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Summertime House Maintenance

I am passing on a list of Areas to Address for Summertime House Maintenance From A Local Professional Home Inspector... Monitor basement humidity and avoid relative humidity levels above 60 per cent. Use a dehumidifier to maintain safe relative humidity. Clean or replace air conditioning filter, and wash or replace ventilation system filters if necessary. Check basement pipes for condensation or dripping, and take corrective action, for example, reduce humidity and or insulate cold water pipes. Check the basement floor drain to ensure the trap contains water. Refill with water if necessary. If you have a plumbing fixture that is not used frequently, for example, a laundry tub or spare bathroom sink, tub or shower stall, run some water briefly to keep water in the trap. Deep clean carpets and rugs. Vacuum bathroom fan grille. Disconnect the duct connected to the dryer and vacuum lint from duct, the areas surrounding your clothes dryer and your dryer’s vent hood outside. Check security o...

Homeowners in line for 15% Rebate on Home Renovations

In an effort to stimulate the sagging economy, the Government of Canada recently introduced a new Tax Rebate on home renovations done in 2009. Following the recent announcement of the Home Renovation Tax Credit (HRTC), tax taxpayers can claim 15% of their home improvement bills for work done between January 27, 2009 to February 1, 2010. The tax credit, which is available for homes or cottages owners, is effective immediately. Taxpayers can claim renovations on their 2009 tax returns on costs over $1,000, but not exceeding $10,000 for a total tax break of $1,350 maximum. Eligibility for the HRTC will be family based. A family will be allowed a single credit that may be shared within the family. If two or more families share the ownership of an eligible dwelling, each family will be eligible for their own separate credit (i.e. each up to $1,350) that will be calculated on their respective eligible expenditures. If you own a home and a cottage, eligible expenditures incurred for both prop...

Market Watch - May 2009

Housing Sales Increase for the Second Month in a Row! For the second month in a row, the Canadian housing market has recorded an increasing number of sales in most areas around the country. “Conditions in the resale housing market have improved markedly this Spring,” according to TREB President Maureen O’Neill. “Home purchases have increased as households have taken advantage of low interest rates and slightly lower home prices.”While April sales remained lower than last year, the housing market gained momentum on a month-over-month basis.Paul Penner, President of the Fraser Valley real estate board, says current conditions have created one of the best buying opportunities in years. “REALTORS® have successfully communicated to their sellers to be more realistic with their prices, which is why we’ve seen a 29% increase in sales from March to April.” Penner also attributes the increase to all-time historically low interest rates and still relatively high inventory for Fraser Valley, alth...

Fabulous R*E*N*O*V*A*T*E*D 2 Bedroom Suite in High Demand North York Location

Offered at $167,500 Thousands Spent in Upgrades. Tastefully Decorated in Neutral Décor. Huge Storage/Laundry Room, Double Bedroom Closets, Well Managed Building. Close to Shops, Schools, TTC, Parks, HWY’s. Nothing To Do But Move In! Call Jason to View!

Beautiful Freehold Townhome!

Offered at $349,900. This 3 Bedroom, 2.5 Bathroom, Family Room with Walk-Out, Open Concept Living. Very Rare South Facing Yard Backing Onto Park! Extremely Bright & Spacious! Neutral In Decor. Steps to R/T, Shopping, Parks & More! Call Jason to View!

Ownership Housing Plays Important Role

Maureen O’Neill, President of the Toronto Real Estate Board May 22, 2009 -- A couple of months ago, I focused this column on the affordable housing strategy that the City of Toronto was developing. This is an important issue, so I want to update you on where this strategy stands.After almost a year of consultations, a final version of the strategy was released by the City last week. Although it is not perfect, the document does make some encouraging commitments, the most important of which, I believe, are the targets that it sets for affordable ownership housing. Before I get into the details of this aspect, it is worth mentioning that the simple fact that the City’s strategy includes actions on affordable ownership housing is a considerable accomplishment. In the past, government action on affordable housing almost always focused exclusively on rental housing. For years, REALTORS® have been telling governments that ownership housing has an important role to play in affordable housing ...

In The Trenches In Toronto...

In the last couple of weeks, it seems like the Real Estate market ALL OVER TORONTO has been extremely HOT. Detached, Semi's & Freehold's that are in average to above average condition and are priced competitively, seem to be selling fast. This is a true testament that today's affordability continues to possitively drive the market in TORONTO.