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‘For Sale By Owner’ Founder Hires Broker to Sell His Condo – Toronto Real Estate News (Video)

by John Carr Latest News

The Wall Street Journal recently reported that after six months of trying to sell his Chelsea Condo, “For Sale by Owner” founder Colby Sambretta has given up, and hired a real estate agent to find a buyer.

Jesse Buckler, The agent not only increased the price, …

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Buying a Home in Toronto – Beware the Pitfalls of Collateral Mortgages (Video)

by John Carr Tips for Buyers

Here is a quick look at proposed mortgage changes by some Canadian banks and how they can have a serious effect on how you finance your home in the future.

Some of the major Canadian banks want to move all mortgages from conventional to collateral mortgages.

What …

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Ottawa Renews Federal EcoEnergy Retrofit Program – Homes in Toronto

by John Carr Toronto Real Estate

Here comes a bit of relief and some good news for a change for Canadian homeowners.

Ottawa is bringing back the ecoENERGY Retrofit Homes program, a program aimed at helping homeowners save on home improvements and energy costs.

Starting now until March 31, 2012, some homeowners trying to …

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Competition Bureau Sues Real Estate Agents Again – Real Estate in Toronto

by John Carr Latest News

Sue: Hey Bob, looks like Melanie wants to put all real estate agents out of business.

Bob: Who is Melanie?

Sue: Melanie Aitken is the Competition Bureau watch dog. She is determined to see that homes are sold HER WAY!

Bob: What is she doing now? It looks …

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House Prices May Have Hit the Top – Toronto Home Prices

by John Carr Featured

House prices have likely peaked after a strong six months, Royal LePage Real Estate Services said Thursday in a market update.

While prices saw big year-over-year price increases in the second quarter, “high house prices are concealing early signs of a moderating …

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Sex Offender Lived on the Same Street, Home Seller Charged – Buying a Home in Toronto

by John Carr Toronto Real Estate

Should a home seller have to disclose to a buyer that there is a sex offender living across the street? Apparently an Ontario court thinks so. A couple with two young children bought a home in Bracebridge, Ontario and a year later found out that …

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Homebuyers’ Desperation Beginning to Show – Toronto Home Prices

by John Carr Tips for Buyers

Some homebuyers are feeling that if they do not buy now, they may never be able to get into the real estate market. Home prices in places like Toronto keep rising and low interest rates serve only to add fuel to the fire of a …

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How Bad Could it Get in the Toronto Housing Market? Toronto Real Estate

by John Carr Featured

Economist David Madani predicts a 25% decline in home prices over the next three years.
Madani argues that the affordability gap (income levels versus home prices) has grown so large that it will be years before home buyers will be able to get into the housing …

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Is Government Intervention Needed to Stop the Rise of Canadian House Prices? Toronto Homes

by John Carr Toronto Real Estate

When I first heard this question, I wondered if this wouldn’t be a great way to bring down not only our current Tory government, but any government for that matter!

If you happen to be a frustrated first or second time buyer, this idea may sound very …

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Banks Fight Over Your Mortgage as Toronto Housing Market Slows Down

by John Carr Tips for Buyers

Faced with slower loan volumes and an uncertain global economy, the Canadian banks are fighting tooth and nail for growth, especially in residential mortgages, the largest single asset class on bank balance sheets.

Competition has become so intense in some cases that lenders are offering home …

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