Saturday, January 30, 2010
Friday, January 29, 2010
Thursday, January 28, 2010
Some consumers will now be able to go to their local supermarket and pick up a more substantial purchase than dinner -- a house. RE/MAX of New England is teaming up with a large supermarket chain to open "micro" real estate offices in grocery stores, the franchise real estate brokerage announced this week. http://tinyurl.com/ycw4lgbThe company has signed an exclusive, five-year agreement with Quincy, Mass.-based Stop and Shop Inc., one of the largest supermarket chains in New England with more than 375 stores throughout New England, New York and New Jersey, according to Stop and Shops Web Site."The (real estate offices) will be at the front of the store. We wanted to have facilities where we could have additional awareness to our brand and our agents. Stop and Shops have such a large traffic volume that they seemed to be a perfect fit," said Jay Hummer, executive vice president of RE/MAX of New England.
Monday, January 25, 2010
You found an online evaluation site that you clicked. You completed the sign in data on a "squeeze Page" and expected something to arrive in your email inbox of your home's value.
This prospect lead was sold through a string of companies to the "local" Realtor that will pay the most for that particular postal code. The company is not selling credibility. They are selling your name and your phone phone number to the highest bidder. This has no bearing on the skill or experience of the person who will return your call.
Go on the internet and start looking for a realtor who is strong and prominent on the internet in addition to video marketing and has experience in your locale. Google Me
My operating area is from the 427 at the QEW encompassing the Humber Bay Shores community and going west into Oakville. This allows me to react to sign calls and client inquiries within a half hour.
I will need to see the inside of our house because you, understand, that two homes can be very similar from the outside, but may be very different on the inside. They have had different upgrades over their lifetime with different owners. This permits me to provide a closer estimate of your homes value and realistic expectations.
Ask around, Google me. Then call. 905 361 3387 email@example.com
- WHY is the vendor selling?
- HAVE they bought another property?
- WHAT possession is most preferable?
- HOW long have they owned the property?
- HAVE they had any other offers?
- ARE the vendors just trying the market?
- HOW long has the property been on the market?
- The more you know, the higher the likelihood of knowing which cards to play.
Sunday, January 24, 2010
The initiative; Join Waterfront Toronto as we unveil the details behind Parkside — the first private sector development in East Bayfront. Great Gulf Group of Companies, the developer selected to lead Parkside, plans to build a major mixed-use complex designed by world-renowned architect Moshe Safdie. Parkside will be Mr. Safdies first residential project built in Canada since his landmark Habitat 67 in Montreal. Follow www.waterfrontoronto.ca for more information about Torontos waterfront revitalization .
What are your thoughts on a Live Laugh Play Work near the water in Toronto; Would you live there? Is it sustainable?
Friday, January 22, 2010
Thursday, January 21, 2010
Sorry to burst your bubble Toronto
When a major realtor releases a “market report” you can be sure the conclusion will be that prices are stable and/or improving (otherwise the report is staying under wraps).
Nevertheless, I would agree that Canadian real estate will continue to be seen by most people as a good place to invest their money, but not necessarily because of any sophisticated economic insights.
- 1. In an increasingly erratic world (in terms of politics, economics and even climate) Canada is regarded as a safe and stable place to live and own property
- 2. There is no longer any such thing as a ‘blue chip’ stock or bond (Nortel? GM? AIG? Bernie and the boys?)
- 3. Banks charge you more in fees than they pay you in interest.
- 4. Whatever happens to the price, properties have a day-to-day practical value -- you can use them or generate revenue.
- 5. Interest rates are likely to stay single-digit for some time, making ownership more sensible than renting (for those that want to own) and carrying costs sustainable (for those who want to be landlords).
- 6. Nobody has yet been able to explain derivatives or why they are sensible investments (except for the middlemen)
I don’t foresee the Toronto market collapsing, even in condos, but all these statistical trends and averages provide highly superficial insights.
One still needs to understand the submarkets very carefully. For the next six months, I expect overall real estate stability, but there are indeed some “bubbles” out there that will inevitably burst. There are also still some serious pockets of opportunity.
Harry Stinson was one of the first Toronto developers to recognize the potential for urban condominiums, to develop residential lofts, and to convert old office and warehouse buildings into residential spaces. His current project is the Stinson School Lofts, an 1894 heritage building in Hamilton, Ont., that he is converting into stylish and affordable lofts.
David Pylyp So lets recap; Prices will be stable, Some locations may be over priced, some are under priced and are an opportunity. Where do you weigh in on the Bubble Trouble?
Feel free to add all your comments.
Wednesday, January 20, 2010
So here we are it’s a new decade 2K10
It’s a new decade and you have found a best way on the internet to find an experienced professional tech savvy realtor in the Toronto GTA serving Etobicoke Mississauga and Oakville.
I could talk to you about;
- What sold on that street or neighbourhood
- How much per square foot in that condo complex
- How many days was it on the market
- How will you deal with Mom & Dad’s Housing needs
- First Time Buyer rebates and Land transfer Taxes
- Securing and Booking your financing commitment and interest rate
But we ne
- You ne
ed to know that I will pay attention to your needs
- I will listen to your list of requirements
- You ne
ed to be confidant that I won’t push you into something you don’t want
- We will devote the time, energy and resources that you need for your purchase
- We will look at as many houses as you ne
ed to see, to feel comfortable
- We will explain every aspect of your real estate transaction as many times as necessary
- You and I will continue our dialogue long after you have moved in to discuss what mortgage renewal rates are available for you and what is selling on your street.
We will (with your permission) advise the people living on your new street who will be moving in, so that you can feel welcomed and make new friends easier.
Drop in and Visit me at our Square One offices for a coffee or tea. We can discuss whatever is on your mind. Call me at 647 218 2414 or 905 361 3387 email: firstname.lastname@example.org
Tuesday, January 19, 2010
Dear RE/MAX Sales Associates, Broker-Owners and Managers:
Taking back the industry
2009 proved to be a defining year for real estate, creating two very separate and distinct categories of realtor.
Experienced professionals, who stayed the course, adjusting to new conditions and adhering to solid business plans, were ideally positioned for the turnaround and emerged victorious from the downturn. The fair-weather realtors who were ill-prepared and panicked, who chose to bury their heads in the sand, were not.
I think it's time we formally acknowledge the elephant in the room.
Last year, one in five realtors failed to sell a home on TREB -- the largest board in the world. From what I understand, the same problem exists in smaller boards across Ontario and Atlantic Canada.
No one in the industry, however, has mentioned how this threatens both the consumer and the profession. Our industry is overrun by part-timers who lack the knowledge and experience to service their clients adequately. The ease with which they can hang a shingle and tarnish our profession is astounding.
Personally, I can't believe that no one has challenged this reality. With the exception of those sales associates that are new to the business – and we have some stellar rookies who have already achieved Platinum Club in their first year in the business -- and those that are winding successful real estate careers, I find it hard to fathom that one in five agents sell nothing at all. Fifty-three per cent do not do a deal a quarter yet are prepared to provide guidance to buyers and sellers making the largest single financial transaction of their lifetime.
Just who is looking out for the real estate consumer? Cab drivers? Waiters? This trend is not in the best interest of our clients, and if we, as realtors, want to raise the bar in the industry, this simply cannot continue.
Here are my thoughts on the issue. For starters, at least one-quarter of agents should be barred from trading in real estate…it's time to put the professionalism back in the profession. It's time we raise the bar and set new standards. If we don't, this group of unqualified realtors will continue to have a serious negative impact on the industry.
If this sounds familiar, it's because you've heard it before. One year ago, I talked about how uncommitted realtors were creating problems within the industry. However, at that time, economic concerns loomed overhead, a global financial crisis was brewing, and home sales had slowed to a crawl. We thought that the downturn would clean house, effectively purging the industry of non-producers and part-timers.
But the slowdown proved short-lived. And as real estate gained momentum, everyone jumped in it to make a fast buck. So it's time to get serious. We need to enlist your help and create a plan of action. After all, the greatest opportunity to raise standards is through licensing and we'd like to see stricter rules governing the registration of realtors. What about introducing a minimum sales requirement before licensing? Or an apprenticeship program where new sales associates gain valuable insight before they are licensed?
I challenge anyone in the industry to argue why a part-timer or non-producer should be allowed to trade in real estate. Stand up and please tell us how consumers benefit. Explain why Ontario needs 57,000 realtors.
My commitment to you will be to pursue this issue at all levels of government and associated organizations. I will call upon the leaders and directors of CREA, OREA, RECO and real estate boards in Ontario and Atlantic Canada to support me in this cause. These are excellent organizations, but all have built their infrastructure based on membership numbers. Is that in the best interest of the full-time real estate professional? Join us in writing to the Minister of Government Services, the Honourable Harinder S. Takhar at email@example.com and the Minister of Consumer Services, the Honourable Ted McMeekin, responsible for the Real Estate and Business Brokers Act, 2002 at firstname.lastname@example.org to request sweeping changes to rules governing registration and licensing to protect the integrity of the profession and consumer interest.
We'd all benefit from an industry overhaul. We see the impact of those mistakes time and time again. The committed, dedicated professionals that have devoted their lives to selling homes would give their eye tooth to get rid of the clutter and restore honour and dignity to the profession. After all, the lack of commitment and expertise among part-timers affects the entire industry.
We need to send the message, once and for all -- real estate is not a fall-back profession. This industry is not a circus. It's time we rid ourselves of the elephant in the room.
Executive Vice President and Regional Director
RE/MAX Ontario-Atlantic Canada Inc.
David Pylyp; Is he right or wrong? Are real estate companies filling the seats with anything that can fog a mirror? Recently, I was made aware that the TREB (Toronto Real Estate Board) has 31,000 paid up members. In the last few years I have;
- Shown houses to prospects who at the final selection told me they would prepare their own offer. (He was a part-time agent) [I asked if they were under Buyer's Agency and told No]
- Explained First Time Buyers rebates only to be told "My Manager was too busy and your website has all that great content"
- Phoned an "Office" to book a showing and tried to leave a message on a cell phone.
- Seen agents commission cheques delayed for weeks by large warehousing offices.
- Called (paged) agents that can never been reached in the daytime for inspections, appraisals or any property particulars.
- Endlessly sending offers by fax where my Buyer has asked to have his perspective presented and to be heard.
- Asked to present the offer directly to the Sellers in the absence of their agent as for X% he was not coming out nor was he providing any FINTRAC documentation. In this case, I not only explain my Buyers contract but need to explain to this seller what his choices and that places me in a Dual Agency conflict; albeit acting for both sides.
- Agents reduce commissions for another agent in conflict with an existing contract between a Buyer and his exclusive purchasing representative.
- Listing Agents who do not search [inquire about] title to ascertain mortgage debt and the likelihood of a successful closing.
Saturday, January 16, 2010
- There will be interest rate increases in 2k10 that are related to income tax and RRSP savings accounts.
- US borrowing has been unabated.
- We are in the Firm GRIP of a Seller's Market.
- Investors are still coming to Canada because we are a safe haven.
- CMHC may be phasing out the 5% downpayment program.
- CMHC and the banks may be cutting back amortizations on mortgages making it harder to qualify.
Thursday, January 14, 2010
Stan Gelman says;
Nothing underscores the difference between the PST and GST than real estate. Most services in a real estate transaction are currently subject to GST. As the GST “net” is a broader, the six levied on items like legal fees, surveyor charges and real estate commissions increase starting Canada Day 2010, from 5% to 13%
’s HST will impact the development industry more than any segment of the economy. The basic rule for the new homes/condominiums is simple. AS OF JULY 1, 2010, 13% TAX WILL BE CHARGED ON THE ENTIRE PURCHASE PRICE OF ANY NEW HOME OR CONDOMINIUM, 5% FEDERAL, 8% PROVINCIAL), LESS ANY REBATES. Ontario
While the GST is a direct tax, a significant PST component is buried in the price of new homes/condominiums today. “Currently, the (PST) applies to building supplies used in the construction of new homes. The single sales tax would remove this embedded tax. Based on a recent Canada Mortgage and Housing Corporation study, this embedded sales tax rates from about two percent to three percent, on average on the final sale of a new house in
. Effectively that fixes the PST rate on new homes/condominiums at about 2% of the purchase price. Ontario
To maintain the status quo for lower-priced units, a rebate was proposed on prices below $500,000. (Just as the Ontario HST would be in addition to the federal GST, this
new housing rebate would be in addition to the GST New Housing Rebate). For new homes/condominiums bought as a primary residence and priced under $400,000, the rebate would be 75% of the 8% Ontario HST, or 6% of the purchase price. At 2% the net Ontario HST would be comparable to the current rate of embedded PST in a new home/condominium. Ontario
Between $400,000 and $500,000 the
new housing rebate would be phased out, and totally eliminated at $500,000. For new homes/condominiums priced over $500,000, 8% Ontario HST would be charged on the full purchase price (in addition to the 5% GST). Ontario
At $400,000, the gross Ontario HST would be 8% of the purchase price ($32,000). The net Ontario HST would be 2% of the purchase price (or $8,000), as the
new housing rebate (75% of the 8& Ontario HST [i.e. 6% of the purchase price], or $24,000), would be deducted Ontario
1) If either occupancy or ownership of a new home/condominium is transferred before July 1, 2010, the deal is not subject to Ontario HST (reason: the occupancy ownership date)
2) If both occupancy and ownership of a new home/condominium are transferred after June 30, 2010, the deal is not subject to Ontario HST (reason: the grandparent exemption)
For contracts entered into after June 18, 2009 and before July 1, 2010
3) If either occupancy or ownership of a new home/condominium is transferred before July 1, 2010, the deal is not subject to Ontario HST (reason: the occupancy/ownership date)
4) If both occupancy and ownership of a new home/condominium are transferred after June 30, 2010, the deal is subject to Ontario HST (reason: the grandparent exemption does not apply. Constantly growing, this is clearly the category of greatest concern. However, the buyer MAY be eligible to a PST Transitional Housing Rebate
Besides being the day when the sweeping changes were announced, June 18, 2009 was
’s choice as the grandparent exemption cut-off date. That means consumers never had the opportunity to knowingly buy a new home or condominium under the grandparent rules. Buyers with grandparented transactions have attained that status by luck, not by choice. Queens Park
Saturday, January 9, 2010
There are only a few weeks left for the Home Renovation Tax Credit. This program is scheduled to end Feb 01, 2k10 and does not appear slated for renewal. You are eligible to a rebate maximum of $1350 on an expenditure of $10,000 spent on a home improvement.
- Improved desire and saleability of your home.
- Investment in your largest asset
- Enhancement of your home to better your lifestyle.
- Improves your equity ( your house is worth more!)
- Cook and Head of the household can finally get her dream kitchen.
With technology in 2K10 it is easier for shoppers on line, to find anything they seek. Buyers relocating to [their] future towns and neighbourhoods for employment are coming to the mecca of Toronto.
- Is it possible that the purchaser is not an Oakville Native?
- Could the buyer be stepping past the border from Mississauga to Oakville?
- A Move up buyer from Toronto?
- Do you feel this is the best way to market your home?
- New to Canada?
- Corporate Relocation?
Sunday, January 10, 2010
3:00pm - 6:00pm
Queens Park - Giant Horseman Statue.
Last years No Pants Subway Ride:
Requirments For Participation:
1) Willing to take pants off on subway
2) Able to keep a straight face about it
When: Sunday, January 10 at 3:00 PM, Sharp! (Over by around 6:00)
Where: Meet at the giant horseman statue in the middle of Queens Park. To subway there, walk directly south from Museum Station.
Bring: A backpack and a metropass/tokens
Do not bring: A camera (don’t worry we are taking pictures)
Wear: Normal winter clothes (hat, gloves, etc)
How it works:
We will assemble in Queens Park at the horseman statue at 3 PM. Please be on time. Feel free to be early.
When we’re organized, we will all head up to the Museum Station. Do not talk to others once you enter the subway system. No one knows each other. We will wait for a train to arrive going south and all board our assigned cars (follow your team leader). We may let one train go before entering to make sure everyone is ready.
Sit in the car as you normally would. Read a magazine or whatever you would normally do. Your team leader will have already divided you into smaller groups, assigning your group a specific stop where you will depants.
As soon as the doors shut at the stop before yours, stand up and take your pants off and put them in your backpack. If you’d like to use a briefcase, purse, grocery bag, or whatever instead of a backpack that’s fine too. You are responsible for your own pants and they should be with you at all times. If anyone asks you why you’ve removed your pants, tell them that they were “getting uncomfortable” (or something along those lines.)
Exit the train at your assigned stop and stand on the platform, pantless. You will wait on the platform for the next train to arrive going in the exact same direction. Stay in the exact same place on the platform so you enter the next train in the same car as you exited the last train.
When you enter , act as you normally would. You do not know any of the other pantless riders. If questioned, tell folks that you forgot to wear pants and yes you are a little cold. Insist that it is a coincidence that others also forgot their pants. Be nice and friendly and normal.
We will exit the train at Eglinton Station. Pay attention so you don’t miss this stop. We will then repeat the mission back down around the loop. Feel free to take off, if on our way back we come to your stop.
You can wear fun underwear if you like, but nothing that screams out I wore this because I’m doing a silly stunt. Wear two pairs of underwear if it makes you feel more comfortable. Don’t wear a thong or anything else that might offend people. Our aim is to make people laugh, not piss them off.
This is always a great event, with tons of laughs. We know this may seem a bit weird, but, we promise if you give it a try you will enjoy yourself.
This event is being run by Improv In Toronto. To learn more about us, and see some of our past missions please visit: http://www.improvintoronto.com
Help us out, tell your friends about the event? Invite others, so that we can make this huge!
+ if you would like to get more involved as leader, photographer, or videographer please send an email to email@example.com
Friday, January 8, 2010
When it comes to investing and saving on taxes, you have options. Within your financial planning process, you should look at all of them and select those that work best for your unique situation. But there is one investment option that’s a no-brainer. The Registered Retirement Savings Plan (RRSP), since being introduced 53 years ago, has become the basic foundation of almost every financial plan. RRSPs have stood the test of time as the best tax-saving, incomebuilding vehicle for most Canadians.
Here are the keys to making the most of your RRSP opportunity.
• Contribute to the max Always make your maximum allowable contribution each taxation year to get the most in immediate tax savings and to maximize the potential long-term growth of your RRSP investments. You’ve still got some time to contribute for 2009 – the deadline is March 1, 2010 – and you’ll find your maximum allowable contribution room on the Notice of Assessment sent to you from the Canada Revenue Agency (CRA) after filing last year’s income taxes.
• Contribute regularly Making automatic monthly contributions to your RRSP is much more rewarding than contributing a lump sum once a year. Here’s how: By investing $250 regularly each month at a compound rate of return of 8%, you’ll have $372,590 in your retirement nest egg 30 years from now.* But if you wait until the end of each year to invest a $3,000 lump sum, you’ll have only $339,850. By investing monthly, you’ve added $32,740 at retirement without contributing a dollar more.
• Play catch (up) If you have unused contribution room, fill it up as soon as possible for additional tax savings and longer-term tax-deferred, compound growth. You can fill your unused contribution room in a single year or over a number of years until you reach age 71.
• Borrow to save An RRSP loan can be a smart way to maximize this year’s contribution or to play catch up on your past contributions – but you must get the loan at a low interest rate and pay it back as quickly as possible. A best practice: Use your RRSP tax savings to pay off the loan.
• Spousal savings A higher-earning spouse can contribute to an RRSP for the benefit of his or her partner and enjoy a tax reduction on the contributions.
There are other RRSP strategies that can work for you – the right ones, incorporated into your overall financial plan, will help you save on taxes every year, retire with more and enhance your estate. Talk to your professional advisor about what’s best for you.
* The rate of return is used only to illustrate the effects of the compound growth rate and is not intended
to indicate future returns on investment.
John Scholl B. Mathematics, CGA, Consultant - Investors Group Financial Services Inc.
Fasten your seatbelts, home buyers
Interest rates are about to start rocketing higher. Savers, get ready
Thats the headline from the Globe and Mail; http://www.theglobeandmail.com/globe-investor/personal-finance/fasten-your-seatbelts-home-buyers/article1419098/
Is this accurate? Possibly; Interest rates do seem poised to increase with continued demand.
Will Interest rates SKYROCKET into the.. what stratosphere, of 18 or 20% like in the '80's. Interest rates will have potentially, some increases that could move them up a few points. Canada's economy and business sector is delicate. The US even more so. The Politicians and economists are divided on how to tinker with the rates for the sake of dollar exchange, business and employment.
Why would you post a headline and picture like that? Are sales so bad at the Globe and Mail you need to terrify people with their morning Kindle?
Does this kind of [FALSE or EMBELLISHED] headline grabbing irritate anyone else?
Thursday, January 7, 2010
At this time, we would like to send each and everyone, our very best wishes for abundant health, wealth, and success for 2010. It's hard to believe that another year has come and gone so quickly and now here we are now in facing a brand new decade and a fresh start for 2010. The theme for the overall energy of this year is to be one of self-empowerment.
In case you haven’t seen it Re/
The serious lack of homes and condos for sale will continue to stress purchasers and push prices up. I can only offer these suggestions to soften your fears, Lock in the mortgage rate with a lender. We will need to wait or canvass the location you desire, but eventually someone will list a unit or house you want.
The websites and video’s are creating a following of their own; If you know someone local to Etobicoke Mississauga and
Are you dealing with Aging Parent Issues There are resources and Questionnaires available for FAQ’s Click Here
Year End real estate news and wrap up Click here.
In the mean time, obviously I have buyers looking for houses and condos. If you know someone who is considering a sale please pass along my contact information or slip me an email on where I should be knocking and walking.
It’s going to be a very exciting year; Just do it before the HST hits the FAN. Everyone will at that point be paying more for everything.
Wednesday, January 6, 2010
.. business is off by almost 30% and from talking with other stores, I know they are also struggling. The HST will have a huge additional impact on smaller less capitalized businesses... he continued.. Its going to be very hard to get through this winter and then the rent increases are coming with the new HST. Business will be hurt even more. That plus the normal increases for heat and hydro will change the Roncesvalles Streetfront.