Experienced and Savvy Investors Buy in December to March Winter Months

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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…

Scarborough RT to close between 2015 and 2019 | Scarborough TTC riders will be stuck with buses for 4 yrs.

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rapid transit, Scarborough RT, SRT, stc, TTC

Scarborough RT to close between 2015 and 2019 | Scarborough TTC riders will be stuck with buses for 4 yrs.

TTC ridership in parts of Scarborough is expected to plummet after the 2015 Pan American Games as the obsolete rapid-transit line is shut down for four years of construction, warns general manager Gary Webster.

Dozens of extra buses will be added to the route between Kennedy Station and Scarborough Town Centre while the updated light rail system is built, but Webster thinks people are likely to return to their cars until the LRT opens in 2019.

“We’re going to drive people away from transit, there’s no question,” he said, noting that a parallel bus service that’s operated for years alongside the SRT has never been embraced by riders.

Meanwhile, Webster said the full length of the Eglinton-Scarborough Crosstown LRT won’t be done until 2022, although Metrolinx maintains it can be finished by 2020 and is considering a public-private partnership to speed things up.

To any constituents who are angry they’ll be stuck with buses during that time, local Councillor Chin Lee says: Be careful what you vote for.

Lee said he had an understanding with former TTC chair Adam Giambrone that the planned Sheppard LRT should be complete before the SRT — which is on its last legs — was torn down.

“He agreed with me on that,” said Lee. “Unfortunately, the subway advocates were a very vocal group and the mayor listened to them.”

The Transit City plan, which included a Sheppard LRT linking with the SRT at its northern end, was cancelled in favour of the mayor’s subway vision. And the Eglinton light rail plan, connecting seamlessly at the southern end, was moved underground, which takes significantly longer to build.

“Just be careful what you ask for and think of all the implications, not only just the short term,” Lee said.

As he finished speaking to reporters, the mayor’s brother, Councillor Doug Ford, said: “I totally disagree with those comments, 100 per cent,” before returning to the budget committee meeting.

The SRT, with its cars resembling a mini subway train, opened in 1985 to much fanfare. Today, it moves up to 5,000 riders an hour at peak periods.

The TTC will put between 20 and 30 extra buses on the road to accommodate the closure, but it’s likely to take significantly longer to get from point A to point B on a bus.

Left-wing Councillor Gord Perks said the mayor has let down the people who elected him. “Scarborough voted for a transportation plan that was supposed to get them more. Now they’re finding out they’re going to get dramatically less,” he said.

source: http://www.metronews.ca/toronto/local/article/1043474–srt-to-close-between-2015-and-2019

comment
gtarealtyagent |6:23 PM | Dec 07, 2011

@ STC lots of condo get built as the commuter get way out from there to DT toronto, can you imagine…………no SRT means to them?, please discuss… Alert a moderator

please leave your concerns and comments here:

 

Do i need a permit to build a fence ? How to Build a Fence DIY

Do i need a permit to build a fence ?

You don’t require a permit to build a fence unless it is for a swimming pool enclosure. Be aware, however, that some restrictions do apply so contact your local buildings office before you build or view the fence bylaw online. To help resolve any disputes between property owners, the City of Toronto has established an impartial arbitration process under the Provincial Line Fences Act, R.S.O. 1990, Chapter L.17. You can find more information or download an application for fence viewers on the City’s Line Fence web page. Infractions of the fence bylaw can be reported to Investigation Services, Municipal Licensing & Standards.
This is to provides standards regarding the location, type and height of fences. Noted below are some examples:

• Back yard fence – cannot be more than 6 feet 6 inches in height
• Front yard fence – cannot be more than 4 feet high but the first 8 feet must be no higher than 39 inches if the material is opaque
• Pool fences – you must have a fence around a pool to prevent entry to the area where the pool is located

If you see a fence that you think is in violation of the standards, contact your City’s District Office and an Officer will investigate the complaint.

Fence Viewers, appointed by City Council under the provincial Fence Viewers Act. A Fence Viewer can be hired (an information sheet is available from the City Clerk) by a property owner if there is a dispute over a fence erected on a property line.

Building an Alternate-Board Fence

Source: http://www.toronto.ca/faq/licences_permits.htm#fence

Should Commitee of Adjustmentment/Provincial Line Fences Act Review and Consider this vivid Nature of Earth?

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Magnetic North Pole Shifts

I read this on the link as follows

Planet Earth ?

Magnetic North Pole Shifts, Forces Runway Closures at Florida Airport

http://www.foxnews.com/scitech/2011/01/06/magnetic-north-pole-shifts-forces-closure-florida-airport/?test=latestnews

Question arise in is that

Q: the Does commitee of adjustmentment should review and consider this vivid nature of earth?

in toronto or any where on the earth if we have to adjust the runways, and if earths pole and maps moves every year around 40 meters! does that mean- none of the civil arrangements are not non changeable.and also apply this for line fence act cases

By Jeremy A. Kaplan | Published January 06, 2011  | | FoxNews.com

Gary A. Glatzmaier / UCSC

A computer simulation

shows the Earth’s magnetic field lines and two poles, with blue lines directed inward and yellow lines directed outward.

The planet’s northern magnetic pole is drifting slowly but steadily towards Russia — and it’s throwing off planes in Florida.

Tampa International Airport was forced to readjust its runways Thursday to account

for the movement of the Earth’s magnetic fields, information that pilots rely upon to navigate planes. Thanks to the fluctuations in the force, the airport has closed its primary runway until Jan. 13 to change taxiway signs to account for the shift, the Federal Aviation Administration said.

The poles are generated by movements within the Earth’s inner and outer cores, though the exact process isn’t exactly understood. They’re also constantly in flux, moving a few degrees every year, but the changes are almost never of such a magnitude that runways require adjusting, said Paul Takemoto, a spokesman for the FAA.

The magnetic fields vary from place to place. Adjustments are needed now at airports in Tampa, but they aren’t immediately required at all airports across the country.

Read more: http://www.foxnews.com/scitech/2011/01/06/magnetic-north-pole-shifts-forces-closure-florida-airport/#ixzz1AVVEnTeA

____________http://www.toronto.ca/planning/comm_adj.htm_______________

		Committee of Adjustment
		Committee of Adjustment Toronto City Council has appointed a Committee of Adjustment consisting of citizen members. The Committee of Adjustment operates as four panels: Etobicoke, North York, Toronto East York, and Scarborough. They regularly hold public hearings to consider applications for minor variances, permission and consents. Application Checklist ( 89 Kb) Application Form ( 685 Kb) Definitions: Minor variances Small changes or exceptions to existing land use or development restrictions contained in the zoning bylaw are called minor variances. Consent City of Toronto must grant consent for land transactions such as: to divide (sever) land into new lots, to add land to an abutting lot, to establish easements or rights-of-way and to lease or register a mortage over 21 years. For public hearing schedules, please contact your local Committee of Adjustment office. The Planning Act of Ontario grants authority to committees of adjustment to make decisions on: minor variances from the Zoning By-law ____________________________________________________________________ http://www.toronto.ca/fence/What is a line fence? A line fence, also known as a division fence, is any fence marking the boundary between an owner’s property and a neighbouring property. Neighbouring property owners may disagree about the need to build a fence, what type of fence to build, or whether an existing fence needs to be reconstructed. If agreement cannot be reached, the City has an impartial arbitration process authorized by the provincial Line Fences Act to help resolve line fence disputes. The initial fee for the process is $1,110. Regulations for the height, materials, and other issues are outlined in the Municipal Code.

Real Estate Legal Terminology – Minor Variance

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Minor Variance

You have probably heard the real estate legal terminology “minor variance” from time to time. Once thing to know right away is that the term “minor” is not always taken literally. It refers to a request made of the local municipality to make a variance of a by-law that may be necessary to make a change or bring a present condition into being legal.

A simple example of this may be that a current legal bylaw requires that a home be situated 4 feet from a property line. Should the home be only 3 feet then it would require a “minor variance” of 1 foot, which for all intents and purposes would be granted since no one would require or expect the home or the lot line to be moved.

http://www.toronto.ca/planning/comm_adj.htm

The most significant thing in this case is the application fee, which is about $300 together with attendance at a regularly scheduled hearing. Where a “minor variance” would not be taken as literal terminology is in the case of a severance to create a lot that is say – 30 feet wide when the by-law requires 50 feet. In this case a 20-foot variance may seem “major” however if the lots in the surrounding area were 30 – 35 feet then the variance would likely be granted.

When buying a home that may require a variance it is best to obtain legal advice and your real estate agent may refer you also to professionals that deal with planning issues.

If you have any questions/suggestion or require more information, please do not hesitate to contact me and I will be happy to assist you.

Vijay Gandhi,
Sales Representative- REALTOR^®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
F: 905.471.7441
E: vtgandhi@yahoo.com , vgandhi@remax.net
W:  www.vijaygandhi.com , www.gtarealtyagent.com

Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

Regulations may be coming for mortgage prepayment penalties

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Ombudsman for Banking Services and Investments, prepayment penalties, Regulations

With interest rates as low as they’ve been in years, many people selling their homes or refinancing have been faced with tremendous prepayment penalties. Although you can negotiate the penalty if you stay with the same lender, a lender isn’t going to waive a prepayment penalty completely unless they can charge you a higher interest rate for the term of the loan. 

The penalties are based on what is called ‘the interest rate differential’, essentially, the difference between the rate you are paying and the rate the lender could charge you, or someone else, for a new loan.   

If you know you’re going to be breaking your mortgage early, and you’ve sat down and tried to calculate your prepayment penalty, good luck. Even if consumers understand the basic concept behind the interest rate differential, calculating what this means in real terms is beyond most people’s ability. Calculation of the penalties is complicated by the fact that the interest rate differential is sometimes calculated using posted rates, rather than the ‘discounted’ rates that consumers actually pay.
__________________________________________________________________ 

You can find the Residential/Commercial/multiplexes/investment listings on webs sites as under

 www.vijaygandhi.com
 www.icxforsale.com

Learn more:
The next Bank of Canada interest rate meeting is September 8 ,2010.
____________________________________________________________

The Finance Minister is considering introducing regulations to standardize how prepayment penalties are disclosed to consumers, and how they are calculated.

If you have a complaint about a mortgage prepayment penalty and you’re getting nowhere with your lender, you can always file a complaint with the Ombudsman for Banking Services and Investments.

This blog is intended as general information only and does not constitute legal advice. If you need legal advice, please speak to a lawyer.

If you have any questions/suggestion or require more information, please do not hesitate to contact me for buying or selling and also I will be happy to assist you negotiating your investment needs.

You can find the Residential/commercial/multiplexes/investment listings on webs sites as under

www.vijaygandhi.com

www.icxforsale.com

Vijay Gandhi,
Sales Representative- REALTOR^®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
F: 905.471.7441
E: vtgandhi@yahoo.com , vgandhi@remax.net
W:  www.vijaygandhi.com , www.gtarealtyagent.com , www.icxforsale.com 

Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

What makes buying a home different from other investments?

Buying a Home

1. You may find it hard to get your money out. Some investments can lock in your money for a while, but you can usually pay a penalty and get your money out if you really need it (for example, a five-year Guaranteed Interest Certificate (GIC)). If you buy a home, you may find it will tie up most of your savings. Turning your house into cash means selling it or renting it out, and that can take a lot of time and effort. That’s why a home is not considered a very liquid investment.

2. You will pay very different kinds of costs. Most investments have costs like service charges, fees, or commissions. The costs to maintain a home investment are different, and many are hard to plan for. There are taxes and utility costs, for starters. Then there’s maintenance. On top of that, if you have a mortgage, you will pay interest – and interest rates can go up, making your home investment more costly to own.

3. Many factors affect what you will make. Some investments, such as GICs or bonds, give you a fixed rate of return, so there’s no guesswork. You can estimate the return on other investments, such as stocks or mutual funds, based on past results and other factors, but there is no guarantee what you will make. To predict how much money you’ll make when you sell a home, you have to look at factors such as:

• The average increase in housing prices over time, which runs between 2% and 4% a year in most locations
• The location of your home
• Your home’s size, age, and condition

4. You get the unique advantage of living in your investment. Most investments bring you a return in the future. A home can do that too, but with a home, you also get to enjoy your investment by living in it.

5. You are not just investing, you are also borrowing. A few lucky people have enough money to pay cash for their homes, but most people make a down payment and borrow the rest by taking out a mortgage. When you buy investments like stocks and bonds, you don’t usually borrow the money you invest – or at least, not as much.

6. You use different sources of information to research your home investment. Your real estate agent is your best source of information when buying a home. Find one you feel comfortable with, who seems to understand your needs and your budget. Make sure they are familiar with the area you are interested in. Of course, don’t overlook other sources of information. For example, people in the neighbourhood are often willing to share information that can help you make your final decision. Newspapers, books and the Internet also provide useful information. You can also talk to your banker or financial adviser.

Remember: Location matters when you’re buying a home

The return on investment for homes in some places is higher than it is in others. Whether you live in a small town or a big city, you get the same interest on a GIC. If you buy a house in a small town, you probably will not pay as much for it as you will for a similar house in the centre of a large Canadian city, close to public transit, shopping, schools, and entertainment.

You can find the multiplexes/investment listings on webs sites as under

www.vijaygandhi.com
www.icxforsale.com

Learn more:

Canada Mortgage and Housing Corp.: information on a wide range of topics ranging from finding a contractor, to home maintenance checklists

Free How-to-Renovate videos from CMHC

Canada Home Builders’ Association – Resource Centre Worksheets: worksheets and checklists you can use when planning a renovation

Find a renovator or contractor who belongs to the Canadian Home Builders’ Association

 (The comments contained on this site are for information purposes only and do not constitute legal advice.)  *Charlie is fictional character

If you have any questions/suggestion or require more information, please do not hesitate to contact me for buying or selling and also I will be happy to assist you negotiating your investment needs.

You can find the multiplexes/investment listings on webs sites as under

www.vijaygandhi.com

www.icxforsale.com

Vijay Gandhi,
Sales Representative- REALTOR^®,
RE/MAX Dynasty Realty Inc. Brokerage*
C: 647. 267. 6338 (Direct-Leave message or text)
P: 416.335.4335 | 905.471-0002 (page me-Have me)
F: 905.471.7441
E: vtgandhi@yahoo.com , vgandhi@remax.net
W:  www.vijaygandhi.com , www.gtarealtyagent.com , www.icxforsale.com 

Please call me TODAY for a No Obligation Buyer Consultation or Pre-Listing appointment!

why pay more ? listing commission plan starts 1%* and up,get VIJAY now.

why pay more ? listing commission plan starts 1%* and up,get VIJAY now.

Vijay Gandhi,
Sales Representative,
RE/MAX Dynasty Realty Inc. Brokerage*
Direct: 647-267-6338     Office: 905-471-0002 / 416-335-4335
 

Let the scrambling begin: Canadians have two weeks to file tax returns

 

Thu Apr 15, 2:32 PM, Lauren Krugel, The Canadian Press, storyform yahoo finance

CALGARY – Many Canadians will be spending the next few weeks wading through paperwork and scouring their homes for months-old receipts, as the April 30 deadline to get their taxes in order looms.

“People hate doing this,” said Dennis Tew, chief financial officer at Franklin Templeton Investments Corp.

“They know that they have to go and find all their information. They know that they have to pull it together.”

Tew said he’s made a habit of getting his own tax return done early each year – mainly because his tax refund arrives that much quicker.

“I can spend it and use it in my life better than having it sit with the government for a few more months,” he said.

While Gena Katz, executive director of Ernst & Young’s tax practice, agrees it’s “silly” to put off filing a tax return if the government owes you money, she said it’s even worse to miss the deadline when it’s the other way around.

If you fail to pay your 2009 taxes by midnight April 30, the Canada Revenue Agency will charge a five per cent penalty on the balance owing, plus one per cent of the balance for each full month the return is late for up to 12 months.

“For people who owe money, they really have to file on time or at least pay on time because the penalties are pretty severe for late filing,” said Katz.

With two weeks to go until the taxman comes knocking, chronic procrastinators across Canada may be at a loss of where to start.

“All of a sudden you go into this panic because now you’re trying to find all of this information,” said Cleo Hamel, a senior tax analyst with H&R Block.

The government needs any information relating to income, so first and foremost it’s important to round up those T-slips.

The next priority is to track down forms and receipts related to any number of available tax credits – charitable donations, children’s health programs, childcare, home renovations, tuition, and healthcare costs.

“If the only thing you have is your income information, I know that by the end of it you’re not going to be happy with the result. You’ll probably owe money or maybe you’re not getting as much of a refund,” said Hamel.

“At least it would save you from any marks against your file with the CRA by filing on time.”

If the receipts for tax deductions turn up after April 30, it’s always possible to file them to the CRA for an adjustment later on, she said.

Once the stress of the current tax season passes, it’s probably a good time to start thinking about how to do things differently in 2010 tax year.

A system to collect any tax-related papers in one place year round is a must – and it doesn’t need to be fancy.

“Everyone laughs when I say ‘actually get the shoe box.’ And I literally mean ‘get the shoebox,”‘ said Hamel, who said it’s not uncommon for people to walk into an H&R Block location carrying a box full of paper.

It’s also worthwhile to get a head start on taking steps that will help make next year’s tax bill more favourable, said Myron Knodel, a tax and estate planning expert at Investor Group in Winnipeg.

One way is to sort out capital gains or losses on investments by the end of the calendar year. Losses from one year can be applied against another year’s realized gains, half of which can be taxable.

There’s no point in waiting for the government’s notice of assessment to arrive in the mail before contributing to a Registered Retirement Savings Plan, Knodel added.

A lot of people believe they have to wait until the government tells them how much room they’re able to contribute to their RRSP before making a move.

“The one thing that people aren’t aware of is that your RRSP contribution room for a year begins on Jan. 1 of that year, not when you receive your notice of assessment,” he said.

“With the RRSP, the earlier you can contribute, the longer you’re going to be able to tax shelter your investment income.”

Toronto becoming a condo Mecca

Toronto becoming a condo Mecca

Having just spent several days chauffeuring some west coast industry guests on a housing tour of the city, I don’t believe there’s ever been a more exciting time in Toronto’s evolution. When you take it in all at once, it’s truly remarkable to see what has been happening and even more exciting to see what’s still to come.

Our waterfront redevelopment is finally underway with the first condo buildings on the market in a project called River City. With the Pan Am games coming in 2015, the waterfront is going to be a hub of activity for many, many years to come.

A little further north and west, the redevelopment of Regent Park is well underway. The scale of the redevelopment is huge and in my opinion, very well conceived.

Around the Air Canada Centre and Rogers Centre, there’s a whole critical mass developing with condo and office buildings rising simultaneously. Proceeding along Front Street, it’s amazing to see how far west City Place has progressed with the railway lands redevelopment on the south side.

Then there’s Liberty Village, which has developed into a thriving community and a little further southwest, completely new neighbourhoods forming in the Fort York area with so many buildings already standing and more to come.

Remember the motel strip in Etobicoke? It’s hard to believe how much condo development has already occurred there. let alone how much is currently being marketed and sold.

From a north-south perspective, Yonge Street features signature projects like the 80-storey Aura building at College Park and the 65-storey One-Bloor development which has just been re-launched. Continuing north, there are all the great new buildings at Yonge/Eglinton, Yonge/401 and the North York City Centre.

There’s no question that the City of Toronto has become a condo mecca. Meanwhile the 905 municipalities are bringing on some big plans as well, but that’s a subject for next week.

article from – METRO CANADA April 08, 2010 9:00 a.m.

Stephen Dupuis is president and CEO of the Building Industry and Land Development Association (BILD). He can be reached at president@bildgta.ca.