Each month, condos owner pay a maintenance fee. This maintenance fee is a combination of all the costs to run and upkeep the condo split up between the condo owners. Cutting down on services and amenities offered to the residents helps to keep the maintenance fees down. With more and more people becoming cost conscious, we have […]
Using a Realtor VS For Sale By Owner
In the real estate industry we call home owners that market their property for sale on their own FSBO’s or aka For Sale by Owners. The obvious main goal of a FSBO is to save money on real estate commissions. In the past few years we have seen more For Sale By Owners in the Toronto area, especially in the lower price […]
Costs of Buying Real Estate
When buying Toronto Real Estate, it is important to take into consideration the additional costs of the transaction other than the purchase price itself. Put aside some additional cash for the following one time expenses: 1) Lawyer fees – closing fees and title insurance 2) Adjustments – depending on what is in the agreement of […]
What is a Condo Status Certificate?
When purchasing a resale condo unit, the buyer’s offer to purchase is usually conditional upon a few items but one unfamiliar item for first time condo buyers is the lawyer’s review of a status certificate. What is a status certificate you ask? How it works is this – Depending on what is stated in the […]
Condo Apartment or Freehold Home?
With Interest rates at an all time low, it is a great time to buy real estate in Toronto. Home owners are upgrading and first time home buyers are taking the plunge. As a Realtor, a common question asked by many of my buyer clients is what route to should take; purchase a condo apartment […]
Toronto Condos | Low Maintenance Fees
Buying a condo essentially means buying into a low maintenance way of living. Condos can be an affordable and stress free way to live as each month the owner pays a maintenance fee to cover certain common costs of the building. While having a low maintenance fee is ideal there are other factors to consider […]
Power of Sales
The year 2007 in Toronto was a crazy year in terms of real estate sale and skyrocketing prices. Many buyers bought during this frenzy and paid top dollar for a property. As reality sets in and property values start to decline, these home owners are now struggling to pay off their financial obligations, forcing the […]
Toronto Lofts | Hard Loft or Soft Loft?
Today, Loft apartments have become a trendy style of living. The term loft is used to describe a large open concept living space with high ceilings and large windows. Lofts were originally popular amongst artists and bohemians because of their affordability and versatility. Now that lofts have become so popular, loft living is anything but […]