Submitted by Jasmina on Sat, 2007-01-06 23:48. - Athome: FIRST-TIME BUYER:

Sandra Rinomato a host of HGTV's Property Virgins agrees with that. "Real estate is a fantastic investment. It's important to diversify, but I think everyone should have it in their portfolio," she says. "Conservatively speaking, real estate equity goes up by 5 per cent each year in Toronto. That means that just by having the house they'll have made money." The fact that the house has rental units is an added bonus. "Six hundred dollars in monthly rental income will carry $100,000 worth of mortgage based on a 25-year amortization period," she adds. "Twelve hundred dollars can carry $200,000, and so on. "What that means is that with two rental units in the house and the right market rent (Olga) could still own her home if extenuating circumstances like a job loss intervened."


Submitted by Jasmina on Thu, 2007-01-04 01:38.

RBC Housing Affordability Index - December 2006RBC Economics - Housing affordability highlights for Toronto Area:

Housing affordability in Toronto finally improved for three out of four housing classes.

A quarterly decline in house prices, relief in monthly utility bills, a peak in mortgage rates and modest income growth combined to finally fuel a tiny improvement in housing affordability for the detached bungalow, town house and condo markets in the third quarter of 2006.

Toronto's housing market has gradually moved into more balanced territory. The mid-point of 2006 marked a turning point for many central and eastern Canadian cities, including Toronto — whereby housing markets cooled off as house prices continued to come off the boil and softening income growth started to kick in. Two-storey home prices are flat over year ago levels, while prices of condos, bungalows and town homes dipped mildly in the third quarter of 2006 and are up only modestly on an annual basis.

Submitted by Jasmina on Mon, 2007-01-01 18:16.

Better Business Bureau - How safe are you from identity fraud?Real Estate fraud is a broad term used to describe the different types of fraud:

Mortgage Fraud

Mortgage fraud is a type of real estate fraud that most often hurts the financial institutions that lend money for purchasing property. The most common form of mortgage fraud involves fraudsters acquiring property and then artificially increasing the property’s value through a series of sales and resales between the fraudster and someone in cooperation with them. A mortgage is then secured on the property based on the price that has been artificially inflated.

Title Fraud

Title fraud is a different type of real estate fraud that most often hurts individual homeowners. In comparison to the more than two million real estate transactions that occur each year in the province, there are a limited number of cases of title fraud. The most common forms of title fraud involve fraudsters using stolen identities or forged documents to transfer a registered owner’s title to himself or herself without the registered owner’s knowledge. The fraudster then obtains a mortgage on this property and once the funds are advanced on the mortgage, he or she disappears. This type of fraud is also sometimes referred to as “mortgage fraud.”

Consumer Protection Guide - The Ministry of Government Services (MGS) of Ontario urges Homeowners to protect their property by protecting themselves from Identity Theft!

What is Identity Theft?

Submitted by Jasmina on Sun, 2006-12-31 05:31.

Ontario home owners will no longer lose their property as a result of a fraudulent sale, counterfeit power of attorney or fake mortgage! Key Bill 152 elements with respect to Real Estate Fraud are:

  • Ensures that ownership of a property cannot be lost as a result of the registration of a falsified mortgage, fraudulent sale or a counterfeit power of attorney.
  • Implements a streamlined and expedited Land Titles Assurance Fund process for individuals who are victims of fraud so that title is returned and a decision on compensation is made within 90 days.
  • Introduces additional safeguards for suspending and revoking the accounts of fraudsters so that they cannot register documents.
  • Raises existing fines for real estate fraud related offences to $50,000 from $1,000.

Submitted by Jasmina on Sat, 2006-12-23 15:34.
2007-01-01 00:01

A time of gratitudeA time to bring from the past
All that is right and good,
To give to the future
The best that we have to offer.

May the New Year
Bring you new dreams,
Ever happiness
And peace.

At this very special time of the year, I like to look back and give thanks to all of the wonderful things that have happened to me over the past year. I want to thank each of my valued clients! Referrals from you and other friends are the most important asset in my growth as a real estate salesperson. I really appreciate your thoughtfulness!

I look forward to helping you with any of your future real estate needs and hopefully servicing you in the years ahead.


Submitted by Jasmina on Fri, 2006-12-22 17:21.
2007-01-13 20:00
2007-01-13 22:00

Sultan Prospects of Canada would like to invite you to the fifth annual Juvenile/17U Girls Basketball Sultan Prospects Basketball GameTournament held in the Cities of Oakville and Mississauga. Along with the Tournament Games, there will be an All-Star Celebrity Game between Toronto Argonauts and the Hamilton Tiger Cats in effort to Raise Funds for Breast Cancer Research. Players from both teams past and present will represent their Football Teams on the basketball court. After the Celebrity game there will be a 45 minute session to allow spectators time to get pictures and autographs with their favourite celebrities!

Celebrity Game Tickets will be sold in advance and at the door at a cost of $10.00 each.

Submitted by Jasmina on Tue, 2006-12-19 19:14.

Royal LePage Helping You...The more people know about real estate, the more likely they are to choose Royal LePage when the time comes to buy or sell. I have extracted summaries of Average House Prices in Greater Toronto Area from our quarterly report (October to December 2006). Seven categories of housing are surveyed, including four types of detached homes, townhouses and condominium high-rise apartments. Each housing type and its amenities are specifically described, permitting comparison of value across Canada. This includes many regional variances, for which adjustments in value estimates have been applied:

Submitted by Jasmina on Tue, 2006-12-19 18:09.

Royal LePage Historical Database - Average House Price in North Toronto:

7 Types of Housing Price Oct 2006 Est. Taxes Est. Rental Price Jul 2006 Price Oct 2005 Chg. 1 Year
Detached Bungalow 480,000 - - 480,000 478,000 0.4
Executive Detached Two-Storey 1,345,000 - - 1,341,250 1,260,000 6.7
Luxury Condominium Apartment 580,000 - - 585,000 590,500 -1.8
Senior Executive 1,485,000 - - 1,415,000 1,471,000 1.0
Standard Condominium Apartment 331,000 - - 340,000 326,000 1.5
Standard Townhouse 484,000 - - 442,500   -
Standard Two-Storey 588,000 - - 600,000 576,000 2.1

Submitted by Jasmina on Tue, 2006-12-19 17:52.

Royal LePage Historical Database - Average House Price in Markham:

7 Types of Housing Price Oct 2006 Est. Taxes Est. Rental Price Jul 2006 Price Oct 2005 Chg. 1 Year
Detached Bungalow 425,000 4,199 2,000 430,000 425,000 0.0
Executive Detached Two-Storey 460,000 4,545 2,300 480,000 425,000 8.2
Luxury Condominium Apartment 345,000 3,408 2,100 363,000 330,000 4.5
Senior Executive 545,000 5,384 2,400 565,000 485,000 12.4
Standard Condominium Apartment 275,000 2,717 1,500 282,000 260,000 5.8
Standard Townhouse 300,000 2,964 1,600 300,000 280,000 7.1
Standard Two-Storey 425,000 4,199 2,000 430,000 385,000 10.4

Submitted by Jasmina on Tue, 2006-12-19 17:49.

Royal LePage Historical Database - Average House Price in Woodbridge:

7 Types of Housing Price Oct 2006 Est. Taxes Est. Rental Price Jul 2006 Price Oct 2005 Chg. 1 Year
Detached Bungalow 425,000 - - 422,250 392,000 8.4
Executive Detached Two-Storey 472,000 - - 471,000 436,041 8.2
Luxury Condominium Apartment 269,000 - - 262,636 273,063 -1.5
Senior Executive 472,245 - - 472,245 561,826 -15.9
Standard Condominium Apartment 275,400 - - 271,357 257,441 7.0
Standard Townhouse 293,603 - - 293,026 264,977 10.8
Standard Two-Storey 348,000 - - 348,000 360,200 -3.4

Submitted by Jasmina on Tue, 2006-12-19 17:46.

Royal LePage Historical Database - Average House Price in Unionville:

7 Types of Housing Price Oct 2006 Est. Taxes Est. Rental Price Jul 2006 Price Oct 2005 Chg. 1 Year
Detached Bungalow 450,000 4,446 2,300 460,000 433,000 3.9
Executive Detached Two-Storey 540,000 5,335 2,500 580,000 500,000 8.0
Luxury Condominium Apartment 430,000 4,248 2,100 430,000 385,000 11.7
Senior Executive 660,000 6,521 3,300 660,000 620,000 6.5
Standard Condominium Apartment 330,000 3,260 1,600 345,000 300,000 10.0
Standard Townhouse 375,000 3,705 1,750 385,000 320,000 17.2
Standard Two-Storey 460,000 4,545 2,300 480,000 400,000 15.0

Submitted by Jasmina on Tue, 2006-12-19 17:33.

Royal LePage Historical Database - Average House Price in Thornhill:

7 Types of Housing Price Oct 2006 Est. Taxes Est. Rental Price Jul 2006 Price Oct 2005 Chg. 1 Year
Detached Bungalow 500,000 4,000 1,700 500,000 450,000 11.1
Executive Detached Two-Storey 525,000 4,500 1,800 525,000 460,000 14.1
Luxury Condominium Apartment 295,000 3,800 1,750 295,000 285,000 3.5
Senior Executive 580,000 4,800 2,400 580,000 550,000 5.5
Standard Condominium Apartment 260,000 2,500 1,600 260,000 240,000 8.3
Standard Townhouse 235,000 2,600 1,400 235,000 225,000 4.4
Standard Two-Storey 400,000 3,200 1,600 400,000 350,000 14.3

Submitted by Jasmina on Tue, 2006-12-19 03:30.

Royal LePage Historical Database - Average House Price in Richmond Hill:

7 Types of Housing Price Oct 2006 Est. Taxes Est. Rental Price Jul 2006 Price Oct 2005 Chg. 1 Year
Detached Bungalow 335,000 3,200 1,500 335,000 300,000 11.7
Executive Detached Two-Storey 385,000 3,800 1,700 385,000 360,000 6.9
Luxury Condominium Apartment 245,000 2,600 1,600 245,000 235,000 4.3
Senior Executive 475,000 4,500 2,400 475,000 420,000 13.1
Standard Condominium Apartment 235,000 2,800 1,400 235,000 225,000 4.4
Standard Townhouse 235,000 2,400 1,400 235,000 225,000 4.4
Standard Two-Storey 340,000 2,800 1,550 340,000 300,000 13.3

Submitted by Jasmina on Fri, 2006-12-15 17:08.

TORONTO, Dec. 14 /CNW/ - Canada's housing market remains strong as 2006 closes, house prices forecast to increase by 6.5 per cent in 2007: Fuelled by a vibrant economy and strong consumer confidence, Toronto's housing market sustained robust activity levels in the fourth quarter.

The upward pressure on house prices in Toronto eased slightly during the fourth quarter due to an increase in listings, and the frenzied conditions and frequent multiple offers which characterized the market during 2005 were no longer widespread.

Sellers have had to be mindful to not over-price their properties, as buyers have been passing over homes that are unreasonably priced. Conversely, homes that show well and are priced accurately have continued to sell quickly.

Average house prices are based on an average of all sub-markets examined in the area:

Home Type                   Q4 2006        Q4 2005    % Change
Detached Bungalows 378,406 361,188 4.8%
Standard Two Storey 480,455 458,827 4.7%
Standard Condominium 255,345 241,772 5.6%

Submitted by Jasmina on Wed, 2006-12-13 01:17.

YORK REGIONAL - Regional News Story: A provincial or national registry of marijuana grow operations would offer a false sense of security to those who rely on it, York Regional Police Chief Armand La Barge said. A major problem with that kind of warning system, is grow-ops that have not been discovered by police would not be part of the registry, Chief La Barge said. Instead, Chief La Barge supports Provincial Bill 128, which allows police to inform municipalities a grow-op has been discovered and requires city administrators to ensure an inspection is done to make sure a home used as grow-op falls under the building code before it is resold.

A recent phenomenon is people purchasing known grow-op homes at reduced prices and refurbishing them to make substantial profits in a resale. That could lead to criminals showing up at the address believing it's still a grow-op, which could be dangerous for the new homeowners, Chief La Barge said. York's top cop suggests a thorough home inspection before buying goes a long way to expose past criminal uses.