Submitted by Jasmina on Sun, 2015-12-13 13:28.

Canada is doubling the minimum down payment for insured mortgages to 10% from 5% for the portion of a home’s value from $500,000 to $1-million. The Canadian government said the new rules, which affect higher-priced properties, are mainly targeted at the most expensive markets, particularly Toronto and Vancouver.

As of Feb. 15, there will be additional down payment requirements for homes that sell for between $500,000 and $1 million. The current 5% minimum down payment for the first $500,000 of the house price will be maintained, while requiring a 10 per cent minimum down payment for the portion of the house price in excess of $500,000. Ottawa had already restricted mortgage insurance to homes valued at less than $1-million, and the new rules leave the minimum down payment for more expensive homes unchanged at 20 per cent.

Submitted by Jasmina on Wed, 2015-08-19 15:54.

You already know that Toronto house prices are now averaging $1 million, but did you know that a similar detached home in Richmond Hill will cost a move-up home buyer $150,000 more? It's hard to believe, but Toronto MLS Sold Data reveals this strange truth:

What's a move-up home buyer to do?

Submitted by Jasmina on Mon, 2015-06-15 02:10.

Home buyers will finally have protections against "phantom bids" used by some unscrupulous agents to drive up the prices of homes:

Submitted by Jasmina on Sun, 2014-08-31 14:54.

Since paying attention to seasonal trends in the real estate market can give you an advantage, here is a little gift from my collection of historical home sales data on Toronto MLS – a graph based on trends from the past 5 years:

Download full PDF Report

What do these Seasonal Patterns tell us?

Submitted by Jasmina on Sun, 2011-06-12 02:03.

Peggy's Corner - Stage Your Home for Profit DVDDo you want multiple offers as soon as Your Home goes on the market?

If your answers are yes, call Jasmina at 905-731-2000 to arrange your Home Evaluation and receive a 50 minute "Stage Your Home for Profit" DVD – both absolutely FREE! DVD contains Step-by-Step instructions to easily and profitably prepare your home for sale.

What is Home Staging?

Home staging is the process of preparing a home for sale. Through merchandising your goods, staging shows potential home buyers that your home is the best product available. Real estate experts know that a staged home sells faster and for considerably more money than one that is not staged.

5-Star Reviews on Amazon!

Submitted by Jasmina on Mon, 2010-03-15 01:31.

Click Here to Request a FREE Home Maintenance Book! Your home is one of the single biggest investments you are ever likely to make, so you will want to do all you can to care for it. A home, like an automobile, will require attention from day one. Preventative maintenance is far more cost-effective than the crisis management approach of waiting until something breaks or wears down and having to scramble to have it repaired. Preventative maintenance can avoid repairs, extend the life expectancy of many components and reduce energy consumption. A well-maintained home typically sells more readily and brings a higher price.

Call 905-731-2000 to receive a Complimentary copy of "Manual for a Happy Home" - book published by the National Association of Certified Building Inspectors (NACHI), when you begin searching for your Dream Home in the GTA with me!

Why Manual for a Happy Home?

Submitted by Jasmina on Tue, 2010-02-02 01:51.

Ontario Real Estate Association Newsletter - February 2010According to many of Canada’s top economists, higher interest rates – and debt servicing costs – may be just around the corner. Exactly when rates will rise is unclear and depends on who you talk to.

In its latest Financial System Review, The Bank of Canada judges that vulnerability of Canadian households to adverse wealth and income shocks has grown in recent years. “At present, Canadian household finances appear quite healthy,” Governor Mark Carney says, but it is the responsibility of households now to ensure that in the future, when the recovery takes hold and extraordinary measures are unwound, they can still service their debts.”

The Bank of Canada still maintains it will hold the line on rates until July of this year, and many analysts believe rates may start to rise in the fall of 2010, with some expecting a full three percentage point hike by the end of 2011. Here’s a summary of a few of the forecasts for where interest rates are headed over the next year and a half:

TD Canada Trust Quarterly Economic Forecast

Submitted by Jasmina on Sat, 2009-08-08 21:13.

Toronto Real Estate Facts

Spring home buying frenzy continued in June. Buyers and sellers reached deals on 10,955 properties, which is 27% more compared to the same period last year. The average price for MLS sales was $403,972, up by two per cent compared to last year.

It is very unusual what is happening on the market and even the oldest agents in my office haven’t seen anything like this. All of the sudden we are seeing multiple offers, but it is hard to believe recession is coming to an end. I think that sellers were afraid to list so we have a shortage of supply. If that’s the case market will soon become balanced.

If you are a home buyer who missed Toronto Real Estate market bottom while waiting for recession to push home prices further down, then you should check out my article Where to get good deals now?

Submitted by Jasmina on Fri, 2009-07-10 13:03.

To establish your property’s assessed value, Municipal Property Assessment Corporation (MPAC) analyzes property sales in your community and applies the Current Value Assessment (CVA) method, which is used by most assessment jurisdictions in Canada and throughout the world.

In addition to sales, MPAC looks at the key features of every property and may consider up to 200 factors when assessing the value of a residential property. Five major factors that account for 85% of the value are:

Submitted by Jasmina on Thu, 2009-07-02 21:48.

Where is my money? It was only a matter of time before Canada Mortgage Rates, which have plunged by almost 50% in the last year, turned higher. The days of ridiculously cheap mortgage rates appear to be over. Now they're just cheap. Here's the latest media roundup:

How high will mortgage rates go?

Recent increases in mortgage rates and bond yields have many home owners wondering how high rates will go, how soon, and what they should do to save the most money. They ask: Should I stick with a low variable interest rate? Or switch to a fixed rate?

Have you missed the great Canadian mortgage sale?

With interest rates hovering near dramatic lows, many Canadian home owners have been taking advantage of rock-bottom mortgage rates to break their existing contracts and refinance at a lower rate. But mortgage rates rose quickly and dramatically last week, leading some to wonder if they have missed the sweetest mortgage recession sale in recent history.

Submitted by Jasmina on Sun, 2009-06-28 17:20.

Royal LePage Your Community Realty & Jasmina Zivkovic welcome you to 10 Post Oak Drive

Home for Sale #022 Beautiful 3 bedroom Townhouse located in a very desirable Richmond Hill neighbourhood, steps away from Yonge Street and Viva transit:

  • Large windows provide much sunlight and great view of Toronto skyline.
  • Built by Sierra, featuring
    1. Gleaming Hardwood floors
    2. 9 foot ceilings on the main floor
    3. Marble fireplace
    4. Family size breakfast area with Walk-out to balcony
    5. Direct access garage.
  • Low Maintenance Fee of only $168.58 per month!

For a full list of amenities check out my other listing "Quality Home in Superb Richmond Hill School District" in the same condo complex.

Take a Peek Inside

Submitted by Jasmina on Wed, 2009-06-24 08:17.

If you are one of the buyers who was waiting for home prices to come down more, than you have missed the housing market bottom in the GTA. But don't worry, you can still find great deals in the areas & home types that depreciated more during this downturn.

Toronto neighbourhoods to look at

Submitted by Jasmina on Sat, 2009-04-04 19:42.

Ladybugs come to my garden.A beautiful, well-maintained yard is a source of pleasure and relaxation for everyone. A little planning can help reduce carbon dioxide levels, promote environmental sustainability and can even save you a little money. Here are a few Eco-smart gardening tips to transform your garden and yard into an environment that is both beautiful and eco-friendly:


According to Statistics Canada, using a standard gas mower for one hour causes the same amount of pollution as driving a new car 550 km. For a greener alternative, try using push reel or electric mowers and cordless trimmers. These non-gasoline powered solutions help eliminate harmful emissions, are quieter, and can save you anywhere between $55-550 in annual fuel costs. This analysis is based on data from Environment Canada.

Submitted by Jasmina on Tue, 2009-03-31 00:41.

Federal Budget 2009 NewsThe Federal Budget 2009 recognizes economic importance of housing to stimulate the economy introduces several incentives to get Canadians spending by buying a first time home, or renovating the one they are already in. New Canada's Economic Action Plan includes:

  1. Home Buyers’ Plan Withdrawal Limit Increase
  2. First-Time Home Buyers’ Tax Credit
  3. ecoENERGY Retrofit Homes Grant
  4. The Home Renovation Tax Credit

Submitted by Daniel on Fri, 2009-01-16 15:35.

I just received this joke via email and wanted to share it with all of you out on the web. It's not that we have anything against For Sale By Owners:

Funny For Sale Sign

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