Experienced and Savvy Investors Buy in December to March Winter Months

Tags

Investors Buy in December to March Winter Months

Experienced and Savvy Investors Buy in December to March Winter Months

Why do a Large Number of Experienced and Savvy Investors Buy in December to March Winter Months?

For a few personal reasons, some people have no time limit (expiration of apartment lease, etc.)and so they really wait until they find something they love to do before purchasing like marrying, which can come at any time, including the snowy winter months as well.

Also, if a property has not sold over the busier season (spring and summer), owners as well as realtors tend to drop the asking price a little to attract more investors to the property. So sometimes, you can get a better deal on a property in the winter months as opposed to the months where the most investors are searching the housing market. Investors think that there is a possibility of better deal to be had….but, many times it is not so….you need right investor agent who can navigate thru this surfing and searching.
There is one good reason is that there are fewer sales and fewer investors in these months so some investors see that as a great time to get a deal. Some houses do not show up in the realtor search as it is in the batches on system for group of years like under 5yrs, under 10 years & so on, so those comes up as soon as the new year starts, also the possible search criteria also changed altogether.

If a seller has placed a conditional offer on a new home and theirs is still not sold by the winter, you may also have an easier time negotiating as they have deadlines to sell their home, so the Investor have an opportunity.

Each selling and purchasing decision is based on a variety of different motives. It’s often case by case and so does just like credit ratings its all depends on individuals.

Don’t be fooled though, some of the statistics I have seen have shown that December is also a good time to sell, and recent years you can verify mls.ca stats, winter months are not bad producing months as well, Because fewer inventories on the market mean less competition, and if investor is in need and do not want to wait despite realtor try to wait for new match property comes up in market. Sometimes good houses do not sell because the competition is fierce and even though they may be priced and war of price so hot, to-gather competitively, they fail to sell because if excess inventory levels. Over major portion of the houses listed in GTA last year in December sold. This made it the number: one month to sell if you want to have an edge on the market inventory if you think and plan properly and willing to take risk with good experience agent and with lots of ice over the head.

Some of my clients save up and buy this time of year. Most investors do not want to be bothered over the Christmas season but investors know that offers at this time of year are scarce at best. This is the time of year when those of us agents that represent investor investors are the busiest. Feel free to contact me if you wish to explore the investor market, there are a lot of great deals out there right now that my clients are snapping up! Would you like to wait or go depends on your choice.

Another good reason is that in winter months only serious sellers remain in the market just like serious investors and price the property accordingly well to sell and ready to make a deal before spring market competition starts. Negotiations take place well when both parties are motivated. An experienced Realtor can get you a great deal in winter.

Always hire the proper agent: www.vijaygandhi.com and save you a lot…

Advertisements

Housing Starts Still Rising: CMHC (More New Homes are Getting Built)

Housing Starts Still Rising: CMHC

For the third month in a row, building starts were on the rise in this country, according to new data released by CMHC.

______________________________________________________________________________
To get legal advice, you visit a lawyer; to get medical advice, you go and see a doctor; most people, to get their car repaired, leave it in the hands of a trained professional. Even to get your hair cut, you go to someone who is trained to do that job. In all of these instances, the average consumer, without specific training and resources in a given area, defers to a qualified individual. So what is it about Real Estate that is so different?  … Get benifited from Licensed Real Estate Agents & Save time, money and trouble.
______________________________________________________________________________

These latest numbers signify the best three months in a row since last fall, which is welcome news to economists, who feel that this is a signal of good things to come for builders, and for the housing industry.

CMHC said in a release, “The seasonally adjusted annual rate of housing starts was 197,400 units in June. This is up from a revised 194,100 units in May 2011. April 2011 has also been revised to 194,100 units.”

“Housing starts increased in June due to an increase in single and multiple starts in Ontario,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “The revised numbers show that housing starts have been above their trend line since March. However, we expect housing starts to move back towards levels consistent with demographic fundamentals in the near term.”
The fact though, that there was overachieving on expectations, as well as upwards revisions on targets have not been lost on economists, who feel that this is a good sign for the economy, overall, because of the job growth and general economic stimulus that is associated with building and construction.

Looking at the country, region to region, June’s seasonally adjusted annual rate of urban starts increased by 24.1 % in Ontario, and by 5.6 % in the Atlantic region. British Columbia reported a drop of 27.6 % over the same period, while urban starts dropped by 3.6 % in Québec, and by 1.2 % in the Prairie region.

Rural starts were estimated at a seasonally adjusted annual rate of 22,800 units in June.
looking to this numbers it sounds like its good time ahead for first time home buyers because of lower interest rates around.

info: http://ca.reuters.com/article/businessNews/idCATRE74T2QY20110530

Condos as an Investment Opportunity – Review

Tags

Condos as an Investment

Condos as an investment

Toronto is currently the dominant North American condo market, with more than 18,000 units being sold annually over the past five years, according to findings by Urbanation, the Toronto-based condominium market research firm, and a great number of the buyers have no intention of living in them.

The study found that “With many downtown condominium projects selling more than 70 per cent of their units to investors, developers need to keep a keen eye on index price movement and rental transaction activity.”

A number of factors are behind the explosive growth of condos in the GTA. First and foremost is an influx of foreign buyers: Offshore investors are buying up Toronto condos sight unseen for the purpose of investment.

So is the Toronto condo rental market saturated? It depends who you talk to.

“The Toronto real estate market continues to exhibit strength in the demand for new condominiums, particularly as investment properties for those with new money. This trend indicates that any suggestion of a developing ‘condo bubble’ represents ongoing conjecture, rather than market reality.”

And a Canada Mortage and Housing Corporation  study from the fall of 2010 found that “The average vacancy rate for purpose-built apartment buildings in the GTA declined to 2.1 per cent in October 2010 from 3.1 per cent in October 2009. The average rent for two-bedroom apartments common to last year’s survey increased by 1.8 per cent.”

All that may change this year as a result of the pervasive condo construction in Toronto. According to CMHC statistics, “A surge of nearly 8,000 condominium apartments were completed in the June to September 2010 period. These new units likely worked to push vacancies higher.” And as of last June, “there were over 34,000 units near completion in the GTA.”

With 20 per cent of the GTA condo market being rental, what happens when all these units hit the street this year? The quandary for investors is that rental rates are not rising relative to the increasing prices and costs paid by investors, and Toronto’s rents are much lower than comparative global cities.

Rental Transactions Up 18 Per Cent

A study by Adrienne Warren published by the Scotiabank Group in March, is optimistic that Canada’s residential activity will remain buoyant, but rentals may go soft. “It is also highly unlikely that Canada will experience a U.S.-style housing collapse. The roughly 25 per cent correction in U.S. home prices from their 2006 peak was primarily the result of weak lending practices and high-risk mortgage products largely absent in Canada,” says Warren.

“Canada’s average rental apartment vacancy rate in major urban centres edged down slightly last year to 2.6 per cent, and has remained historically low throughout the past decade. Vacancy rates for rented condominium apartments are low, at 2.0 per cent or less in six of the 10 CMAs surveyed by CMHC.
related links:
http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2011/2011-06-09-0815.cfm
http://torontorealestateboard.com/consumer_info/market_news/rental_report/2011/rental_report_01-04_11.pdf

F or the January to April 2011 period, TREB Members reported 5,079 lease transactions

for condominium apartments and townhomes. This result was up 18 per cent from 4,319 lease

transactions reported during the same time-period in 2010. The number of rental units listed on the TorontoMLS® rose 10 per cent to 9,374 units. The increase in listings reflects the high level of condominium apartment completions over the past year. Some investors chose to lease their units upon completion.

With the number of transactions rising at a greater rate than the number of units available for rent, rental, market conditions tightened. Average rental rates were up in comparison to last year. One-bedroom apartments rented for an average of $1,485 per month, up 1.5 per cent year-over-year. Two-bedroom apartment units rented for an average of $1,958 per month – up 2.5 per cent compared to the first four months of 2010.

for condo investment contact or visit me @ www.condosupermarket.com

Vijay Gandhi is an Re/max Real Estate Sales Rep. &  independent mortgage planner- industry insider & CENTUM Agent. If you are purchasing, refinancing or renewing your mortgage, contact Vijay or apply for a Mortgage Check-up to obtain the best available rates and terms.
Have you considered a 50/50 Mortgage?

As always, if you have questions about the 50/50 mortgage product and whether it’s right for you, or other mortgage-related questions, I’m here to help!

Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today!We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:

vijaygandhi.com  www.gtarealtyagent.com & torontomortgagetrends.com

Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate!
*condition apply/sub. to availability

Vijay Gandhi,
Sales Representative- REALTOR^®
RE/MAX Dynasty Realty Inc. Brokerage*

&

Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074

C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR^® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

Finding Best Mortgage Rates

Tags

debt consolidation, home equity financing, mortgage rates, mortgage renewal, refinancing

Finding Best Mortgage Rates

For most Canadians, shopping around for a mortgage is something that happens once every five years. This is the time to figure out if you can get a better mortgage rate, and lock in something new for another five years. But if you want to get the best possible mortgage rate, whether you are renewing, refinancing or buying a home, you will have to do a little legwork.

First Things First: What’s Your Financial Situation?

Before you start shopping around for a mortgage rate, you will need know your own financial situation. Get a good handle on the following aspects of your finances before you start shopping around:

• Income
• Debt
• Expenses
• Credit History/Score

You should also have a general idea of what you can afford in a home, as well as how much you are planning to borrow. This will give you basic information that banks and mortgage brokers can use as they prepare a quote for you.

Before you start looking for a good mortgage rate, you need to make sure you are in a position to afford your mortgage. With a renewal or refinance, it is a little bit easier to know what you can afford — you are already making payments! If you are buying a home, though, you will need to consider the costs of home ownership, and recognize that a home comes with costs beyond the mortgage. Make sure that you can afford the mortgage plus the added expenses that you will see. There are many online calculators that can give you an idea of what kind of mortgage you can afford.

Shopping Around for the Best Mortgage Interest Rate

Once you know your financial situation, and once you have a pretty good idea of what you can afford, it is time to start shopping around. Be sure to familiarize yourself with the different mortgage options available, and get a general idea of the mortgage product that is most likely to benefit your individual situation. Then, once you have an idea of what you are looking for, it’s time to shop around.

You might want to start at your bank, and then compare what your bank is offering to what is being offered by other banks, and by what a mortgage broker is likely to get you. Make sure you get all offers in writing. Let banks and brokers know the basics of your situation, without filling out a full mortgage application. Instead, treat each lender or broker you speak with as if you are interviewing him or her. Find out how knowledgeable each is about mortgage products and services, and find out what sort of rate is available to you. You can try to ask for the best rate in some cases, although you may have to use the posted rate as a starting point for negotiating down.

Be sure you are comparing apples to apples throughout the process, and make sure that banks and brokers know that you are shopping around. You want them to offer their best possible mortgage rate, and you want to be able to make meaningful comparisons between that rate and what is being offered elsewhere.

In the end, what is offered to you will depend on your financial and credit situation, as well as market rates. But, by shopping around you can figure out what would work best for you.

This blog communication is for public awareness and public responsibility, for client and customer benefit and best intrest in mind.

Vijay Gandhi is an Re/max Real Estate Sales Rep. &  independent mortgage planner- industry insider & CENTUM Agent. If you are purchasing, refinancing or renewing your mortgage, contact Vijay or apply for a Mortgage Check-up to obtain the best available rates and terms.
Have you considered a 50/50 Mortgage?

As always, if you have questions about the 50/50 mortgage product and whether it’s right for you, or other mortgage-related questions, I’m here to help!

Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today!We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:

vijaygandhi.com , icxforsale.com & torontomortgagetrends.com

Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate!
*condition apply/sub. to availability

Vijay Gandhi,
Sales Representative- REALTOR^®
RE/MAX Dynasty Realty Inc. Brokerage*

&

Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074

C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR^® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

Worst Mistakes First Time Home Buyers Make

Worst  Mistakes First Time Home Buyers Make

When VJ bought her first house in 1998, she was so anxious to close the deal quickly, she skipped the home inspection – a decision she paid for the first time she turned on the tap in the bathroom sink.

“The water’s running and I’m hearing it run everywhere and thinking, ‘What’s happening here?’ And I look under the sink: no pipe. The drain is jam in another sink…”

Ms. VJ says jumping into a deal is one of the most common mistakes first-time home buyers make. They fall in love with a property, worry about losing out, and throw caution to the wind or spend more than they should.

A house is one of the biggest investments most Canadians ever make, so it’s important to plan ahead, to think about what you need in a home and what you can afford.

Getting pre-approved for a mortgage is a great way to budget for a home and signal that you’re a serious buyer. However, keep in mind that the amount for which you are approved is the maximum amount the lender feels you can afford based on your income and projected property expenses. That figure doesn’t account for other expenses you may face, such as renovations or emergency home repair, as well as regular household costs.

“You know best … what your costs are, so my advice would be look at what your paycheque is net, line up all those costs, including what you’re being told on the calculator is affordable for you, and see what is left at the end of the month,” Ms. VJ says. “The last thing you want to do is hang yourself out to dry with [mortgage] payments that are simply too high to carry.”

________________ www.vijaygandhi.com _________________________

Here are some other mistakes first-time buyers make, and how to avoid them:

Not knowing your credit score

A credit rating is a record of your credit history and current financial situation. A good credit rating can improve your ability to get loans, so if your score is low, you may want to work on improving it before you apply for a mortgage.

Not budgeting for the costs of home ownership

Being a homeowner brings new expenses, including property taxes, higher insurance costs, regular upkeep and an emergency fund for repairs. Don’t forget to factor in the cost of any renovations your new home may need.

________________ www.vijaygandhi.com _________________________

Not researching down payment choices

Lenders typically require CMHC mortgage loan insurance if you make a down payment of less than 20 per cent, and premiums for that insurance can be as high as 3.25 per cent of the value of the loan. Under the Home Buyers’ Plan, first-time buyers can use up to $25,000 in RRSP savings ($50,000 for a couple) for a down payment. A higher down payment will save thousands of dollars in interest over the life of your mortgage.

Focusing too much on interest rates

First-time home buyers rush in to the market when interest rates are low. While rates are important, other things have a greater bearing on the overall cost of home ownership, including the cost of the house, the type of mortgage, the amortization period and payment options.

Not choosing your own payment schedule

Paying off your mortgage sooner saves you interest costs, while a longer amortization period reduces your regular payment and frees up cash flow. You can save thousands of dollars in interest by choosing a shorter amortization period, paying fortnightly instead of monthly, or increasing the amount of payments by even a small amount. Use an online mortgage calculator to run the numbers.

Forgetting about closing costs

When calculating closing costs, assume you will need an additional 1.5 to 2.5 per cent of the purchase price to cover such things as the home inspection, legal fees, land transfer tax, property tax, property insurance, utility hook-ups and moving costs.

* Ms. VJ is fictional Character

This blog communication is for public awareness and public responsibility, for client and customer benefit and best intrest in mind.

Vijay Gandhi is an Re/max Real Estate Sales Rep. &  independent mortgage planner- industry insider & CENTUM Agent. If you are purchasing, refinancing or renewing your mortgage, contact Vijay or apply for a Mortgage Check-up to obtain the best available rates and terms.
Have you considered a 50/50 Mortgage?

As always, if you have questions about the 50/50 mortgage product and whether it’s right for you, or other mortgage-related questions, I’m here to help!

Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today!We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:

vijaygandhi.com , icxforsale.com & torontomortgagetrends.com

Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate!
*condition apply/sub. to availability

Vijay Gandhi,
Sales Representative- REALTOR^®
RE/MAX Dynasty Realty Inc. Brokerage*

&

Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074

C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR^® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

Monthly Real Estate and Mortgage Stats Report

Tags

Monthly Real Estate and Mortgage Stats Report

Bank of Canada Interest Rate

January 18, 2011	1.00 %
March 1, 2011	1.00 %
April 12, 2011	Next meeting date

Source: Bank of Canada

Bank Prime Lending Rate

January 19, 2011	3.00 %
March 2, 2011	3.00 %
April 13, 2011	Next meeting date

Source: Bank of Canada

Conventional Mortgage – 5 Year Rate*

February 9, 2011	5.44 %
February 23, 2011	5.44 %
March 28, 2011	5.34 %

Source: Bank of Canada
*Determinant for high ratio mortgage variable qualifying rate


US Federal Reserve Board Discount Rate

January 26, 2011	0.00 % – 0.25 %
March 15, 2011	0.00 % – 0.25 %
April 27, 2011	Next meeting date

Source: US Federal Reserve


Exchange Rate $CDN($US)

February 23, 2011	1.0115
March 16, 2011	1.0083
March 31, 2011	1.0314

Source: Bank of Canada


Government of Canada Bonds

Bond Type	February 23, 2011	March 16, 2011	March 30, 2011
1 year Treasury Bill	1.36 %	1.24 %	1.35 %
3 year Benchmark Bond Yield	2.15 %	1.87 %	2.13 %
5 year Benchmark Bond Yield	2.61 %	2.44 %	2.71 %
10 year Benchmark Bond Yield	3.32 %	3.13 %	3.29 %

Source: Bank of Canada


Total New Housing Starts (Seasonally adjusted and annualized)

Province	December 2010	December 2009	January 2011	January 2010	February 2011	February 2010
Newfoundland/Labrador	3,200	4,200	3,900	3,600	2,700	3,600
PEI	1,100	1,300	800	600	500	400
Nova Scotia	2,700	2,900	4,500	2,800	3,800	5,400
New Brunswick	3,100	3,600	3,500	5,200	1,800	2,400
Quebec	47,800	51,600	48,600	55,100	44,600	47,800
Ontario	46,400	56,300	51,500	55,500	65,800	70,100
Manitoba	6,500	3,400	3,900	5,100	4,700	4,900
Saskatchewan	7,500	4,500	6,200	6,400	8,800	4,600
Alberta	21,000	27,800	19,600	23,500	21,900	27,300
British Columbia	30,000	22,200	28,100	27,600	27,300	30,100
CANADA	169,300	177,800	170,600	185,400	181,900	196,600

Source: CMHC Housing Now – March 2011 and March 2010. This seasonally adjusted data goes through stages of revision at different times of the year.


Average MLS® Resale Price for Local Markets

City	February 2011	February 2010
Halifax	$ 261,638	$ 251,072
Saint John	$ 175,371	$ 168,735
Quebec	$ 244,326	$ 227,461
Montreal	$ 300,471	$ 287,151
Ottawa	$ 337,797	$ 318,894
Toronto	$ 454,470	$ 431,509
Hamilton/Burlington	$ 331,741	$ 314,656
Winnipeg	$ 228,180	$ 215,230
Saskatoon	$ 287,202	$ 291,054
Regina	$ 272,609	$ 263,753
Calgary	$ 400,879	$ 389,388
Edmonton	$ 311,674	$ 316,927
Vancouver	$ 791,604	$ 662,741
Victoria	$ 490,970	$ 481,246

Source: CREA

This blog communication is for public awareness and public responsibility, for client and customer benefit and best intrest in mind.

Vijay Gandhi is an Re/max Real Estate Sales Rep. &  independent mortgage planner- industry insider & CENTUM Agent. If you are purchasing, refinancing or renewing your mortgage, contact Vijay or apply for a Mortgage Check-up to obtain the best available rates and terms.

 

Have you considered a 50/50 Mortgage?

As always, if you have questions about the 50/50 mortgage product and whether it’s right for you, or other mortgage-related questions, I’m here to help!

Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today!We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:

vijaygandhi.com , icxforsale.com & torontomortgagetrends.com

Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate!
*condition apply/sub. to availability

Vijay Gandhi,
Sales Representative- REALTOR^®
RE/MAX Dynasty Realty Inc. Brokerage*

Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074

C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR^® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!
The referral of your friends & family is the greatest compliment you can give me. Thank you for your trust.

Please, forward my name, phone number & e-mail address to your friends, relatives, clients…

Former Marijuana Grow Houses For Sale?

Tags

Crime Stoppers, Marijuana Grow Houses

Former Marijuana Grow Houses For Sale?

When you go house hunting you should be looking for more than “For Sale” signs. Other signs you should be alert to be indications the house you are considering may have been a former grow op.

this info is especially for House hunters who do not include Real Estate Pro. In their initial search.
With so much at stake, take advantage of the experience and knowledge of a registered real estate broker or salesperson.

Brokers and salespersons are obligated to disclose any material fact about a property or its history they are aware of that could affect a person’s decision to buy. A broker or salesperson may also be able to provide you with a Seller Property Information Statement (SPIS) if one exists.

Grow ops can be hard to spot after an operation has been dismantled, particularly if the house’s grow-op history is several buyers in the past. Mould especially can be difficult to detect.

They may look like any other home on the surface, but grow ops undergo a number of renovations. Although they usually require extensive repair, former grow houses are just as likely to be given only cosmetic alterations to hide the real damage before being put up for sale.

You should give serious consideration to having a home inspected to reduce the possibility of buying a home that has been cosmetically renovated.

In some circumstances, you may also want to consider having a professional engineer check for possible structural damage.

 

In addition to working with a professional home inspector, you can also look for these “Top Ten” signs that a home may have been used as a grow op:

 

• Mould in corners where the walls and ceilings meet
• Unusual number of roof vents or signs of roof vents
• Fresh paint on window frames to cover damage caused by the high levels of      humidity
• Painted concrete floors in the basement with circular marks where pots once stood
• Evidence of tampering with the electric meter (damaged or broken seals) or the ground around it
• Unusual or modified wiring on the exterior of the house
• Brownish stains on the underside of beams or arches that bleed down a wall
• Concrete masonry patches, or alterations on the inside of the garage
• Patterns of screw holes on the walls
• Fire place alterations
• Denting on front doors (from police ramming the door)

 

If you suspect that a property is being used as a grow-op, you should contact your local police department or call Crime Stoppers.

Contact Information

Toronto Crime Stoppers
808 York Mills Road, P.O. Box 36002
Toronto, Ontario
M5B 1X8

416 222-TIPS (8477) or 1-800-222-TIPS(8477)

Text TOR and your message to CRIMES (274637)

Please note that the “top ten” signs listed above are only some of the signs that a property has been used as a grow op.
Source: http://www.reco.on.ca/publicdocs/Marijuana%20Grow%20Houses.pdf

The perils of buying a former grow-op

How to Spot a Marijuana Grow Operation

This publication contains general information only and should not be construed as legal or professional advice. For legal or professional advice specific to your real estate transaction or situation, you should seek the services of a competent professional.

 

This blog communication is for public awareness and public responsibility, for client and customer benefit and best intrest in mind.

Vijay Gandhi is an Re/max Real Estate Sales Rep. &  independent mortgage planner- industry insider & CENTUM Agent. If you are purchasing, refinancing or renewing your mortgage, contact Vijay or apply for a Mortgage Check-up to obtain the best available rates and terms.

 

Have you considered a 50/50 Mortgage?

As always, if you have questions about the 50/50 mortgage product and whether it’s right for you, or other mortgage-related questions, I’m here to help!

Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today!We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:

vijaygandhi.com , icxforsale.com & torontomortgagetrends.com

Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate!
*condition apply/sub. to availability

Vijay Gandhi,
Sales Representative- REALTOR^®
RE/MAX Dynasty Realty Inc. Brokerage*

Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074

C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR^® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!
The referral of your friends & family is the greatest compliment you can give me. Thank you for your trust.

Please, forward my name, phone number & e-mail address to your friends, relatives, clients…

Top Toronto (GTA) Schools – A Special Report

Tags

http://www.vijaygandhi.com, Top Toronto (GTA) Schools, top toronto schools, top10torontoschool, top20torontoschool

Top Toronto (GTA) Schools – A Special Report (download the Report)

The Fraser Institute is known as the premier expert on School Performance Evaluations. As a parent, by checking schools ranking you will be able to gauge the performance of the schools your child will possibly be attending before you make a move to that school district. We have compiled a list of the top 36 Elementary Schools in the GTA (as determined by the Fraser Institutes Overall Rating out of 10) and a list of the top 24 Elementary Schools in the GTA (again as determined by the Fraser Institutes Overall Rating out of 10)

In addition to the list you can simply click on the neighborhoods for the corresponding schools to see a full history and facts about that particular neighborhood that school falls into. We have also provided a plethora of information gleaned from the City of Toronto which includes age, gender, language, ethnicity, income and detailed profiles for every single neighborhood listed. (This info can be found by clicking on the neighborhood number for the corresponding school)

You may also click on the check mark under School Info to get the full contact info and all details for the school from the corresponding school board website. Where it was available we also provided a link to the direct website of the schools.

**To help simplify your search (in case there is a certain school(s) who’s district you would like to live in) just click on the last check mark in each row and select the desired school and every single street and street # that falls into that schools boundaries will be displayed. Alternatively if you are looking at a particular home(s) and want to know what school boundaries it falls into (for elementary, intermediate and high school) simply click the same check mark at the end of each row and type in the address of the home(s)

In case the school district found in your boundaries does not fall into our top schools list and you would like to know the Fraser Institute Rankings for that school simply click HERE for elementary schools, and HERE for secondary schools.

For further information or if you would like to set up a consultation with me personally  to further discuss your home buying options in the area of the Top Toronto Schools, you can email us directly.

http://ontario.compareschoolrankings.org/ChooseReport.aspx

download the report at

Top Toronto (GTA) Schools – A Special Report

http://www.vijaygandhi.com/BUYING/page_2228232.html

Vijay Gandhi is Re/max Real Estate Sales Representative  & Independent mortgage Agent -planner- industry insider & CENTUM Agent. If you are purchasing, refinancing or renewing your mortgage, contact Vijay or apply for a Mortgage Check-up to obtain the best available rates and terms.

As always, if you have questions about the 50/50 mortgage product and whether it’s right for you, or other mortgage-related questions, I’m here to help!

Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today! We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:

vijaygandhi.com , icxforsale.com & torontomortgagetrends.com

Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate! *condition apply/sub. to availability

Vijay Gandhi,
Sales Representative- REALTOR^®
RE/MAX Dynasty Realty Inc. Brokerage*
&
Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074

C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR^® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!
The referral of your friends & family is the greatest compliment you can give me. Thank you for your trust.

Please, forward my name, phone number & e-mail address to your friends, relatives, clients.

Home Energy Retrofit Grants – Deadlines for Eligibility

Tags

Deadlines for Eligibility, Home Energy Retrofit Grants

Home Energy Retrofit Grants – Deadlines for Eligibility

The federal and provincial governments provide grants to homeowners who undertake renovations that improve the energy efficiency of their homes.  These programs are coming to a close as of March 31, 2011.  See deadlines for eligibility below.

Details

Before undertaking any renovations:

Homeowners must first have an energy audit of their home performed by a licensed service organization (list of auditors provided at government web site address provided below).  The evaluation report provides customized recommendations for renovations to improve the energy efficiency of the home.  Once the homeowner has completed the renovations, a second audit must be undertaken within 18 months of the first one to determine the change in the home’s energy efficiency.

Deadlines for eligibility:

Home energy retrofit grants are provided by both the federal and provincial governments.  Both programs are ending as of March 31, 2011.  To be eligible for federal grants, homeowners must have booked a pre-retrofit audit BEFORE March 31, 2010 and have the post-retrofit audit completed by March 31, 2011, or within 18 months of the date of the pre-retrofit evaluation (whichever comes first).   Homeowners who booked a pre-retrofit audit AFTER March 31, 2010 can only access grants from the provincial government, but must also complete their post-retrofit audit completed by March 31, 2011.

For more information visit:

http://www.mei.gov.on.ca/en/energy/conservation/ohesp2/

http://oee.nrcan.gc.ca/residential/personal/grants.cfm?attr=0

 

For renovation related loans are also available click

http://torontomortgagetrends.com/Refinancing.php

http://torontomortgagetrends.com/Tap-Into-Home-Equity.php

 

___________________________________________________________
Home Electrical Safety Test – DIY do it your self and score your test- evaluation>>>>FREE DOWNLOAD___________________________

What you should know about Knob & Tube

Knob and Tube Wiring in Residential Installations

What you should know about aluminum wiring

Aluminum Wiring in Residential Installations

Finding an Authorized Contractor

To find the Authorized contractor nearest you

If you are looking for a listing of Licensed Contractors in Ontario, please click here for the ECRAESA listing of Licensed Contractors.

The Authorized Contractor Program was developed by ESA to recognize those Licensed Electrical Contractors and HVAC Installers who consistently perform Ontario Electrical Safety Code compliant work.

The Biological, Chemical and Mold Testing Report, ESA Cover Sheet, ESA Requirements Checklist and Structural Report (if required) may be submitted by:
E-mail: hygiene.reports@electricalsafety.on.ca
Fax: 1-905-712-7845
Mail: ESA, 400 Sheldon Drive, Unit 1, Cambridge ON N1T 2H9

Grow House Report Cover Sheet ESA Requirements for Inspection of a Site for Reconnection After a Grow House or Meth Lab Operation

 

This blog communication is for public awareness and public responsibility, for client and customer benefit and best intrest in mind.

Source of Information : http://www.esasafe.com/GeneralPublic/index.php

 

Vijay Gandhi is an Re/max Real Estate sales Personnel &  independent mortgage planner- industry insider & CENTUM Agent. If you are purchasing, refinancing or renewing your mortgage, contact Vijay or apply for a Mortgage Check-up to obtain the best available rates and terms.

 

Have you considered a 50/50 Mortgage?

As always, if you have questions about the 50/50 mortgage product and whether it’s right for you, or other mortgage-related questions, I’m here to help!

Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today!We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:

vijaygandhi.com , icxforsale.com & torontomortgagetrends.com

Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate!   Variable Mortgage  2.1%   5 Years Fixed  3.49%    Prime   3.00%
*condition apply/sub. to availability

Vijay Gandhi,
Sales Representative- REALTOR^®
RE/MAX Dynasty Realty Inc. Brokerage*
&
Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074

C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/
“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR^® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!
The referral of your friends & family is the greatest compliment you can give me. Thank you for your trust.

Please, forward my name, phone number & e-mail address to your friends, relatives, clients.

Capital Gains Tax (Summary & Web Links)

Tags

Capital Gains Tax, Exclusive VIP Condo Previews

A capital gains tax (CGT) is a tax charged on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a lower price. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property. Not all countries implement a capital gains tax and most have different rates of taxation for individuals and corporations.

For equities, an example of a popular and liquid asset, each national or state legislation, have a large array of fiscal obligations that must be respected regarding capital gains. Taxes are charged by the state over the transactions, dividends and capital gains on the stock market. However, these fiscal obligations may vary from jurisdiction to jurisdiction because, among other reasons, it could be assumed that taxation is already incorporated into the stock price through the different taxes companies pay to the state, or that tax-free stock market operations are useful to boost economic growth.

In Canada

Currently 50.00% of realized capital gains are taxed in Canada at an individual’s tax rate. Some exceptions apply, such as selling one’s primary residence which may be exempt from taxation.^[2] Capital gains made by investments in a Tax-Free Savings Account (TFSA), are not taxed.

For example, if your capital gains (profit) is $100, you’re only taxed on $50 at your marginal tax rate. That is, if you were in the top tax bracket you’d be taxed at approx 43%. Formula for this example using the top tax bracket would be as follows:

Capital gain x 50.00% x marginal tax rate = capital gain tax

= $100 x 50.00% x 43%

= $50 x 43%

= $21.50

In this example your capital gains tax on $100 is $21.50, leaving you with $78.50.

The formula is the same for capital losses and these can be carried forward indefinitely to offset future years’ capital gains; capital losses not used in the current year can also be carried back to the previous three tax years to offset capital gains tax paid in those years.

Corporations who earn capital gains are taxed at their full marginal rate – there is no 50% deduction for them as in the case of individuals. If more than 50% of a small business’s income is derived from specified investment business activities (which include income from capital gains) they are not even allowed to claim the small business deduction.

Capital gains earned on income in an RRSP are not taxed at the time the gain is realized (i.e. when the holder sells a stock that has appreciated inside of their RRSP) but they are taxed when the funds are withdrawn from the registered plan (usually after converting to a registered income fund.) These gains are then taxed at the individual’s full marginal rate.Unrealized capital gains are not taxed.
I am a buyer I am a seller

____real estate____www.vijaygandhi.com_____mortgages_____

What’s new for capital gains

Topics about Line 127 – Capital gains

Calculating and reporting How to calculate your capital gains and losses, and complete line 127 and schedule 3 of your return.	Capital losses and deductions You may be able to reduce your taxable income by claiming capital losses, deferrals, reserves and the cumulative capital gains deduction.
Shares, funds and other units Publicly-traded shares, bonds, mutual fund and trust units, stock options, flow-through entities, and identical properties.	Capital gains (or losses) from information slips How to report your capital gains (or losses) from T3, T4PS, T5, T5008, T5013 and T5013A information slips.
Principal residence and other real estate Designation, change of use and disposition of a principal residence, which can be a house, apartment, cottage, mobile home or houseboat.	Transfers of capital property Transfers to a spouse or common-law partner, or to a trust, corporation or partnership.
Capital gains and losses from business and partnerships Information for individuals whose capital gain or loss arises from a business or partnership.	Gifts of shares, stock options, and other capital property Donations of Canadian cultural property, ecologically sensitive land, and other capital property such as bonds, shares or stock options.

Note
You cannot file your income tax return using Telefile if you are reporting capital gains (or losses) on Schedule 3, Capital gains (or losses).

Questions and Answers about capital gains.

Forms and publications

Forms and publications you may need for capital gains.

Related topics

• Line 217 and 228  –  Business investment loss
• Line 252 – Non-capital losses of other years
• Line 253 – Net capital losses of other years
• Line 254 – Capital gains deduction
• Non-resident dispositions

·        Capital Gains Tax on the Sale of Real Estate Properties in Ontario

·        How do I create income from a second home or vacation property?

·        Principal Residence and Other Real Estate : PART-4

·        The tax implications for Canadians buying U.S. property 

I am a buyer I am a seller 

____real estate____www.vijaygandhi.com_____mortgages_____

Whether you are planning to buy-sell-lease-invest your first home or your investment, contact us today!We’d love to hear from you!
Please leave a detail message; I will get back to you soon as possible…

Thanks for visiting my web sites:

vijaygandhi.com , icxforsale.com & torontomortgagetrends.com

Mortgage Rates Are At Historical Lows. Easy OnLine Application. Apply And Get The Best Mortgage Rate!   Variable Mortgage  2.1%   5 Years Fixed  3.49%    Prime   3.00%
*condition apply/sub. to availability

Target for the Overnight Rate
Key interest rate: target for the overnight rate

Vijay Gandhi,
Sales Representative- REALTOR^®
RE/MAX Dynasty Realty Inc. Brokerage*

Mortgage Agent – Lic.# M10001947
CENTUM Metrocap Mortgage Corp. Lic.#11074

C: 647-267-6338 (Direct-Leave message or text)
O: 416.335.4335 | 905.471.0002 (page me-Have me)
F: 905.471.7441
E-MAIL: vtgandhi@yahoo.com , vgandhi@remax.net
WEB:  www.vijaygandhi.com , www.icxforsale.com
BLOG: https://gtarealtyagent.wordpress.com/

I am a buyer I am a seller

“YOUR PERSONAL REAL ESTATE & MORTGAGE ADVISOR^® FOR LIFE”
Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!
The referral of your friends & family is the greatest compliment you can give me. Thank you for your trust.

Please, forward my name, phone number & e-mail address to your friends, relatives, clients..