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Downtown Toronto Lifestyle and Market News
15 Steps To Mastering The Home Buying Process
The home buying process can take as little as a few weeks or stretch out to several months or longer. When buying brand new construction, it can even take up to three or four years to go thru all the steps. I’ll give you a brief description of each step when buying a resale house or condominium so you can get a feel for how it al...
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Toronto home prices sink but sales increased in August
Sales were down 35% for August compared to last year with 6,357 houses and condominiums changing hands in all the districts. Although it’s common for the market to dip lower in the summer months, this was extreme… the lowest sales for an August since 2010. Condo townhouse and high-rise suites took a bigger 39.4% share of...
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Being Beautiful Matters No Matter The Size
Typical condominium bathrooms are not large, unless you’re in a 1,500 sf+ suite, but, no matter the size, you still want your bathroom(s) to show well. When we, or a tenant, are in residence, it’s normal for countertops to become cluttered with personal hygiene items, the sink to show the stains from an electric toothbrush spray and th...
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How To Avoid A Bad Credit Rating
It may not be great now, but with a little effort—and admittedly, a lot of time—you can give your credit score a big boost. Once a collection item hits your credit score, the damage is done. With your FICO score, the only thing that can heal your score is time. So how do you improve your credit score? Everybody’s sit...
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Lowest July Sales Since 2002
Sales were down 40% for July compared to last year with 5,921 houses and condominiums changing hands in all the districts. Although it’s common for the market to dip lower in the summer months, this was extreme… the lowest sales for a July since 2002. Condo townhouse and high-rise suites took a bigger 38.6% share of the ...
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Home Buying Process Timeline - What Should You Do First?
After many years of helping Toronto house and condo buyers, we’ve found that, with the exception of occasional sudden events, most house and condo buyers begin their home buying search about six to twelve months from the date they ultimately pick up their keys from their lawyer and move in to their new home. Those sudden events might i...
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Beware Of Awkward Sensory Experiences Destroying Your Sale
How do you think your condominium suite, or building for that matter, will stand up to an examination by every buyer’s senses… sight, smell, hearing, feel and taste? Well, maybe not taste so much but certainly by the other four. Prospective purchasers will have all four of those senses turned on high when they enter your buildin...
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3 Things You Absolutely Need To Be A Successful Buyer
Cash, Cash, Cash… You’ll definitely need the big bucks to buy a house or condo in Toronto. For purchases up to $500,000, you’ll need a minimum of 5% down payment and for purchases between $500K and $1,000,000 you’ll need a minimum of 7% down. Closing costs are over and above that. When asked by a b...
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BIG Drop In The June Market Stats
Sales were down 37.4% for June compared to last year with 7,974 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suites took a bigger 37.6% share of the market with 3,000 units being sold. The June average sale price for all GTA homes came in at $793,915 – a still significant but much mo...
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Why Meet With An Agent Before Starting Your Home Search?
One of the things that most agents do when you first contact them is to ask you a few questions over the telephone such as what are you looking for, how many bedrooms and bathrooms and what neighbourhoods were you thinking of? Then they will just throw you in their car, take you around and tour you through a bunch of homes. More often ...
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