News   Jan 15, 2025
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News   Jan 15, 2025
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    MLS Games

    It's too bad listings aren't counted as new unless there's a new seller. Surely, TREB has this information - they just don't want to report it.
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    Baby, we got a bubble!?

    This is an example of how per square foot rental calculations are guidelines only. $2250 to rent in Regent Park is... ambitious.
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    Baby, we got a bubble!?

    Sorry, that wasn't what I meant and I see now how my choice of words were misleading. In raising the 40-year amortization example, I meant to illustrate that just because the product was no longer offered, didn't mean that people didn't continue down a 40-year amortization. So after 5 years...
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    Baby, we got a bubble!?

    I'm not 100% sure, so I welcome someone more knowledgeable to weigh in here, but I don't think they can just shrink your amortization once your term is up. But rules may be different for non-conventional mortgages. I don't know anyone with a 40-year amortization though.
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    Baby, we got a bubble!?

    I believe the new rules only impact new mortgages, not renewals. Similar to when maximum amortizations were reduced from 40 to 35 years, those homeowners had the option to renew at their original 40 year amortization when their terms expired, but it became a grandfathered product unavailable...
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    Toronto West Block Est. 1928, The LakeShore, and The LakeFront | 130.75m | 41s | Choice Properties | a—A

    And yet, the ward's councillor knows enough of something to have a community meeting less than 3 weeks later. I love you, Toronto!
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    Baby, we got a bubble!?

    The rumours are true - some new changes are coming: Government to introduce new mortgage rules CTV.ca News Staff Updated: Sun. Jan. 16 2011 9:56 PM ET Finance Minister Jim Flaherty is expected to introduce new regulations on Monday designed to reduce Canadians' skyrocketing household debt...
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    advice on security systems in Toronto

    Try The Monitoring Centre. Terrible name, but it seems to get pretty good reviews. It's a high upfront cost for equipment, but the monthly monitoring costs are low (prepaid annually).
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    biggest worry of my life. asking for help

    Why? I doubt he feels bad for selling you something that isn't going to generate the return you want.
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    biggest worry of my life. asking for help

    I'll echo the sentiment here. No investment should keep you up at night, real estate or not. If it does, you've exceeded your risk tolerance and no ethical investment advisor would suggest you proceed.
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    Why do you buy pre-construction real estate?

    Under section 73 of the Condominium Act, 1998, the 10 day rescission period does not begin until the Purchaser receives a copy of the Disclosure Statement, the contents of which are set out in section 72. Once they are in receipt of same, the 10 day clock starts to run and includes weekends and...
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    Spam sightings

    Winthrop is spamming.
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    Noob question on Pre Construction / Projects

    This sounds shady. He's either unable or unwilling to fully disclose the details, yet wants you to hand over a substantial amount of money and commit to a legal agreement. Think of it this way - if I told you I had a really hot stock tip, but couldn't get into how I know the stock will go up...
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    Noob question on Pre Construction / Projects

    1. No, the builder pays the agent. 2. There will be closing costs, development levies, and phantom mortgage to consider off the top. Your agent should be telling you about these. Your questions make me think you are really, really new at this and makes me nervous that you'd be so willing to...
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    Still a lot of ignorance from the downtowners re: T.O?

    Not harsh. They were trying to be clever, and in doing so, made a technical error. It wouldn't be acceptable in any publication, much less a "local" paper like The Star.
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    Spam sightings

    "NEWYEAROFFER" is spamming.
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    Baby, we got a bubble!?

    No debate here: Australia is in a bubble, but prices keep rising, even with rising mortgage rates. Could the same happen here in Canada? Australian real estate: Going, going, going … up! ANDY HOFFMAN — ASIA-PACIFIC REPORTER, MELBOURNE— From Tuesday's Globe and Mail Published Monday, Dec. 27...
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    Toronto Rêve | ?m | 14s | Tridel | Wallman Architects

    I think all the white window coverings mandated by condo rules all over the city will lighten up the windows as well.

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