Why Are Condo Fee So High? Condominiums have been the hottest segment of the market around GTA until Covid hit, it was partly because of the lack of affordability for freehold housing, as well as changing demographics, lack of available land in Downtown Toronto, life-style choices, just to name few reasons. In this article we will look at why are condo fees so high. The amount to be paid for monthly condo fees can range anywhere from $200 for a studio unit in the brand new condominium... [read more]

Selling a condo in GTA. If you want to sell a condo in GTA our first question would be if you must do so, as we have already pointed out in another blog we think the real estate in GTA will do very well over the long period of time, hence if you are able to financially, and want to be a landlord (many people buy a condo as their first property and then move into a freehold as their lifestyle changes) consider keeping your condo as long as it’s a good condo in a good building. If we... [read more]

We have been asked on many occasions about the RRSP Home buyers plan and thought it would be a good idea to explain the details from the beginning to the end of how it works, and what to do. What is Home Buyers Plan. A home buyers plan allows you to withdraw up to $35,000 per person (if you are a couple you can withdraw up to $35,000 each, for a total of up to $70,000) for the purchase of the qualifying home for yourself or for a related person with a disability. You can only withdraw... [read more]

You may have heard of realtors offering a cash back, in this short blog we will explain what it is, and how it works. What is a cash back? Cash back for buyers is an incentive offered by the real estate agents for their buyers. In a typical real estate transaction the sellers signs a contract with the listing agent, in the contract one of the items outlined is a commission, part of the commission is received by the listing agent (agent representing the seller), and part of the commission... [read more]

If you are not familiar with kitec plumbing you are not alone, many have not heard of it, but if you are home or condo owner, or you are in the process of buying one, it would be beneficial to you to familiarize yourself with the basics. If interested, please read on. About kitec. Kitec plumbing was a very popular product used in homes and condos constructed between 1995 and 2007. In 2007 the problems were identified related to this product as the pipes and fittings were... [read more]