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Minimum amount you need for a downpayment

Friday Dec 01st, 2017

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    A down payment is the amount of money that you put towards the purchase of a home. The down payment is deducted from the purchase price of your home. Your mortgage loan will cover the rest of the price of the home.    The minimum amount you'll need for your down payment based on the purchase price of your home  Purchase price of your... [read more]

Tips for home buyers

Monday Oct 30th, 2017

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Physical Evaluation        It is recommended for buyers to do a physical evaluation check list while searching for their dream home.  Below are a few things you should look for during your search to determine the state of property.    Exterior door is in good repair, with functioning latch and locks.  Drywall is not dented or broken.  Flooring (including tile, hardwood... [read more]

New Rent Control Rules

Thursday Sep 21st, 2017

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As of September 1, 2017, when a landlord ends a tenancy for personal use of the rental unit (for themselves or family member), landlords must provide one month's rent to the tenant or offer the tenant another acceptable rental unit.   In addition, lanlords must not re-rent or convert the unit into a short term rental within a year of terminating a tenancy. If the lanlord re-rent the unit within the year of termination it may be considered bad faith and landlord may be fine up to... [read more]

What is a freehold Town House?

Friday Aug 25th, 2017

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A freehold townhouse, you own the plot of land and any structure on that land. You are normally responsible for the care and maintainces of the entire house. This includes the exterior walls, roof, lawn,garden, driveway and garage. In a freehold condominium, you usually have more freedom to make improvements.However, there are usually provisions that give the condominium corporation some control over owners modifying the unit, such as determining when the roof will be repaired, and what colour... [read more]

Tip of the Day: RENTING vs BUYING

Friday Aug 11th, 2017

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  Buying a home can be exciting, but it can also be a challenging and confusing experience. There are advantages to renting and owning a home. In the list below are a few examples of the differences in renting and owning a home.   RENTING BUYING Less maintenance and repairs / less headaches Freedom to renovate or modify your home as you wish Lower monthly payment / Short-term commitment,... [read more]

Tip of the Day: Make yourself disappear.

Tuesday Aug 08th, 2017

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Homeowners should not be present during home showings.   Potential buyers may feel uncomfortable, which makes it much more difficult for them to envision themselves living there.   Buyers tend to rush through your home causing them to miss the homes best selling feature.   Turn all lights on (day or night) Remember, first impression is the last impression [read more]

Tip of the Day: De-clutter

Thursday Aug 03rd, 2017

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Take the collectibles off the mantel.  Put the mismatched arm chair into storage. Better yet, if your stored items are in good condition, you can hold a garage sale or donate it to charity.           Clear your closet down to what you will be actually wearing this season.   The more you store on site, the more cluttered and small your home appears.     Remember, first impression is the last... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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