By: Thomas Cook

Cash Back On Closing...

Cash Back On Closing...

What if you’re short of cash for your closing costs?   In addition, you could combine this down payment “creation” plan with a ‘cash back’ plan from a financial institution to help cover your closing costs.   As an example, if you take out a mortgage with some financial institutions at the posted five-year rate, you may be able to get a small percentage of the mortgage principal amount as cash back in your hand on the day of closing.   This is just one example of how our three-plus decades in real estate and our past mortgage experience can benefit you when you buy your home.   We’ll bet some of our own money that no bank will tell you ...Read More

By: Thomas Cook

Avoiding Home Buyers Remorse

Avoiding Home Buyers Remorse

5 STEPS TO AVOIDING HOME BUYER’S REMORSE   Have you ever bought something but then, later on, found yourself regretting that purchase decision?  Well, it’s no big deal when you can easily return or exchange something like a pair of pants or even a leather purse.   A house, on the other hand, is much more permanent.  It’s not only the largest investment you’ll ever make, but it’s also the place you’ll come home to every day, and where you’ll spend years making life memories as your family grows.   There may be increasing pressure to make a quick decision in today’s fast-paced and competitive GTA real estate market, but i...Read More

By: Thomas Cook

Top 6 Home Organization Upgrades that “Spark Joy” for Buyers

Top 6 Home Organization Upgrades that “Spark Joy” for Buyers

Thanks to Marie Kondo and her hit Netflix series “Tidying Up,” home organization is a hot topic right now. Marie encourages her viewers to minimize their possessions and keep only those items that “spark joy.”   With spring in full bloom, now is the perfect time to do some spring cleaning and add organizational systems to your own home. Not only will you clear out clutter, your efforts can actually increase the value of your home.   Ready to give it a try? Here are six home organization ideas that will “spark joy” for you and your property value.   Boost Bathroom Storage Capacity When was the last time you cleaned out your bathroom cupboards...Read More

By: Thomas Cook

Spring market is here… finally !!

Spring market is here… finally !!

For the first time this year, sales were up for April compared to last year with 9,042 houses and condominiums changing hands in all the districts.  Although higher than 2018, these numbers are similar to what we saw 6+ years ago.   Condo townhouse and high-rise suites took a typical 33.5% share of the market with 3,028 units being sold.   The April average sale price for all GTA homes came in at $820,148– up a very slight 1.9% from  one year ago.   The active listing inventory is one of the strongest indicators of how slow or fast the market has been moving.  The inventory average for the month of April compared to historical numbers was basically FLAT co...Read More

By: Thomas Cook

Find Out How Much Your Toronto Condominium Is Worth

Find Out How Much Your Toronto Condominium Is Worth

The traditional Realtor will often market his service to a home seller by offering to come over to their property and tell them what the value of that house or condo is. He or she will also take this opportunity to demonstrate their marketing plan for that home and how they will be able to sell the home quickly.   The problem with that is the seller typically needs more! They also need tips on how to ‘dress their home for success’ by making cosmetic improvements and they need to know what their bottom line will be. The seller should be coached on what improvements they should make and most importantly, the fix-ups they shouldn’t do because the return on investment won&...Read More

By: Thomas Cook

So How Can You Create A Down Payment Out Of 'Nothing'?

So How Can You Create A Down Payment Out Of 'Nothing'?

The first step is to dig out your last Tax Assessment form from Canada Customs and Revenue (you received this when you got your tax refund last spring) and check it to find out your allowable RRSP contribution as of right now.   Many people have several thousand dollars left that they can contribute because they haven’t topped up their contributions annually; some people have a lot more than that.   Let’s assume for a moment that a couple is planning to purchase a home and each of them can top up their RRSP by at least $25,000.   The next step is to arrange for an RRSP loan of $25,000 each. Pretty well everyone can qualify for this loan because the banks keep your ...Read More

By: Thomas Cook

FLAT… FLAT… FLAT

FLAT… FLAT… FLAT

Sales were FLAT for March compared to last year with 7,187 houses and condominiums changing hands in all the districts.  This was tied for the lowest number of sales since 2009 for the month with March 2018.   Condo townhouse and high-rise suites took a typical 35% share of the market with 2,516 units being sold.   The March average sale price for all GTA homes came in at $788,335– almost identical (+0.5%) with one year ago.   The active listing inventory is one of the strongest indicators of how slow or fast the market has been moving.  The inventory average for the month of March compared to historical numbers were basically FLAT compared to last year at this...Read More

By: Thomas Cook

Top 10 Myths That Trip Up First-Time Home Buyers

Top 10 Myths That Trip Up First-Time Home Buyers

If you’re thinking about buying a home, you’ve probably received your share of advice from family and friends. Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment.   With so much information to sift through, it can be tough to distinguish fact from fiction. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions.   Buying a home is a big decision, but it doesn’t have to be a scary one. If you arm yourself with knowledge and a qualified team of support professionals, you’ll be well equipped to make the ri...Read More

By: Thomas Cook

Protecting Your Pre-Approval

Protecting Your Pre-Approval

People mistakenly believe once they’ve been pre-approved or approved by a lender it’s all done. But what they don’t realize a lender may pull their credit 30 days prior to close. They also don’t realize lenders can request updated documents in that time. And, if some of the original information that got you the mortgage approval in the first place changes, and for the worse, you could lose your financing. Here’s a short list of actions that could put your approval on pause: Having additional credit reports pulled by another broker or lender The lender will often pull your credit again right before financing. If the lender sees that other brokers or lenders ha...Read More

By: Thomas Cook

How To Avoid A Tenant Catastrophe When You Sell

How To Avoid A Tenant Catastrophe When You Sell

    I recently was assisting a client with the sale of her condo suite in downtown Toronto and came up against a roadblock. But of a bit of background first… the tenant had been in place for almost nine years and through most of that time, there was an amicable relationship.  However a couple of years ago, things changed… in my mind, both the landlord and the tenant both held some fault in that relationship failure… and the spirit of mutual cooperation disappeared. My client decided to sell the suite but we immediately started to encounter problems with access.  First, the tenant changed the keys but ultimately we got that solved. Then, the tenan...Read More