Toronto, York Region & GTA Real Estate Newsletter - Fall 2006

Submitted by Jasmina on Sun, 2006-12-03 22:57.

Welcome to Fall 2006 issue of JasminaHomes.ca Realty Watch Newsletter!

All of the stories published in this issue are also accessible via my http://jasminahomes.ca/tagadelic page. The bigger the font the more articles I have on the topic.

Enjoy it!

Sincerely,
Jasmina Zivkovic

BUYING REAL ESTATE

Check out what Typical House Price in Toronto gets you!

The average house price in the greater Toronto area is $356,423, but the GTA is a huge area, covering 86 districts from Burlington to Newcastle and as far north as Orangeville. "When making direct comparisons, it's important to note that some areas of Canada have different approaches to calculating the average price," says Dorothy Mason, president of the Toronto Real Estate Board. Toronto covers a huge area and includes all housing types, which drives the average price down. If you want a single-family house in the city, you'll be paying a lot more. How much more? "When people start looking for a house, most want to be between St. Clair and Wilson, and between Avenue Road and Bayview," says Cheri McCann [real-estate agent with Sutton Group]. "There's easy access to downtown by car or subway, great schools, safe neighbourhoods and lots of stores and restaurants within walking distance." But the GTA's average house price won't even buy you an empty lot in this area... read more

Royal LePage Carriage Trade Luxury Property Report: Canadians are embracing luxury living more than ever before

Press Releases - Canadian Real Estate and MLS Listings (TORONTO, November 24, 2006): Canadians are embracing luxury living more than ever before - and if they are not currently living in a luxury home, many aspire to someday live in the lap of luxury. As a result, the number of unit sales of luxury homes has skyrocketed in Canada's major markets... read more

Canadian Real Estate Association: House prices, new listings on the rise

The number of new listings jumped by 10 per cent to 47,744 last month from 43,419 at the same time a year ago. "New listings continue to trend higher, which is giving buyers more choice and taking some of the steam out of many local housing markets," said CREA chief economist Gregory Klump. He said a more balanced market will give buyers more negotiating power and time to make decisions. "That trend is forecast to continue, and result in smaller price increases in 2007," he said... read more

Know the signs of Marijuana Grow Houses

Marijuana grow houses are typically filled with mould and have faulty electrical wiring because circuits are tampered with as growers bypass metres measuring power consumption. However, it can be difficult for REALTORS to identify a former grow op if tell-tale signs have been covered up. While grow ops often require extensive cleanup and repair, it is possible that these repairs were never made and the real damage is hidden. Noticeable signs that you may be dealing with a former grow op include:... read more

Top 10 Bidding War Basics For Home Buyers

HGTV.ca teaches you how to prepare for a multiple bid situation:... read more

SELLING REAL ESTATE

Take control when selling your home, early vigilance can save cash

By hiring their own inspector, sellers can ease the pressure from sole reliance on the buyer’s report. Problem areas became negotiable items. The usual approach is to wait for an offer before inspectors scope out a home. Once inspectors for buyers get involved, though, it opens a Pandora’s box of costs and demands. Buyers push the envelope; sellers, sometimes panicked by lack of other offers, capitulate... read more

10 cheap fixes to boost your home's value

Changing market conditions necessitate making the house as presentable and appealing as possible for sellers. This MSN Real Estate article lists some inexpensive renovations that will actually increase your home’s value... read more

Beware of signing OREA Seller Property Information Statement disclosure form

SPIS is one of the most controversial forms used in the real estate field today! The Ontario Real Estate Association form lists 47 questions to be answered in writing by the sellers of each home. At present, the forms are not mandatory in Ontario, and in my experience they have been a gold mine for litigation lawyers — creating more problems and disputes than they were intended to avoid... read more

Top 10 Checklist For An Open House

Use this checklist to help you ready your home for an open-house and sell It faster:... read more

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