Summary The Healthy Homes Renovation Tax Credit is a permanent personal income tax refund for seniors and the family members who live with them. Those who qualify can claim up to $10,000 worth of home modifications on their tax returns and receive back 15 per cent of eligible expenses. A household that spends $10,000...
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Tighter mortgage lending rules, in conjunction with the fallout of the US housing meltdown and the European debt crisis, have triggered a shift in the Canadian homebuyer mix and mindset. The new Canadian real estate consumer is experienced, fiscally-responsible, and ready to move forward over the next 24 months. That’s the takeaway from the...
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Here’s how it works: A landlord rents the home or condominium under a basic home lease. For an extra payment, the tenant receives an option to buy the home at a later date, for a set price. Let’s say the home is worth $250,000. The parties agree the tenant will have the right, but...
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You love the house inside and out. It has great finishes, roomy spaces and lovely lighting. But don’t assume that what you see is what you get. Buyers are often caught off guard when they find out that the furnace, heating ducts, water heater, alarm system or other things they thought were “part of...
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General Questions 1. What is an assignment? An assignment is essentially a sale of a contract or right to acquire property. An assignment is a transaction whereby the original purchaser (the “Assignor”) of a property sells, and thereby transfers, their interest and obligations under the original contract to a new purchaser (the “Assignee”). The...
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A colleague and I recently had a discussion that I would like to share with you about a phenomenon she refers to as “HGTV syndrome”. It causes Buyers to assume that most properties are fitted with the spectacular finishings seen on so many of today’s popular home makeover shows. As a result, managing Buyers’...
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Once you have determined what you are looking for in a new home, it is important to understand the types of homes that are available to you. Statutory warranty coverage may vary depending on the type of home you buy. The most common forms of housing can be grouped into three types, and each...
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By Barry Lebow When I tell people that I specialize in litigation relating to real estate agency and to real estate stigma, even Realtors ask me to explain what I mean by stigma. Stigma is the effect that lingers after the cure. In real estate it can be something as simple as, “How clean...
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It never ceases to amaze me how people on the Government payroll can continue to use their unlimited resources and access to public funding to pursue personal agendas and to try and make a name for themselves. Your article mentions that Melanie Aitken, Commissioner of the Competition Bureau alleges that “the 31000 member organization...
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What is “Title”? The word “title” is a legal term that means you have legal ownership of property. You obtain title to property when the owner signs the deed (transfer document) over to you. Title is then registered in the government’s land registration system. What is Title Insurance? Title insurance is an insurance policy...
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A) IF PURCHASING FROM A BUILDER As soon as the purchase transaction has been completed (usually by registration in the LAND REGISTRY SYSTEM on the closing day) the keys are typically released at the applicable construction trailer or sales office, if the property is not a condominium. If the property is a new condominium,...
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It’s important for Realtors to remind home buyers that all homes-old or new-need ongoing maintenance. First, buyers should understand the 1% rule. This rule postulates that normal maintenance on a home is about 1% of the value of the home per year. For example, a $250,000 home would require $2,500 per year to maintain....
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Finding the perfect home doesn’t happen in one day. There are a number of things you can do to simplify the process, including defining financial parameters, potential neighbourhoods and the desired features in your next home. Do you need an extra bathroom, a garage, a fenced backyard, or lower utility bills? Do you want...
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1) Surprise Closing Costs A builder’s agreement to purchase a newly constructed condo (in contrast to the simplicity of a resale condo) contains pages of fine print which are NOT standard for each builder since each has it’s own pet clauses. The “adjustments” chargeable on closing (in addition to the upgrades ordered by a...
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– The process of buying a home involves many crucial decisions and few are as important as the location you choose. Identifying a great neighbourhood before it becomes well known can make an already solid investment even more lucrative in the long term, but with gentrification well underway throughout the majority of Toronto, spotting...
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•Very profitable and known, well established business for sale! •Turn Key Business –European delicatessen. •Prime location, ample parking. •Very large and loyal clientele. •Huge...
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For Sale: $299,800 One Of The Biggest 1 Bdrm + Den In Very Well Managed Building With Superb Facilities. Stunning, Immaculate Unit Features: Laminate...
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Asking Price: $869,900.00 Located In The Heart Of Highly Demanded Upper Thornhill,Bright & Spacious Home.Close To Parks,Schools,Transportation,Community & Shopping Centres.Hrdwd On Main Floor,Parquet On...
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Asking Price: $599,900 Premium Lot. Lowest Price In Desirable Dufferin Hills Community.Greenpark Home. Gorgeous Open Concept Throughout With Breathtaking Wide Oak Staircase. No Carpet,Parquet...
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Asking Price: $249,900 Established And Profitable Retail And Wholesale Bakery And Delicatessen Business Located In The Heart Of Thornhill. The Business Includes Bagel Manufacturing...
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Asking Price: 755,000.00 Gorgeous Upgr4Aded 4 Bdrm Detached! This Home Is A Show Piece W/Many Custom Features.Approx 2800 Sq.Ft.,Oak Staircase W/Wrought Iron Railing. Upgraded...
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Asking Price: 599,000.00 Stunning Green Park With Separate Entry To Professional Finished Basement Offers A List Of Features.Quality Ceramics & Parquet Flrs Throu Out...
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Asking Price: $620,000 One Of The Biggest Builder’s Model In Prestigious Thornhill Woods,Offers Elegant And Inviting Layout With Open Concept, Main Floor And 4...
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Asking Price: $737,000 One Of The Most Popular And Elegant Models Of Thornhill Woods. Meticulously Maintained And Widely Upgraded House Offers Front Yard Park,...
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Asking Price: $749,000 Beautiful And Elegant 4Br Home In Desirable Area Of Thornhill Woods. Offers Double Door Entry, Grand Foyer, 9 Ft Ceiling On...
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Price: $749,000.00 One Of The Most Popular And Elegant Models Of Thornhill Woods. Meticulously Maintained And Widely Upgraded House Offers Double Door Entry W/Custom...
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Price $1,287,000 Executive Large And Spacious Fully Renovated Bungalow In South Richvale. Inviting Grand Foyer W/16Ft Ceiling, Main Floor Office, Hardwood Thru-Out. Quiet South...
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For Sale: $381,000 Spectacular Updated 2+1 Bedroom Condo W/Huge Solarium In Luxury Tridel Building! Approx 1360 Sq.Ft. With Spacious 2 Bedroom, 2 Full Washrooms...
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Asking Price: $721,000 82 Pepperberry Rd, Vaughan, ON L4J 8W8 Family Size Home Situated In A High Demand Neighborhood Of Thornhill Woods, Extremely Well...
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Absolutely Stunning, Designer Dream Home In Thornhill’s Most In Demand Neighbourhood. Newly Renovated Ready To Move In! Thousands Spent On Upgrades. Hardwood Floors. S/S...
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Asking Price: $59,000.00 Great location with clientele already in place. Great modern look to the salon with all the latest equipment and knowledgeable staff...
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