What if your Ideal Home Isn't Available? Imagine you're looking for a new home. You have a list of all the features you want, just like you would have a grocery shopping list. However, when you explore the homes currently on the market, none meets all your criteria. What do you do? You have a few good options. First, you can take a second look at your list. Does your new home need every single feature on it? Are there one or two features you can do without? For example, can you settle... [read more]

Ontario is considering allowing realtors to tell prospective home buyers the prices of other offers in bidding wars. The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that’s one rule they’re looking at changing. Currently, if there are multiple bids on a home, the seller’s broker can only disclose the number of competing offers, but not the details of... [read more]

If you are thinking of taking advantage of the busy Fall Real Estate market, now is the time to prepare. We are here to assist you with your needs. We have been selling Real Estate in Durham & Toronto for 28 years. We are Fulltime professional Realtors. We will be happy to sassist you in preparing yopur home, establishing a market price & discussing our successful marketing plan. Call Bonnie & Paul Jones 416-578-9622. [read more]

Did you know that when you are ready to purchase a property you will hear the word insurance, over and over again.  Mortgage Insurance, Life Insurance, House Insurance Who do you know that has no idea why they have to pay for mortgage insurance, when they’re buying a property with less than a 20% down payment. The reason buyers pay mortgage insurance is to protect the lenders money.  Yes that’s right, buyers pay to insure the lenders money.  If the Buyer,... [read more]

Principal Residence Exemption For the 70% of Canadians who own a home, it is a place to live, raise a family, and connects them to their community. Due to Canada’s tax system’s Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed. This tax break matters to Canadian homeowners. Collectively, we have about $3 trillion in home equity and our homes are often our largest financial asset. However, starting... [read more]