Do you work from home?
You might want to check with your condo board
 If you are one of the growing
number of enterprising men and women who see their future as running a
home-based business, a few words of caution.
Working from a home office - even part-time - can open a real can of worms legally, especially if you do it from a condominium.
"The best advice I can give is talk to your lawyer first," says
Kathleen Waters, president of the Lawyer's Professional Indemnity
Corporation. That is the company that provides both liability insurance
to lawyers and title insurance to new condo buyers.
For the full article, click here
|
Home insurance rates soar
Blame it on city hall, the weather, the Mike Holmes effect and maybe our own lack of care. Spurred
by rising costs for water damage as pipes burst and sewers back up into
elaborately renovated and equipped basements, homeowners' insurance
premiums have soared this year - and the situation is only going to get
worse, insurers warn. The average cost of water damage claims in
some parts of Ontario, such as Hamilton, Peterborough, Ottawa and parts
of Toronto, has about quintupled in five years, according to one
insurer.
Click here for the full article
|
Market News
TREB Reports Strong
Growth in October MLS Transactions
TORONTO, November 4, 2009 - In October 2009, Greater Toronto
REALTORS®
reported
8,476 sales, up 64 per cent from October 2008. The average price for October transactions
was $423,559 - up by 20 per cent compared to the same month last year.
"Strong sales
growth has occurred across many property classes - from price ranges that would
attract first-time buyers to luxury properties selling for over one million dollars,"
said TREB President Tom Lebour. "The highest rate of sales growth in October was
experienced for properties selling for over $750,000. In contrast, luxury home
sales declined at an above-average rate last year."
Year-to-date sales,
at 74,721, were up nine per cent compared to the first ten months of 2008.
Average price, at $392,264 was up by almost three per cent.
Click here for more
|
Lebour: HST will raise cost
of living, buying homes
 Starting July 1, Ontarians can expect to pay a harmonized
sales tax rate of 13 per cent on a long list of goods and services that
were previously exempt from the 8 per cent provincial sales tax (PST).
While the impact of the tax will be felt by all Ontarians, the
province's 3 million homeowners, and the thousands who buy and sell
homes every year, will be hit particularly hard by this latest tax
grab.
As real estate professionals, realtors know how important
the dream of home ownership is to Ontario families. Unfortunately,
thanks to the forthcoming HST, that dream is going to become much more
expensive. After July 1, every residential real estate transaction in
Ontario will face a significant tax increase.
Specifically, home buyers
and sellers can expect to pay 8 per cent more on legal fees,
appraisals, real estate commissions, home inspection fees, moving costs
and the provincial government's forthcoming system of mandatory home
energy audits. According to the Ontario Real Estate Association (OREA),
Ontarians will pay, on average, an additional $1,449 in new taxes on
their next residential real estate transaction.
Click here for more information
|
|
For Sale - One Bedroom plus Den in great location!
1369 Bloor St W #1309
BeBloor,
BeChic Model 700 Square Feet Plus 108 Sq.Ft. West Facing Terrace.
Unobstructed Sunset Views. One Bedroom Plus Den, Parking And Locker.
Laminate Flooring In Living/Dining/Den, Ceramic Flooring In Kitchen
& Bath, Granite Counters, Closet And Kitchen Cabinet Organizers,
Extra Cabinetry In Kitchen And Master. 2 Walkouts To Terrace. Unit Is
Over 22 Feet Wide. Construction To The West Is A Low Rise Townhome
Complex. Walk To Subway.
Click here for more information |
Sold! 1200 Sq. Foot Townhome in Liberty Village
21 Pirandello Street
Sold - for 100% of asking, in six days! Liberty Village Light Filled Corner Unit, Only Unique Floor Plan In The
Complex, Over 1200 Square Feet, 3 Bedrooms, 3 Bathrooms, 210 Sq.Ft.
Terrace Allows For Bbq Entertainment, Lots Of Storage Space,
Underground Parking. Walk To Metro, Ttc, Park. Minutes To King And
Queen West, Ossington Food/Entertainment District. Spotless, Like New. Click here for more |
Sold! Perfect starter home at Dufferin/St. Clair
534 Lauder Avenue
We showed our buyer this beautifully Renovated 2 Bedroom Home On Corner Lot and they loved it! Finished
From Top To Bottom With Quality Materials In Demand Area.Renovated
Kitchen W/Oak Cabinets,Tastefully Decorated & Freshly Painted
W/Designer Colours.Two Oversize Bedrooms, Beautiful Wood Trim,
Hardwood,Laminate & Parquet Floors T-Out. Living Rm Features New
Decor Fireplace.Fin.Basement (Weatherproof Sealed-Preserving
Energy),New Gas Furnace & Air Conditioning.Featuring New Siding On
Exterior
|
Sold! Income Property just north of Bloor
32 Symington Ave.
We found this income property for one of our buyers - Beautifully Renovated & Updated... 2
Large + Bright Self Contained Units - Sep. Entrances & Hydro...
Live In 2 Bdrm Lower And Rent Upper (Vacant Jan. 01/10)... Landscaped
Yard & Detached Garage... Close To Subway + GO Train
|
|
