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RE/MAX Ultimate Realty Inc., Brokerage

1739 Bayview Avenue

Toronto, ON M4G 3C1

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Poll

Do you think the Media's most recent portrayl of a negative Housing Market is accurate?:

'Toronto Real Estate Market Is THE Hottest’ Says BMO

Toronto “is starting to stand out as the hottest real estate market right now,” following the release of December sales figures, BMO Nesbitt Burns economist Robert Kavcic says.

The Toronto Real Estate Board said Thursday that Greater Toronto real estate agents reported 4,718 sales in December, up 10.1 per cent from the same period in 2010. The average selling price was $451,436, up 4 per cent year over year.

Legally Binded To Sell Your Home Because Of An Email? YES

Over the course of three days last October, Marc Girouard and Kelty Druet corresponded by email about the sale of Druet’s condo in downtown Moncton, N.B.


After a series of emails and an offer and counter offer, Druet agreed to sell unit 203 at 850 Main St. for $155,000, or so Girouard thought. But Druet changed her mind and the case landed up in court.

Single Family Homes Becoming ‘Precious Commodities’

Toronto is rapidly transforming into a “vertical world” because of an unprecedented condo boom and greenbelt policies that are making single-family homes “precious commodities,” a new report says.


Provincial efforts to limit sprawl have helped drive up house — and land — prices across the GTA to the point where the dream of raising children in a house with a yard may be dying, warns the annual survey by PricewaterhouseCooper released Tuesday.

How The HGTV Effect Is Affecting Home Sales

When Realtor Desmond Brown walks into a house that’s just too stunning to be someone’s home, he heads to the fridge.
 
An empty fridge is his second clue that the home has been super staged to appeal to a new generation of buyers who are looking for more of a showcase than a sound house to call their home.
 
“Gone are the days that you walk into a house and think, ‘Wow, they really lived in this place,” says Brown.
 

"Subject To Lawyer's Approval" = All-Encompassing Escape Clause? NO

The paperwork that comes with many real estate deals may say the terms of the sale are “conditional on lawyer's approval.”

This clause confuses buyers, sellers and many real estate agents and rightly so. What is the lawyer supposed to be approving? The price? Some particular part of the contract? Does the phrase give someone the right to walk away if the lawyer does not find anything really wrong with it?

How To Use Your RRSP To Pay Your Mortgage

How to use your RRSP to pay your mortgage

For those tired of paying mortgage interest to a bank, there is a technique that allows you to use your retirement savings to help buy your home or even finance a cottage or investment property.

International Buyers Undergird Toronto's Condo Market

"(Up To) 100,000 Newcomers Arrive In The GTA Each Year..."


Scott McClellan recognizes the vital role new Canadian buyers have played in the sale of his company’s downtown Toronto condo projects.
They’ve driven our success, without question,” says the vice president of sales and marketing for Plaza (formerly Plaza Corp.)   

 

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