaR Chart is a tool that can help schools determine technology needs, set funding priorities, and track progress towards state technology standards.
This document provides information about a school library's hours of operation, rules for student behavior, organization of materials, and computer use policies. It outlines that the library is open from 8:10-3:30 daily, with the Bionic Spirit Cart available. Students are expected to respect others and property, participate appropriately, and do their best. Following the rules will benefit students, while breaking rules will have consequences. Materials are organized by subject according to the Dewey Decimal System. Computer use is only for education and requires adherence to usage policies.
The Hellenic Start-up Association presentation by Dimitris Tsigos and the "start-up entrepreneurship & innovation" event by the British Graduates Society in Athens
Mining and analyzing social media sample network w ora - hicss47 tutorial -...Dave King
The document outlines the steps taken to analyze a network sample file in ORA, including importing the file, visualizing the network layout, computing standard network measures, and reviewing the results.
This document provides tips for staying safe when chatting online or in chat rooms. It lists potential benefits but also important risks to be aware of, such as accidentally sharing private information or interacting with someone who is not who they claim to be. The document emphasizes to never give out personal details that could be used to identify you like your real name, address, phone number, age, sex, or passwords. It recommends only talking to people you know and avoiding sharing any private information to help stay safe in chat rooms.
Sean Moore grew up in inner city Chicago and was involved in illegal activities like dog fighting and gangs. He now speaks to at-risk youth and former dogfighters to educate them about the harms of dog fighting and help prevent animal suffering, having realized the mistakes of his past. He works with the Humane Society to end dog fighting and change perceptions in his community.
The document discusses how social media is operating inside company firewalls and impacting organizations. It influences internal stakeholders' opinions, reshapes relationships across divisions, and impacts efforts to securely maintain classified information. If not properly managed, social media can define a company's brand reputation. The document advocates for better managing social media's influence and lists potential strategic applications in knowledge and innovation, change management, and talent management, as well as organizational side effects.
The 11th EBAN Winter University will take place on January 17-18, 2013 in Istanbul, Turkey. The event is focused on "Exits" and will feature experts discussing exit processes and cases. Over 150 participants from across Europe and beyond are expected to attend the 2-day event focused on entrepreneurship, co-investment models, and angel syndicates. The YES - European Confederation of Young Entrepreneurs supports the Winter University.
Dokumen ini berisi nasihat seorang ayah kepada anaknya untuk bersabar dan memahami kondisinya ketika ia sudah tua. Ayah meminta anaknya untuk mengingat masa lalu dimana ayah mengajarinya berbagai hal, dan kini giliran anak untuk merawat dan membantu ayah dengan kasih sayang.
James Metcalfe's Real Estate Update 02,2012James Metcalfe
The document discusses the benefits of obtaining an up-to-date survey when purchasing a property. A survey conducted by a licensed surveyor clearly identifies property boundaries and any encroachments, easements or other issues. This prevents problems that can occur when properties are purchased without a survey, such as building structures in the wrong location or on someone else's land. The document advises homebuyers to carefully review surveys for accuracy and check measurements against physical markers on the property.
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 Real Estate Market Update for Our Home Toronto 08,11James Metcalfe
The document provides tips for applying paint to surfaces. It discusses suitable weather conditions for different types of paint, as well as techniques for using brushes and rollers effectively. Proper brushing and rolling techniques help ensure even coverage and avoid lap marks. It also emphasizes the importance of maintaining a "wet edge" when painting to prevent visible seams between sections. Thoroughly cleaning equipment right after use and proper storage helps brushes last longer.
James Metcalfe's Real Estate Market update for Our Home Toronto 08,11James Metcalfe
The document provides tips for applying paint to surfaces using brushes or rollers. It discusses ideal weather conditions for different paint types and how to properly load and use brushes and rollers. Maintaining a "wet edge" as you paint is emphasized to avoid lap marks. Cleaning equipment immediately after use and proper brush storage is also covered.
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
This document discusses several projections and analyses related to the US housing market in 2012:
1) Several analysts predict the housing market will improve in 2012 compared to 2011, with a stronger second half, citing higher than expected economic data and indicators of increased consumer sentiment.
2) Warren Buffett states that buying single family homes is an attractive investment due to low interest rates and the ability to refinance, and that buying one's own home is a good option if staying in the same place for 5-10 years.
3) The national mortgage settlement will allow banks to proceed with millions of delayed foreclosures, pushing home prices down another 3% but helping the market in the long run by reducing the
Are you a landlord, or thinking of becoming one? Nockolds Solicitors and Mullucks Wells provided a free briefing on the key issues affecting the rental property market on April 18th 2012, find out more here.
For this milestone, you will review Case Study Two and compose a.docxtamikowadson
For this milestone, you will review Case Study Two and compose a short report, applying your legal knowledge and understanding of the types of business organizations. Case Study Two concentrates on contracts and landlord-tenant law.
For additional details, please refer to the Milestone Two Guidelines and Rubric document and the Milestone Two Template in the Assignment Guidelines and Rubrics section of the course
PART 10
Property
LEARNING OBJECTIVES
After reading this chapter, you will be able to answer the following questions:
1
What are the interests in real property that someone can hold?
2
How is real property voluntarily transferred?
3
How is real property involuntarily transferred?
4
How is the use of property restricted?
CASE OPENER
Economic Redevelopment in Poletown
General Motors wanted to expand its facility, but when the company offered to purchase the property it needed, the owners would not accept the offers. The firm then approached the Detroit Economic Development Corporation with a request that the corporation use its power of eminent domain to acquire a large parcel of land on which members of the plaintiff organization, Poletown Neighborhood Council, resided and had small businesses. Once the corporation had acquired the land, it would be conveyed to General Motors for its plant expansion. The justification for the use of eminent domain was the creation of jobs for the economically depressed area.
The plaintiffs, who did not want their community destroyed, sued the city and the development corporation on the grounds that they were abusing their power of eminent domain to take private property for a private use.
1.
Can business managers ask the city to buy real property for them when the owners do not wish to sell it?
2.
What would determine whether the government can legally take the property for the corporation?
The Wrap-Up at the end of the chapter will answer these questions.
p. 1079
Ownership of real property seems to be one of the goals of most people in the United States. In this chapter we examine the nature of real property, the types of interests someone can own in real property, and how those interests can be transferred. As the opening scenario implies, transfers can be either voluntary or involuntary.
PART 10
Property
LEARNING OBJECTIVES
After reading this chapter, you will be able to answer the following questions:
1
How is the landlord-tenant relationship created?
2
What are the rights and duties of the landlord and tenant?
3
What are landlords' liabilities for injuries on the premises?
4
How are interests in leased property transferred?
5
How are leases terminated?
CASE OPENER
Free to Choose?
Roommates.com
operates a Web site that helps individuals find roommates. Individuals searching for roommates create profiles using questionnaires provided by the Web site. The questionnaires ask for information about age, sex, and sexual orientation, as well as whether the perso ...
James Metcalfe's Market Update January 2012James Metcalfe
The document discusses real estate market trends in the GTA in 2011:
1) The average price of a resale home in the GTA increased 8% to $465,412 in 2011, providing homeowners with over $34,000 in increased equity on average.
2) A total of 89,347 homes were sold in the GTA in 2011, a 4% increase from 2010 and the second best year ever for sales volumes.
3) Low borrowing costs kept buyer confidence high, and sales may have surpassed 2007 records if not for a shortage of listings constraining buyers.
The document summarizes accomplishments of Carolyn Rualo, a partner at Adam Leitman Bailey, P.C. who was named a Trailblazer by the New York Law Journal for her unconventional approaches in handling complex landlord-tenant negotiations. It describes how she successfully negotiated on behalf of a client to avoid costly emergency repairs by the city, and how she is preparing for upcoming rent regulation reforms. It also announces that ALBPC has more female "Rising Stars" than any other New York real estate law firm.
This presentation was prepared for FMC's Fall Real Estate Seminar by Jules Mikelberg and Michael Toshakovski. It looks at an update to the Greater Toronto Area Condo Projects, the Status of Condominium Act Review Process, Changes to City of Toronto Draft Condo Approval Process and a Tarion update.
Leasehold and freehold property - a buyers guideBolt Burdon
The document discusses leasehold and freehold property ownership in England and Wales. It explains that freehold property provides full ownership of the land and building, while leasehold property involves owning the property for a set lease period, typically paying ground rent and service charges. The document outlines options for leasehold owners such as extending their lease through statutory means for an additional 90 years, or acquiring the freehold altogether through collective enfranchisement if multiple flats are involved. It also discusses resolving disputes over excessive service charges through the Property Tribunal.
Steve and Lori wanted to buy their first home but found the process complicated. They heard about Law of the Land (LOTL), a one-stop shop that provides real estate, legal, financing, and title services. LOTL helped them find a home, negotiated the purchase price, helped improve their credit, secured financing, handled the title work, and represented them at closing. Using LOTL made the entire real estate transaction simpler for Steve and Lori.
The document summarizes housing market trends in early 2012. It shows that existing home sales remain strong with over 12,500 homes sold daily. Pending home sales and monthly inventory levels are improving. Mortgage rates are near all-time lows and home prices are expected to continue declining in 2012 as the large shadow inventory of distressed homes works through the system, pushing up short sales and foreclosures. However, projections call for a gradual, steady recovery in the housing market supported by job growth and low interest rates.
House Bill 2001 eliminates single-family zoning in Oregon, requiring cities over 25,000 people to allow duplexes, triplexes, fourplexes, and cottage clusters where only single-family homes were previously allowed. Senate Bill 608 limits annual rent increases to 7% plus inflation, prohibits no-cause evictions after the first year, and requires landlords to pay one month's rent in relocation expenses for certain evictions. The bills attempt to address Oregon's housing shortage and affordability crisis by increasing housing supply under HB 2001 and tenant protections under SB 608, though they remain controversial with differing perspectives between tenants and landlords.
The document provides a summary of the federal and California homebuyer tax credits available in 2010. It outlines the key eligibility requirements, credit amounts, purchase price limits, occupancy requirements, income limits, and claim procedures for each tax credit. The federal credit offers up to $8,000 for first-time buyers and $6,500 for long-time residents, while California's credit offers up to $10,000 for eligible first-time buyers or buyers of never-occupied homes. Both credits required the purchased home to be the buyer's primary residence.
James Metcalfe Real Estate Newsletter April 2012James Metcalfe
1. The average price of homes in the GTA reached a new high of $504,117 in March 2012, up 10% from March 2011. Detached home prices rose 11% and townhouse prices rose 10%.
2. Total home sales in March 2012 were up 8% from March 2011, with the strongest growth in detached homes at 15%. The number of listings was up slightly but inventory remains tight.
3. The real estate market continues to be characterized by strong competition among buyers, with properties receiving multiple offers. This has led to annual price growth well above long-term averages.
Texas Landlords and Tenants Guide - 2010Bob Lowery
This document summarizes Texas laws regarding landlord and tenant responsibilities. It discusses a landlord's duty to repair rental properties and provide contact information to tenants. It also covers a tenant's rights and responsibilities regarding repairs, security deposits, lease terminations, and other issues. The document is intended to help both landlords and tenants understand their legal rights and obligations under Texas property codes.
The document provides information about the first-time homebuyer tax credit available to those who purchase a home between April 9, 2008 and December 1, 2009. It details that the credit is equal to 10% of the home's purchase price up to $8,000. It also explains that the full credit amount is available to single filers earning less than $75,000 and phases out at higher incomes. For purchases in 2009, the credit no longer requires repayment if the home is sold within three years.
1. The land regime in Kenya has long been plagued by uncertainty and inconsistencies due to problematic land laws inherited from colonial powers. 2. Recent laws like the Land Act of 2012, National Land Commission Act of 2012, and Land Registration Act of 2012 aimed to reform land administration by consolidating laws and recognizing traditional practices. 3. The new laws established the National Land Commission and repealed previous acts, but concerns remain about lack of clarity and haste in passing the laws.
Similar to James Metcalfe's real estate market update march 2012 (20)
James Metcalfe's Toronto Real Estate Update January 2014James Metcalfe
The real estate update summarizes residential real estate activity in the Greater Toronto Area (GTA) for December 2013 and the full year 2013. It reported that home sales in December 2013 increased by almost 14% compared to the previous year. Total home sales for 2013 increased by 2% compared to 2012. The average home price in December 2013 increased by 9% compared to the previous year. The average home price for all of 2013 increased by 5.2% compared to 2012. Strong seller's market conditions are expected to continue pushing home prices higher in 2014.
James Metcalfe's Toronto Real Estate Update Oct 2013James Metcalfe
- 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.
The document discusses home sales and prices in the Greater Toronto Area (GTA) for April 2013. It reports that home sales declined modestly by 2% compared to April 2012, indicating demand is strengthening after double-digit declines earlier in the year. The average home price in the GTA rose 2% to a new high of $526,335, with price increases across all housing segments. The condo apartment segment in Toronto saw a 6% price rise and was a major driver of overall price growth. This strong condo performance and price increases could mean stronger price growth in the second half of 2013 than previously forecast.
from selling a condo is taxable:
- Selling a condo for a profit is usually subject to capital gains tax, with half - How long the owner lived in the condo
the profit considered taxable income. However, profits from selling a principal - Pattern of buying and selling properties
residence are not taxable. - Reasons given for moving
- A real estate agent bought and sold a condo in Vancouver for a $30K profit - Other real estate activities and holdings
within a year, claiming it was his principal residence. - Credibility of the reasons provided
- The CRA discovered he had bought and sold 7 condos in 7 years.
James Metcalfe's Real Estate Market Update 11,11James Metcalfe
The document summarizes key information about the Toronto real estate market in October 2011 and home security tips. Specifically:
- Toronto home sales increased 17% year-over-year in October 2011 with average prices up 8%. Detached homes saw the largest gains.
- Simple security measures like trimming bushes, visible alarms, and motion lights can deter burglars. More advanced home security systems with sensors on doors, windows and motion detectors connected to a monitoring station provide greater protection.
- A security system may lower insurance costs and is a worthwhile investment compared to the cost of a burglary. Ensuring the system and monitoring company meet standards provides optimal protection.
Toronto Real Estate Board Housing Market_Charts-December_2011James Metcalfe
The document contains charts summarizing housing market trends in Toronto from 2008-2011. It shows sales, new listings, average prices, and the ratio of sales to new listings have seasonal fluctuations and vary year to year. Higher sales to listing ratios generally mean greater price growth. Charts of long-term trends show prices and sales influence each other. Affordability is also impacted, with prices consuming larger portions of household income over time.
Toronto Real Estate Board Market Charts September 2011James Metcalfe
The document contains charts summarizing housing market trends in Toronto from 2008-2011. It shows sales, new listings, average prices, and the ratio of sales to new listings have followed seasonal patterns over the past four years. When the sales to new listings ratio is higher, price growth tends to increase and vice versa. The affordability indicator chart shows the percentage of average household income needed to cover mortgage payments, property taxes and utilities on an average priced home, which has fluctuated between 30-50% in recent years.
The document contains charts analyzing the Toronto housing market in May 2011. It shows trends in MLS sales, new listings, average prices, and the sales-to-new listings ratio over the past 3-4 years. Seasonal patterns are evident across the metrics. The sales-to-new listings ratio influences average annual price changes. Additional charts show long-term trends and the relationship between affordability and average household income.
Toronto Real Estate Housing Statistics May_2011James Metcalfe
The document contains charts analyzing the Toronto housing market in May 2011. It shows trends in MLS sales, new listings, average prices, and the sales-to-new listings ratio over the past 3-4 years. Seasonal patterns are evident across the metrics. The sales-to-new listings ratio influences average annual price changes. Additional charts show long-term trends and the relationship between affordability and average household income.
Toronto real estate market charts march 2011James Metcalfe
The document contains charts summarizing housing market trends in Toronto from 2008-2011. It shows sales, new listings, average prices, and the ratio of sales to new listings have seasonal fluctuations and vary year to year. Higher sales to listing ratios generally lead to greater price growth. Charts of long-term trends use moving averages to smooth irregular patterns. Affordability is also graphed, showing the share of household income needed for housing costs.
The document contains charts analyzing the Toronto housing market in February 2011. It shows trends in MLS sales, new listings, average prices, and the sales-to-listings ratio over the past 3-4 years. Seasonal patterns are evident across the metrics. The sales-to-listings ratio correlates positively with annual price growth. Affordability is also tracked based on the share of average household income required for mortgage payments, property taxes and utilities on the average home.
Toronto housing stats market watch all neighbourhoods dec. 2010James Metcalfe
Existing home sales in the Greater Toronto area totaled 86,170 in 2010, down 1% from 2009, with the average price rising 9% to $431,463. While the market started very strong, conditions softened in the summer due to new lending rules and the HST, before strengthening again as affordability concerns eased. The median price in December 2010 was $355,000, up from $349,000 in December 2009, and annual price growth is expected to remain around 5% in 2011.
The document contains charts summarizing housing market trends in Toronto from 2007-2010. It shows sales, new listings, average prices, and the ratio of sales to new listings have followed seasonal patterns over the years. When the sales to new listings ratio is higher, price growth tends to increase and vice versa. One chart also shows that as the ratio increases, the percentage change in average home price also tends to rise. The affordability indicator demonstrates the share of average household income needed for a mortgage, taxes and utilities on an average priced home has fluctuated between 30-50% in recent years.
Toronto Housing Market Charts November_2010James Metcalfe
The document contains charts analyzing the Toronto housing market from November 2010. It shows trends in MLS sales, new listings, average prices, and the sales-to-new listings ratio over the past 4 years. The ratios and trends indicate that after declines in 2008-2009, the market was beginning to recover in 2010 with increasing sales, listings, and average home prices compared to the previous years. Affordability was also improving as the share of income needed for housing was declining from its peak.
This document contains charts analyzing the housing market in Toronto from 2007 to 2010. It includes charts showing monthly MLS sales, new listings, the sales to new listings ratio, average home price, and trends over time. The charts allow comparisons across months and years. They show seasonal patterns and indicate that higher sales to new listings ratios generally lead to greater price growth. The final chart models the share of average household income needed for mortgage payments, property taxes and utilities on an average priced home in the Toronto area.
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.
Sales of single family homes were down 34% in July 2010 compared to July 2009. The average price increased 6% to $420,482. In the East district, 1,488 homes were sold in July for a total of $495.5 million. The median price was $306,750, with an average of 32 days on the market and sales at 97% of the listing price.
The document contains charts analyzing the Toronto housing market from 2007-2010. It shows trends in MLS sales, new listings, average prices, and sales-to-listing ratios. The sales-to-listing ratio correlates positively with annual price changes. Affordability is also addressed, with the share of average household income needed for housing shown rising from 30-50% over this period.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
Dholera Smart City Latest Development Status 2024.pdfShivgan Infratech
Explore the latest development status of Dholera Smart City in 2024. Discover the progress, infrastructure, and future plans of India's first greenfield smart city.
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
James Metcalfe's real estate market update march 2012
1. MarketNews
JAMES METCALFE’S REAL ESTATE UPDATE MARCH 2012
AVERAGE PRICE ECLIPSES $500K IN FEBRUARY
With only slightly more than two months of inventory in the Total unit volume through the TorontoMLS® system in February
Toronto Real Estate Board area, competition between buyers was 7,032 - which represented a 16% increase versus February
continues to exert very strong upward pressure on the average 2011 sales of 6,058 single family homes. New listings were also
resale price. During the month of February, the average resale up over the same period, but by a lesser 11% to 12,684. It is
price eclipsed the $500,000 barrier for the first time ever, important to note that 2012 is a leap year, with one more day in
reaching $502,508. This represented a whopping 11% increase February. Over the first 28 days of February, sales and new listings
versus the February 2011 average price of $453,329. The following were up by 10% and 6% respectively. The following is a brief
is a brief breakdown of price performance by major dwelling types: breakdown of volume performance by major dwelling types:
Dwelling Average Ann’l Index Dwelling Units Ann’l % of
Type Price Growth to Avg Type Sold Growth Total
Detached $636,080 +10% 127 Detached 3,427 +24% 46.8%
Condo Apt $341,199 +3% 68 Condo Apt 1,726 +10% 24.7%
Townhouse $367,937 +10% 73 Townhouse 987 +4% 15.9%
Semi-Detached $459,464 +10% 91 Semi-Detached 757 +14% 10.8%
GTA RESALE HOME SALES (AVERAGE PRICE) - FEBRUARY GTA RESALE HOME SALES (UNITS SOLD) - FEBRUARY
2009 2009
2010 2010
2011 2011
2012 2012
$350,000 $400,000 $450,000 $500,000 4,000 5,000 6,000 7,000
James Metcalfe BROKER
416-931-4161 Royal LePage Real Estate Services Ltd.
www.OurHomeToronto.com Johnston & Daniel Division, Brokerage
Service@OurHomeToronto.com 477 Mount Pleasant Rd., Toronto, ON M4S 2L9
PAGE 1
2. Tenants in a condominium setting
Condo Corner
Condominium tenants have a legal relationship with the corporation’s declaration). The tenant argued that Section
owner of the unit – the landlord. This relationship is governed 108 of the Landlord and Tenant Act (as it then was) allowed
by the tenancy agreement and landlord and tenant law. the tenant to keep the dog. In confirming the decision of
the lower court, the Court of Appeal said:
In addition, condominium tenants have a completely separate
relationship with the condominium corporation. This “We are of the view that a declaration registered
separate relationship is governed by condominium law – under the provisions of the Condominium Act, R.S.O.
namely, the Condominium Act (Condominium Act, 1998) 1990, Chap. C.26, does not constitute “an agreement”
and the condominium corporation’s declaration, by-laws within the meaning of those words as set forth in s.
and rules (collectively: the condominium’s “governing 108 of the Landlord and Tenant Act, R.S.O. 1990, Chap.
documents”). L.7. It follows that the provisions of s. 108(1) cannot
be relied upon by the appellants (the tenants) in these
Condominium tenants must comply with the condominium’s
proceedings.
governing documents. But this raises the following question:
Can landlord and tenant law serve to reduce or modify the Other Courts have also touched on the issue. For example:
tenant’s obligations under a condominium’s governing
• In Carleton Condominium Corporation No. 350 v.
documents? The courts have said that the answer to this
Bannerman (1988) the Court ordered the removal of
question is “no”.
two cats owned by a tenant (again, based upon a “no
So, tenants of condominium units have the same pets” provision in the condominium’s declaration). The
obligations to comply with the condominium’s Court said that the tenant “could acquire no rights not
governing documents as do condominium owners available to the owners”.
– and landlord and tenant law does not affect
• In Niagara North Condominium Corporation No. 125 v.
those obligations. Condominium corporations are
Kinslow (2007) the Court ordered removal of two cats
not landlords of the units (unless of course the
owned by a tenant (again, based upon a “no pets”
condominium corporation actually owns and leases a
provision in the condominium’s declaration). The Court
unit) and landlord and tenant law does not apply to a
said “the tenancy agreement is silent as to pets and has
condominium’s governing documents.
no bearing on this application.”
As mentioned above, the courts have confirmed that
The bottom line is that no Court has ever said that a
a tenant’s obligations under condominium law are
tenant can rely upon landlord and tenant law to avoid any
entirely distinct and separate from the tenant’s rights and
requirement under a condominium’s governing documents.
responsibilities under landlord and tenant law. The leading
court decision on this issue is a decision of Ontario’s Court of
Appeal in the case of Metropolitan Toronto Condominium
Corporation No. 949 v. Irvine. In that case, the condominium
This article was contributed by James Davidson and Deborah O’Connor. James and
corporation obtained an order for removal of a tenant’s dog
Deborah practice condominium law with the law firm Nelligan O’Brien Payne. Please
(based upon a “no pets” provision in the condominium
visit them at www.nelligan.ca.
PAGE 2
3. All about smart meters
House Smart
If you think a ‘Smart Meter’ is a device that will fool your Generating electricity during these ‘on peak’ times is very
electricity provider into thinking you are using less electricity expensive, but there is no real incentive for people to cut back
than you actually are you would be wrong. However, if you on the amount of electricity they are using during these times.
think a Smart Meter is a device that will save you money on As a consequence, we increasingly face black-out or brown-
your electricity bill, you are right! out situations when the generators reach or exceed capacity.
In addition, the extra electricity generation required to meet
A regular electricity meter tracks the amount of electricity used
the peak demands is typically achieved using environmentally
over a period of time. The electricity provider charges the home
unfriendly sources such as coal generation which creates a
or business owner based on the difference in the meter readings
significant amount of greenhouse gas emissions and creates
over a one or two month period. The term ‘Smart Meter’ refers
poor air quality. The installation of Smart Meters will make
to one that is capable of recording more sophisticated data.
consumers more conscious of when and how much electricity
Smart Meters not only record the amount of electricity used
they are using and reward them by charging lower rates for the
over a period of time, they also record the time of day the
electricity if it is used during off peak times, which will in turn
electricity was used.
help with the environment.
There are two types of meters; Time-of-Use (TOU) and Interval
When a Smart Meter is installed, the home owner is billed at a
meters. TOU Meters record the total amount of electricity used
higher rate for electricity used during peak times and a lower
during the billing period, as well as the amount used during
rate for electricity used during off peak hours. With people
peak hours. Interval meters record the amount of electricity used
reducing the amount of electricity they use during peak hours
during shorter time periods (one hour intervals, for example)
(due to higher rates), the peak demand is smaller, the required
and collects more data than Time of Use meters. The data from
capacity of generators is reduced, and the risk of black-out or
interval meters is typically transmitted to the billing company
brown-outs is also reduced. Electricity generators also benefit
through transmission lines or wirelessly, while the data from
from the implementation of Smart Meters since their systems
Time of Use meters is collected monthly or bi-monthly similar to
are designed to accommodate demand during peak hours. The
regular meters. The peak hours to be recorded by TOU meters
total amount of electricity generated over the course of a day
have to be manually programmed into the meter and if those
may not be different, however the amount of electricity required
peak hours change, the meters require re-programming. The
at any one time would likely be lower thereby eliminating the
same information can be remotely changed on an interval
requirement to use environmentally unfriendly sources of
meter and there is more flexibility in the number of rates
electricity generation.
charged during a day and over the billing period.
Information that can be provided to homeowners by Smart Meters
The time of day that the electricity is used is significant because
includes the cost of the electricity per kilo Watt hour (kWh) and
the cost of electricity generation varies depending on how
the amount of electricity being used. This data can be provided via
much demand there is on the system. For example, on a hot
a website or by phone to allow the homeowner to decide when
summer afternoon when homeowners and businesses are
to wash a load of laundry or run the dishwasher, for example.
running air conditioners, the demand for electricity is high
and the electricity generating facilities must work as hard This article was contributed by Amerispec, a leading home inspection company.
as possible to produce sufficient electricity for everyone. Please visit them at www.en.amerispec.ca.
PAGE 3