Are you unsure if you or your clients qualify for the HST rebate on a new home or condo? Whether you are flipping your new property or renting it out, be sure to check the HST rules that relate to the federal 5 percent portion and provincial 8 percent portion of the HST. In the [...]
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All posts in category Buying Real Estate
HST Rebates on New Homes & Condos
Posted by suttonadmiral on May 10, 2012
http://suttonadmiral.wordpress.com/2012/05/10/hst-rebates-on-new-homes-condos/
1 in 4 Canadians Would Get Involved in a Bidding War
With a recent spike in multiple offer presentations and bidding wars, how likely are your clients to get involved? A new Canadian survey conducted in March shows that one-in-four would readily take part in a bidding war, and half of this group would bid as much as 110 percent of the asking price. Furthermore, one-in-three [...]
Posted by suttonadmiral on May 8, 2012
http://suttonadmiral.wordpress.com/2012/05/08/1-in-4-canadians-would-get-involved-in-a-bidding-war/
GTA Condo Sales in Q3 2011
Condominium sales in the GTA were responsible were about a quarter of all resale transactions in Q3 this year. This is expected to increase to even more in the upcoming year. Not surprising, considering there are new condo buildings going up on almost every other block! GTA reported 5,770 condo apartment transactions in Q3 2011, a 24% increase [...]
Posted by suttonadmiral on November 21, 2011
http://suttonadmiral.wordpress.com/2011/11/21/gta-condo-sales-in-q3-2011/
Reviewing Home Inspection Reports with your Clients
As an agent, your responsibilities extend beyond showing properties. You are in charge of the (probably) biggest purchase of someone’s life, and that is a heavy responsibility so it is extremely important to see it through to the end, not missing any details. There was a court ruling in January 2011 regarding a 2006 purchase [...]
Posted in Buying Real Estate, Real Estate Legal Matters
Posted by suttonadmiral on November 19, 2011
http://suttonadmiral.wordpress.com/2011/11/19/reviewing-home-inspections-with-your-clients/
September and October 2011: Strong Third Quarter!
GTA Realtors reported 7,658 transactions through the Toronto MLS system in September 2011, representing a 25% increase compared to September 2010. In the first three quarters of 2011, we have seen 70,588 real estate transactions, a 2.6% increase compared to the first three quarters of 2010. However, the shortage of listings experienced so far this [...]
Posted by suttonadmiral on October 22, 2011
http://suttonadmiral.wordpress.com/2011/10/22/september-and-october-2011-strong-third-quarter/
First Time Home Buyers and Related Rebates
The rising cost of residential real estate in Ontario has made it increasingly difficult for first time home buyers to gain entry into the real estate market. This problem has been magnified in the GTA since the introduction of the Municipal Land Transfer Tax (“MLTT”) in 2007, passed under the City of Toronto Act which [...]
Posted in Buying Real Estate, Real Estate Legal Matters
Posted by suttonadmiral on October 15, 2011
http://suttonadmiral.wordpress.com/2011/10/15/104/
