GTA REAL ESTATE MARKET WATCH 03/19

By: The Jean-Jacques Team

GTA REAL ESTATE MARKET WATCH 03/19

Tags: Average Home Price, Home Sales, GTA Real Estate, GTA Real Estate Market

March 2019 – Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS reported 5,025 homes sold through TREB’s MLS System in February 2019. This sales total was down by 2.4 per cent on a year-over-year basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment. “The OSFI mandated mortgage stress...Read More

Moving Condos in the Cold

By: The Jean-Jacques Team

Moving Condos in the Cold

Tags: Canadian Winter, Spring Weather, Condo Manager

We've almost made it through another frosty Canadian winter and even though we know spring weather is right around the corner, we also know that this month can just as easily dump a snowy surprise on us. If you're planning to move this month, you'll first want to take a minute to read these hot moving tips. 1. Ask your new condo manager, well in advance of your move, if you are r...Read More

Spend More, Make More?

By: The Jean-Jacques Team

Spend More, Make More?

Tags: Renovation, Home Improvement, Over-Improving

Planning to put your home on the market? Congratulations! It's time to start on a whole bunch of renovations to make it the most modern, desirable place on the street, right? Stop right there. Before doing any kind of home improvement, consult with your real estate sales representative to get a feel for your local real estate environment and to get advice on which projects are worth your time...Read More

Household Tip: Spring into Spring Cleaning

By: The Jean-Jacques Team

Household Tip: Spring into Spring Cleaning

Tags: Spring Clean, Restock, Discard, Organize

Once the warmer spring weather arrives, we often feel the urge to declutter and clean our homes. While tackling the closets and regular cleaning jobs, don't forget to also pay attention to the following places.   The medicine cabinet. It's time to discard old and expired medicines, restock basic supplies and replace any old cosmetics. Your home office. Besides shredding o...Read More

Terminology Tip: Gift Letter

By: The Jean-Jacques Team

Terminology Tip: Gift Letter

Tags: Gift Letter, Down Payment, Financial Adviser

This is a letter stating that the gift giver, typically an immediate family member, is making a gift of a specific amount to the gift receiver for the purpose of a down payment on a home.   Check with your lender for their specific requirements, but typically the letter must state the amount of the gift, the subject property address, the relationship of the gifter to the giftee, and a note th...Read More

GTA REAL ESTATE MARKET WATCH 02/19

By: The Jean-Jacques Team

GTA REAL ESTATE MARKET WATCH 02/19

Tags: Average Home Price, Home Sales, GTA Real Estate, GTA Real Estate Market

February 2019 -- TREB President Garry Bhaura announced that Greater Toronto Area REALTORS reported 4,009 home sales through TREB’s MLS in January 2019 – up by 0.6 per cent compared to January 2018. On a preliminary seasonally adjusted basis, sales were up by 3.4 per cent compared to December 2018. “It is encouraging to see the slight increase in January transactions on a ye...Read More

Wintering A Canadian Move

By: The Jean-Jacques Team

Wintering A Canadian Move

Tags: Canadian Winters, Electronics, Utility Company

Let's face it, our frosty Canadian winters aren't exactly ideal for physically moving from one house to another, but if this is when you're scheduled to go, you'll first want to take a minute to read these hot moving tips. 1. Contact the utility companies well beforehand to ensure the lights and heat will be on and functioning in your new house before you arrive.   2.&n...Read More

Time To Fly?

By: The Jean-Jacques Team

Time To Fly?

Tags: Insurance Company, Unplug, Fire Safety Procedure

The weather outside is frightful, so you may currently be planning your escape to the sun. One of the great benefits of living in a condo is the ease of being able to just pick up and leave, whether you're going away for a weekend or joining the Snowbird population down south for a month or more. Before you leave, be sure to reference the following tips. 1. Advise your property managemen...Read More

The Perfect Pairing

By: The Jean-Jacques Team

The Perfect Pairing

Tags: Sole Ownership, Joint Tenancy, Right of Survivorship

In this season of valentine bliss, many couples find themselves having that all-important heart-to-heart conversation about what they envision for their future together. If that future includes a view as to what your perfect love nest would look like, now's the time to be honest about what each of your ideas, and ideals, are for your shared home. Put a pot of coffee on, pull up a chair, and g...Read More

Terminology Tip: Annual Percentage Rate (APR)

By: The Jean-Jacques Team

Terminology Tip: Annual Percentage Rate (APR)

Tags: Annual Percentage Rate, Annualized, Loan Cost

The APR is an interest rate reflecting the total cost of a mortgage for a whole year (annualized), rather than just the contract rate.   The APR includes all loan costs, such as origination and processing fees, in addition to the interest rate, allowing the borrower to compare different types of mortgages based on the annual cost for each loan. Look for the APR in the written loan estimate, w...Read More