Vacant Home Tax in Region Of Peel The Vacant Home Tax in Peel Region, Ontario, is imposed as a measure to encourage property owners to put their vacant homes to productive use. This tax is designed to address the issue of housing affordability and availability in the region, by ensuring that homes that are not being used are put back into the market for others to occupy. By imposing a tax on vacant homes, the…
Tips for the first time home buyers House hunting and buying is not an easy task. You are investing in one of the big investments of your life. Before you venture into home buying, it's a good idea to keep yourself informed. Here are few tips for the first time home buyers. Get your finances in order: Before you start looking for a home, get your credit score and get pre-approved for a mortgage so…
Buying a Town Home With POTL fee and how can it affect your purchase In the hot market it becomes very important to be knowledgeable what you intend to buy. Since real estate market has been very hot in year 2021 and at the beginning of 2022. In many homes sales, this question comes about the freehold town homes when the buyer want to buy but he doesn't know the implications of POTL fee. "Before…
Three Things You Must Have Before You View a place You can pre-qualify yourself by having undermentioned documents handy. In rent to lease property, this is very common. This will save your time. Before You View The Property Credit Report - Recent, at least not more than 30 days old. Job letter - If its not handy, acquire one from your HR. Pay stubs - At least three After You Like The Property You will…
Leasing A Home Renting or Leasing A Home and Documents Needed Quick checklist What You Need To Have Credit Checks* - Most recent. e.g 30 days or so, is the trend. Equifax is the preferred choice. Job letter*. Salary details and Pay stubs* Work Place reference Photo id of the no of people occupying the place. Post-dated cheques.* In addition To Above Landlords Also Ask For No of Cars Park needed. 1st and last month…
Home With Wood Burning Fire Place Do you have Wood burning fire place in your home. If yes, time will come when you will need your home chimney to be inspected by a certifies WETT certified professional. The need for this is dues to the fact that with over a period of times, creosote builds up inside the wall of the chimney. How often you have you have to clean , depends upon your use…
Why Should You Buy A Pre Construction Since the pandemic, home prices in he GTA has been sky rocketing literally. The impact is mostly on the new buyers or first time home buyers, those who do not have hefty down payment to make to buy an expensive property. The average home price of a resale detached home has gone past million dollar in year 2020. What it means to buyers is, they will have to…
Why To Invest In A Condo Investing in a freehold home or a condo? This has always been a big question. Not long ago, whenever you happen to meet someone who has been looking to buy a home and ask their preference of type of home they would like to buy. The simple answer used to be detached freehold home. Not even any type of semi or town house. Real Estate Market has changed in…
Record November For Greater Toronto Area Real Estate Housing prices in GTA. Everyday when you meet someone, there is never a moment we talk about hot real estate market. You sit in a car and tune to local radio or watch TV, you will not miss the the hot GTA real estate news. This has been the hot topic. As home prices are historically up, everyone is concerned and are thinking where will their kids…
What is POTL Fee What is a POTL property? When buying a Townhouse, many times we come across a term POTL. While there are basically two types of townhouses viz. Freehold and Condo Townhouse. Freehold Town house can further be categorized as totally Freehold and Freehold with a POTL fee. Term POTL simply stands for Parcel Of Tied Land. Sometimes, builders come with such dwellings which have common element tied with the property. The property…