Did you know that there are Buyers out there in the Real Estate market today, who think that if they buy a house from a “for sale by owner” that they will save money. Most “For Sale By Owners”, decide on the value of their home by figuring out what they “need” to get out of it.   As we all know the value of a house is not based on what the Seller “needs” to get out of it, but rather by what other, similar houses in the area have... [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]

Open House Questions Some Buyers Forget to Ask at an Open House. it’s not unusual to forget to ask important questions about the property. Here are some of the most common: • How old is the roof? • How old is the furnace, air conditioner and other HVAC equipment? • How does the price compare to similar properties in the neighbourhood? (You don’t want to make an offer that’s too high.) • What are the characteristics of the neighbourhood?... [read more]

PICKERING — Pickering is working on ways to protect the city's established neighbourhoods, and is starting with an immediate restriction on the height of houses being built in the Rosebank, West Shore and Bay Ridges neighbourhoods. Pickering’s planning and development committee implemented a nine-metre height restriction for homes going up in these neighbourhoods. The bylaw amendment was passed at the March 5 committee meeting, and will come to council on March 12. Click... [read more]

Some encouraging stats regarding market activity from Sutton Group Heritage Realty.   Feb 1-21 we had 991 showings, company wide, 37 houses sold, and average days on market 29.62. Mar 1-21 we had 1310 showings, company wide, 170 homes sold and average days on the market 20.34.   The Buyers are out there and the Sellers need to get their properties on the market sooner than later. Call or email us, lets chat about our Power Marketing Plan, THAT WORKS!!   [read more]