Monthly Archives: February 2011
Talk about client’s frustration with mortgage companies reaching an all time high! Patrick Rodgers received a note from his bank directing him to increase the insurance coverage of his home to one million dollars. He refused and took the mortgage company to court instead. He won.
It’s a lazy Saturday morning and you’re sitting in your new kitchen with the sweet smell of freshly baked muffins and a cup of the best Colombian coffee.
A beautifully designed kitchen can evoke many powerful emotions. It is the heart beat of every home, where family and friends congregate, children play, do their homework; and often where special occasions take place.
Step inside this cherished and lovingly updated home. Enjoy its open-plan main floor layout and terrific family kitchen much loved by the current owners for ease in entertaining and quiet enjoyment.
Nestled on a low-traffic street in “The Pocket”, it affords marvellous access to all the amenities this neighbourhood offers. Just a quick stroll to The Danforth specialty stores, restaurants, cafés and the subway.
When supply and demand go down, sales prices go down, right? Not in Toronto, especially not in prime central neighbourhoods such as Lawrence Park, Leaside, and Davisville. Looking at Toronto Real Estate Board figures for December 2010, they show 1,096 home sales compared to only 896 in January 2011, or an 18 percent drop.
It’s fair to say that when it comes to predicting the future of real estate prices, the right hand doesn’t seem to know anything about the left hand. Just a couple of days ago, the press was busy taking about the possible collapse of real estate markets.
We just can’t seem to keep those eager fear mongers quiet. No matter what the actual real estate numbers show, they insist that the end is near, and that we should all run for cover. What utter nonsense!