Fall Market Picking Up Steam

Prices_Late_Sept_2013

After a bit of a sluggish start in early September, the fall market in the Toronto area has slipped into a higher gear over the past week. The average GTA selling price for the first two weeks of September was $515,000, but in the past week it was $546,000. The overall price for the month… Read More

Never Sign Rental Contracts At The Door

Ontario consumers will get stronger protection and more rights when dealing with door-to-door sales of water heaters. Bill 55, which passed second reading this month, will give you 20 days to change your mind after signing a water heater rental contract at the door. Suppliers can’t charge fees to remove equipment installed in that time…. Read More

How To Keep Your Home’s Purchase Price Secret

House Price

Many buyers would like keep the price they are paying for their home off the public title record. It can be done if you pay the land transfer tax in advance. The tax is usually paid by your lawyer, but you can do it yourself as long as you include these documents with your request:… Read More

Luxury Home Sales Expected To Climb

Luxury Home Sales on the Rise

Sales of luxury homes will likely gain momentum in the fall, fuelled by demand from international investors, according a new report from real estate sales and marketing company Sotheby’s International Realty Canada. The company said Tuesday that sales of high-end homes worth at least $1 million were up in major Canadian urban markets in the… Read More

What Your Home Insurance Won’t Cover

Home Insurance

If you’re selling your home and the buyer asks whether you’ve had a fire or there has been other damage to the house, just tell them and avoid trouble later. In an unusual case revolving around this principle, Zahid Shah, a Brampton man who was sued by the buyers of his home for withholding that… Read More

Toronto Has Longest Canadian Commute Times

Commuter Traffic

  Canadian cities have seen resurgence in recent years as living downtown has become popular. Condominiums in city centres continue to attract everyone from first-time buyers to downsizing seniors. Yet one look at the packed roads leading into the city shows that suburban living is not dead. Improving the infrastructure for overloaded roads and public… Read More

Why Canadians Can’t Buy Flood Insurance

Flooded House

Flooding in Canada is getting worse. The Insurance Bureau of Canada (IBC) estimates the industry pays out $1.7 billion per year in claims due to water damage, and that doesn’t include bills from massive flooding in Southern Alberta and Toronto in the summer of 2013. Floods are the most frequently occurring natural hazard in Canada,… Read More

Making The Most Of Small Kitchens

Small Kitchen

Many people complain about small kitchens but tiny spaces aren’t always to be dreaded. If you’re selling your home and your kitchen is, well, compact, know that you can find ways to achieve big appeal with a little creativity. Bring in the light. Sometimes small kitchens can be dark, making them feel even smaller. But… Read More