Richmond Hill, Ontario, Real Estate

Provincial Land Transfer Tax Refund Extended

2007-12-17T14:38:14Z

The Province of Ontario has just announced that it is extending the land transfer tax refund for first time buyers of newly constructed homes to now include resale homes. This means that first time home buyers can now save up to $2,000 on a resale home purchase. The legislation for this rebate has not yet been passed, but any first time home buyer that enters into an "agreement to purchase and sale" on or after December 13th, 2007 is entitled to a rebate of up to $2,000 once the legislation is passed....(read more)

Toronto Area Mortgages

2007-11-10T18:00:18Z

Well I did it! I took the plunge and took my business and added to it to make a more seamless service to help my clients get better results, quicker and more efficiently . I have now added mortgages to my real estate service by becoming a Mortgage Agent with Mortgage One Solutions Ltd. a member of The Mortgage Centre. Now you can get a great wholesale mortgage rate with terms that best meet your needs. Get your pre-approved mortgage quickly and easily. Best of all, I work for you not the banks, top...(read more)

Toronto and York Region Real Estate Markets Update

2007-11-10T17:37:09Z

2007's real estate markets seem to be unstoppable. Once again October sets a new Toronto MLS ® record for the number of homes sold smashing the previous October record (Oct 2003) by 10% and sending the total home sales, for 2007, over 81,500 homes sold. That is just 1,500 short of the final number of homes sold in 2006 with two months to go, in which we would usually expect to see about 10,000 sales more. On top of that the sales volume in Toronto are expected to be extra high in November and December...(read more)

Bungalow For Sale in Tottenham

2007-11-05T20:31:00Z

Finely detailed home in golfing country

• 3 bath, 3 bdrm bungalow - MLS® #N1253834 $650,000 - Luxury hobby horse farm

Tottenham, New Tecumseth - Luxury in the Country! This spectacular, renovated, bungalow seamlessly combines all of the modern luxuries and country living into one. A "stones throw" away from the prestigious Bond Head golf club and room to put a par three practice hole between the home and the barn without going into the paddocks or the hay field.

This home boasts custom Canac cabinets in the kitchen, great room and master ensuite. Plus cork floors through out the home (except Bathrooms, foyer and "Tack" room which are tiled), loads of halogen pot lights, Italian "liquid flow" granite (Master ensuite) and Brazilian "solid flow" granite counter tops in kitchen and great room, high end Kitchen Aid "Architec series" Stainless Steel appliances ( Fridge, Built in Convection oven and Convection Microwave/oven, and Built in Dishwasher), ceramic stove top, Whirlpool Duet Washer and Dryer, Maytag Water purification system, "Instant Hot" water tap in the kitchen, a 70 inch LCD Projection HDTV and much more.

The property also possesses a freshly seeded hay field, 4 paddocks, a stocked spring fed pond, a barn with 6 stalls and room for hay storage, a drive shed, chicken coop (currently not used), and a long list of nearly new farming equipment

Property information

Toronto Real Estate Market - Mid August sales

2007-08-20T00:15:33Z

Toronto Home Sales in August are well above expected numbers in terms of volume. As of August 17th there were 3,838 homes sold, up 17% from Aug 2006, and the average sale price across the Toronto MLS® system was $355,829. So it looks like the summer market is doing very well with the lower priced home and condo sales. I, for one, am looking forward to see how the upper priced home sale come back in September. Looking for a Free property Value analysis, MLS Listing Search visit my site for more information...(read more)

Ontario Tenancy Law Changed

2007-08-13T16:09:32Z

The Tenant Protection Act is no longer the act that governs residential rental agreement in Ontario, Canada. It has now been replaced with the Residential Tenancies Act with a few significant changes. First, in the old act tenants were entitled to 6% interest on there last months rent per year payable each year. Now the interest has been reduced to the same as the consumer price index which will also be used in determining the rent increase amounts that landlords can charge yearly. This will, within...(read more)

York Region Real Estate market statistics - July 2007

2007-08-08T16:47:39Z

York Region's real estate markets were hot in July 2007 as were all of the Northern districts on the Toronto MLS® system. Sales this year were up 27.7% with 1,797 homes sold compared to 1,407 homes sold in July 2007. The year to date home sales numbers are also up 16.3% to 12,232 homes sold in York Region, the Uxbridge area of Durham and parts of Simcoe County. Over all average sold prices increased by 5% from $373,573 to $392,360 in July 2007. There were some very active markets in York Region including...(read more)

Toronto Real Estate Market Statistics - July 2007

2007-08-07T02:45:07Z

Toronto's real estate markets keep motoring along. In July 2007 there were 1,590 homes sold in the central districts on the Toronto MLS® system. This would account for the down town core and everything between Dufferin and Victoria Park, South of Steeles, with the DVP as the eastern boundary south of Eglinton Ave. That is an increase of 24.3% over last year's 1,279 Toronto homes sold. The average sold price in the Toronto Central districts was $470,464 up 9.9% from July 2006's $428,031 and the median...(read more)

Toronto Real Estate Home Inspectors - How to Choose One

2007-08-04T14:13:04Z

The home inspection industry is currently not a regulated industry, which means that anyone can call themselves a home inspector and charge a fee to look at homes and give you a report or opinion on the condition of the home. So until the home inspection industry gets its own version of REBBA making it illegal to charge a fee for a home inspection related service, without first being registered and insured, how do you choose the right home inspector? I think we would all recognize that this picture...(read more)

Genworth Housing Outlook - Summer 2007

2007-07-31T17:21:51Z

Genworth Financial has published there summer 2007 "Housing Outlook" that provides insightful analysis of the Canadian real estate markets (nationally, provincially, and for major cities) as well as provides their predictions for the next few years. The "Housing Outlook", according to Genworth Financial, look strong for the next few years with stead growth in home values as well as sales volumes (with a slight exception of new home sales in 2007). They sight economic factors like the strength of...(read more)

Toronto Real Estate Market Update - preliminary

2007-07-30T13:16:48Z

Real estate markets in the Toronto area has far surpassed expectations in the first half of the year with just over 50,000 sales posted in the months of January to June. Going into July the activity seems to have decreased some what. This is to be expected slightly as many people flee the city for vacations to cottages or other more exotic locals, in order to escape the everyday life of a 9 to 5er's (or what ever hours one calls a work day). This tends to have the biggest effect on the higher priced...(read more)

New Toronto Real Estate Tax delayed

2007-07-17T20:04:50Z

Thanks to the efforts of the Toronto Real Estate Board and the general public, that lobbied the municipal government, the City of Toronto land transfer tax has been postponed until after the provincial election in October. There was a narrow win of 23 votes to 22 in favour of postponing a decission on this proposed tax. Now we will all have to lobby the Ontario government to try and convince them that Toronto needs some financial help to keep it afloat, in order to avoid the real estate tax being...(read more)

Private South Aurora, Ontario, Home for sale on 1.75 acres

2007-06-02T03:14:00Z

• 3 bath, 4 bdrm 4-level split "Open concept" - MLS® #N1152523 $850,000 - Million dollar area

Cherry, Aurora - Incredible views and ultimate privacy can be found at the end of this exclusive cul de sac. The home has large open rooms, great for entertaining and the 2 decks, patio, hot tub and "Betz" in-ground pool are perfect for relaxing in this private get-a-way. minute to the 404 and the 400, shopping and schools you can have it all.

Don't miss out on this executive estate home, call today for your personal viewing.

Property information

not intended to solicit clients currently under contract.

Rules Changed for Mortgage Insurance

2007-05-27T11:12:16Z

A quick update for anyone who missed the announcement. The Government of Canada has passed Bill C37 which changes the minimum loan to value amounts for conventional mortgages. What does this mean to you? In the past if you were borrowing more than 75% of the purchase price, or value of the property, you had to get CMHC or Genworth mortgage insurance. Now that Loan to Value amount has changed so that there is no need for high ratio mortgage insurance if you are borrowing less than 80% of the homes...(read more)

Real Estate Market Update April 2007

2007-05-27T10:55:44Z

Busy! That pretty much sums up the current greater Toronto Real Estate markets and why I have not posted in too long. February and March had very strong sale, just lower that Feb. and Mar. 2006, but April 2007 blew past April 2006's 8361 sales. With 9452 sales in April 2007 this sets a new record for April sales in the GTA real estate markets. Even Oak Ridges, which I have mentioned was at risk of having an over supply of homes, sold about 30% of the listed homes in April 2007. The MLS® districts...(read more)