Richmond Hill, Ontario, Real Estate

More Mortgage Changes To Come

2011-01-17T08:45:04Z

It seems to be official that the Canadian government is stepping in again to tighten up regulations on the lending industries. This year we are looking at the removal of the 35 year amortization period, a reduction in the maximum loan to value ratio for refinancing of your home from 90% to 85% and more restrictions on Home Equity Lines of Credit. Of course these changes are only with regards to what the government is willing to insure through the CMHC and mostly effects people looking at refinancing...(read more)

First Time Home Buyer Seminar

2010-11-19T10:39:04Z

Looking for your first home? On Saturday November 27th 2010, come join myself (Andrew Hodge- sales representative with Right At Home Realty Inc. - Brokerage), John Hum (RBC residential mortgage specialist) and Gerry Quackenbush (GTA Home Inspections and the Ontario Association of Home Inspectors) to find out what you need to know and what to expect from your home buying experience. Come and find out how to make your search easier and more productive as well as a number of pitfalls that should be...(read more)

Richmond Hill and Toronto Real Estate for July 2010

2010-08-11T09:52:00Z

Real estate in the Greater Toronto Area started exceptionally strong in the early months of 2010 and we are now seeing the "give back" as a result. There was a 34% decrease in sales volume for the month of July, relative to July 2009, but at the same time the total sales for the year are about the same as the sales in 2009 up to and including July 2009. The Summer months often see a slight dip in sales volumes, especially in the higher end homes, and I expect to see a fairly slow August with the...(read more)

Toronto and York Region Real Estate in June

2010-07-10T11:08:03Z

The real estate markets so far this year have been exceptionally active, with near all time record monthly sales volumes and fairly significant increases in average home sale prices. In June we saw a drop in sales to, a still reasonable, 8,442 home sales, with an average home sale price of $435,034. The big news is that this year the "normal" pattern has changed. With May and June showing progressive decreases in volume when in most years they would be the most active sales months. As far as the...(read more)

Fairwell to investigative journalism

2010-01-16T08:04:03Z

Everyday we are bombarded with information from a wide variety of sources. Some we have become accustom to ignoring, like advertising, and others we are told should be seen as authorities on facts about our world and how it effects us. News media is generally believed to be trustworthy and yet I keep hearing and reading fearmongering and out of context facts or at least without perspective. I thoroughly agitated today while listening to the a news radio station today. They had a story on the Toronto...(read more)

Richmond Hill homes are selling fast

2009-11-02T18:51:01Z

It has been a very busy week. It started off with a great client finding the perfect house which meant that they had to sell their current home. So we listed their home Monday night and by Thursday we had multiple offers. Things were going so fast I didn't even get a chance to blog about their home. To top it off several other clients have been looking and every time I make a list of 5 or 6 places to see, by the time I get the showings booked 2 will be sold conditionally and another is likely to...(read more)

Richmond Hill Real Estate in September 2009

2009-11-02T12:06:04Z

The Greater Toronto Area real estate markets are finishing off the year with a boom. September 2009 had 8,196 homes ( both freehold and condominium) through the Toronto Real Estate Board's (TREB's) MLS® system with an average sale price of $406,877. In the Richmond Hill MLS® districts there were 225 detached homes sold out of 403 available homes with an average sale price, for the three districts, of $627,700. This is a huge jump up from last years 126 homes sold in the Richmond Hill districts and...(read more)

Toronto Real Estate Market Recap for 2009

2009-09-18T08:06:04Z

First A quick update on this years Toronto and GTA real estate markets. Most of us recognized that 2009 started off as a very slow year. Buyer's were nervous and their savings had been decimated or worse. But the real estate market started to bounce back in March. The Total number of home sales on the Toronto Real Estate Board's MLS® system in March, April and May 2009 were only slightly lower than the 2008 numbers, before the markets started to slow down. Real estate was far hotter, this summer,...(read more)

The Sky is Falling

2008-10-30T03:04:38Z

The Doom and Gloom predictors are at large these days, telling everyone that real estate prices in the Greater Toronto Area are going to drop. And they may, however any price decrease should be minimal and short lived. The one thing that is going against the real estate markets in the Toronto area, including Richmond Hill, Aurora and all of York Region, is low consumer confidence. Unfortunately this low consumer confidence issue is mostly unsubstantiated. Yes the stock market has had a major correction...(read more)

Richmond Hill Parks - Richmond Green

2008-10-30T01:56:45Z

This is the start of a series of reviews, pictures and comments on the parks of Richmond Hill. Richmond Green is located at Leslie and Elgin Mills right next to Richmond Green High School and the Richmond Green library. It has a skate park, water park,, skating arena, soccer fields, walking paths, sand and play area and an eco-educational garden area. Richmond Green is often used by the residents of Bayview North and Bayview Hills, in Richmond Hill, and by the the City of Richmond Hill for events...(read more)

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)