Saturday, October 30, 2010
Saturday, October 23, 2010
co-op vs condominium
Sometimes i am being asked by my clients what is co-op and how it is different from condominium. the main difference between the two is ownership. In condominium you own the unit and share common elements which are paid for with monthly condo fees. With co-op you do not physically a unit but rather you buy shares in a corporation that owns the building. Also in co-op current residents have the right to accept or reject applicant owners or tenants.
Friday, October 15, 2010
Just Listed 2110 - 225 Webb Drive Solstice Condos
$330,000
Solstice Condos On Sq1. High Floor Corner 'Jasmine' Suite With Large Balcony And Beautiful, One Of The Best View Of The Lake. This Unit Features Unique Wall To Wall Glass Windows With Lot Of Sun Light,High Ceilings,Just Installed Premium 13.5Mm Laminate Flooring In Entire Suite.Large Living/Dinning Area, Open Concept Kitchen With Upgraded Cabinets,Granite Countertops And Stainless Steel Appliances.Two Good Size Bedrooms,Den,Two Full Washrooms & Laundry
The Unit Is Sold With All Appliances,Electrical Fixtures,One Underground Parking And One Locker.Solstice Is State Of The Art Condo Building With Awesome Amenities And 24Hr Security.Located Across Sq1 Plaza,Minutes To Highway.Do Not Miss It!
Wednesday, October 6, 2010
GTA Housing Market Conditions Remain Healthy in September
GTA Housing Market Conditions Remain Healthy in September
October 5, 2010 -- Greater Toronto REALTORS® reported 6,310 sales through the Multiple Listing Service® (MLS®) in September 2010. This represented a 23 per cent decrease compared to the 8,196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069 – up four per cent compared to the first three quarters of 2009.
"The level of sales in the second half of 2010 has been lower, representing a balancing out period following record levels of sales in the latter half of 2009 and first few months of 2010. We remain on track for one of the best years in history for existing home transactions in the GTA," said Toronto Real Estate Board President Bill Johnston.
The average price for September transactions was $427,329– up five per cent compared to the average of $406,877 reported in September 2009. The average selling price through the first nine months of the year was $429,657.
"Resale homes in the GTA remain affordable," said Jason Mercer, TREB's Senior Manager of Market Analysis.
"It is important to consider the positive impact of declining mortgage rates over the past two decades. Simply considering home prices relative to incomes does not allow for an accurate analysis of affordability," continued Mercer. "The share of average household income going toward a mortgage payment on the average priced home in the GTA remains within accepted lending guidelines. This is why the average home selling price has continued to grow."
Median Price
In September, the median price was $360,325, from the $347,000 recorded during September of 2009.
October 5, 2010 -- Greater Toronto REALTORS® reported 6,310 sales through the Multiple Listing Service® (MLS®) in September 2010. This represented a 23 per cent decrease compared to the 8,196 sales recorded during the same period in 2009. Through the first nine months of the year, sales amounted to 69,069 – up four per cent compared to the first three quarters of 2009.
"The level of sales in the second half of 2010 has been lower, representing a balancing out period following record levels of sales in the latter half of 2009 and first few months of 2010. We remain on track for one of the best years in history for existing home transactions in the GTA," said Toronto Real Estate Board President Bill Johnston.
The average price for September transactions was $427,329– up five per cent compared to the average of $406,877 reported in September 2009. The average selling price through the first nine months of the year was $429,657.
"Resale homes in the GTA remain affordable," said Jason Mercer, TREB's Senior Manager of Market Analysis.
"It is important to consider the positive impact of declining mortgage rates over the past two decades. Simply considering home prices relative to incomes does not allow for an accurate analysis of affordability," continued Mercer. "The share of average household income going toward a mortgage payment on the average priced home in the GTA remains within accepted lending guidelines. This is why the average home selling price has continued to grow."
Median Price
In September, the median price was $360,325, from the $347,000 recorded during September of 2009.
Saturday, October 2, 2010
what are differences between exclusive, owned and rented parking.
When you buy your condo , parking or locker that comes with it can be owned, exclusive or rented. Owned parking means that you are purchasing a parking space with seperate deed. It is yours and you can sell it as you please. So if you buy a condo with two parkings and then you decided that you do not need one you can just put it on the market and sell it seperately to the unit. Exclusive use means that you are assigned a parking spot that is for your own and only use as long as you own condo condo. Rental parking means that there is no parking sold with the unit but it is sometimes available but for which you need to pay extra monthly fee.
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