ADDITIONAL COSTS WHEN BUYING A HOME The purchase price of your home is only one of the costs you’ll encounter. Here are other possible costs you need to consider: Mortgage loan insurance: If you are putting less than 20 per cent of the house value down, you’re going to need mortgage loan insurance. Depending on...... Read More

THE MULTIPLE LISTING SERVICE® AND YOUR REALTOR® Like other professionals, a REALTOR® is as good as the information at his or her disposal. The Multiple Listing Service® is a co-operative system used by REALTOR® Members of Canada’s real estate boards. It is different than the consumer website www.REALTOR.ca, which offers a brief description of most...... Read More

BUYING & SELLING Condominium Assignment Basic Guidelines [pdf] Buying or selling a property is a major transaction that involve planning and preparation. These articles offer useful information on the process. THE MULTIPLE LISTING SERVICE® AND YOUR REALTOR® Like other professionals, a REALTOR® is as good as the information at his or her disposal. The Multiple Listing...... Read More

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How to Sell Lots and Land (and Why it’s Different from Selling Homes) Share this post: BY http://blog.lotnetwork.com/ Selling a house in a changing real estate market can be challenging. Selling dirt can be even more challenging…in any market.  In this article we provide tools for landowners and real estate professionals about how to sell lots...... Read More

Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 5,595 condominium apartment sales through TREB’s MLS® System during the fourth quarter of 2015. This result was up by 12.6 per cent compared to the same period in 2014. Powered by WPeMatico... Read More

Citizens’ Guide 2 – Official Plan PDF (514 KB) What is an official plan? An official plan describes your upper, lower or single–tier municipal council’s policies on how land in your community should be used. It is prepared with input from you and others in your community and helps to ensure that future planning and development...... Read More

Ontario Municipal Board ario Municipal Board  PDF (492 KB) What is the Ontario Municipal Board? The Ontario Municipal Board is an independent administrative tribunal responsible for hearing appeals and deciding on a variety of contentious municipal matters. The Ontario Municipal Board is similar to a court of law, but with less formality. Board members are...... Read More

Citizens’ Guide 3 – Zoning By-laws  PDF (377 KB) What is a zoning by-law A zoning by-law controls the use of land in your community. It states exactly: how land may be used where buildings and other structures can be located the types of buildings that are permitted and how they may be used the...... Read More

  Citizens’ Guide 1 – The Planning Act PDF (145K) What is the Planning Act The Planning Act sets out the ground rules for land use planning in Ontario and describes how land uses may be controlled, and who may control them. The Act is legislation passed by your elected provincial representatives to: promote sustainable economic development in...... Read More

  The Plan Review and Approval Process Citizens’ Guide 9 – The Plan Review and Approval Process  PDF, (145K) Who is the approval authority? Traditionally, the approval authority for land use planning has been the Minister of Municipal Affairs and Housing and, in some cases, a municipality. To support increased local autonomy in land use...... Read More

  Citizens’ Guide 4 – Subdivisions  PDF (333 KB) What is a subdivision? When you divide a piece of land into two or more parcels and offer one or more for sale, you are subdividing property, and the provisions of the Planning Act come into play. If your proposal involves creating only a lot or...... Read More

Land Severances Citizens’ Guide 5 – Land Severances  PDF (270 KB) What is a land severance? A land severance is the authorized separation of a piece of land to form a new lot or a new parcel of land. This is commonly known as a consent. It is required, if you want to sell, mortgage,...... Read More

8. Building Permits DOWNLOAD BELOW: s’ Guide 8 – Building Permits  PDF (130 KB) What is a building permit? The body responsible for enforcing Ontario’s Building Code in your area issues permits for the construction, renovation, demolition and certain changes of use of buildings, and for the installation, alteration, extension or repair of on-site sewage systems....... Read More

CANADA MORTGAGEAND HOUSING CORPORATION Your Financial Responsibility Make Your Mortgage Payments on Time You can make your mortgage payments monthly, biweekly or weekly. But, whichever timetable you’ve chosen, it’s important to always make payments on time. Making late payments is called delinquency. Delinquency may result in late charges and negatively affect your credit rating. Failing...... Read More

CANADA MORTGAGEAND HOUSING CORPORATION Starting Your Search Here are some ways to begin looking for your new home: Word-of-mouth Tell everyone you know that you are looking for a new home. Surprising things sometimes happen. For example, you might hear about a home that is just becoming available on the market. Newspapers and real estate...... Read More

Step 3: Which Home is Right for You? Once you have a good idea about your finances, you’ll need to think clearly about the home you’d like to buy. You need to think about your current and future housing needs and what characteristics are important to you in a home. our Needs — Now and...... Read More

Step 2: Are You Financially Ready? This step guides you through some simple calculations to figure out your current financial situation, and the maximum home price that you should consider. How can you know if you are financially ready to become a homeowner? This step guides you through some simple calculations to figure out your...... Read More

BY:CANADA MORTGAGEAND HOUSING CORPORATION Step 1: Is Home-ownership Right for You? Buying a home is one of the biggest emotional and financial decisions you’ll ever make. Prepare by learning about the process of home buying and the responsibilities of home-ownership.Before moving forward, though, here are some questions to consider. Do you have the necessary financial...... Read More

Real estate board predicts ‘ TAMSIN MCMAHON – REAL ESTATE REPORTER The Globe and Mail Published Monday, Jan. 18, 2016 9:46AM EST Last updated Monday, Jan. 18, 2016 6:29PM EST New federal mortgage rules are creating a “policy ceiling” that will curb Toronto’s soaring house prices this year, measures that would be partly offset by...... Read More

  Two new forecasts out Wednesday suggest the Canadian housing market may still have a little more room to grow but the pace of price increases will slow in 2016. Fitch Ratings suggests prices across the country will grow by 2.5 per cent this year but the ratings agency also is concerned about downside risk...... Read More

Should investors have cause for worry in TORONTO   By Justin da Rosa 15 Jan 2016  Condo rentals have been booming in Toronto, especially in 2015 but that doesn’t mean investors don’t have cause to be sceptical of the future of that market, according to one industry professional. “I don’t know if the trend will continue,...... Read More

    Two new forecasts out Wednesday suggest the Canadian housing market may still have a little more room to grow but the pace of price increases will slow in 2016. Fitch Ratings suggests prices across the country will grow by 2.5 per cent this year but the ratings agency also is concerned about downside...... Read More

PLAZA FOR SALE  IN RICHMOND HILL ONTARIO APPROVED TO DEVELOP HIGH-RISES, CLICK HERE TO CONTACT RON NAMEN FOR MORE DETAILS Description: PLAZA IN THE HEART OF RICHMOND HILL , FOR DEVELOPMENT ,PLEASE CALL FOR MORE INFORNATION Price: $32,000,000.00 List Price Code: For Sale Zoning: Commercial| Residential Type: Commercial/Retail Land Size: 3acrs Total Area: 3 ACRES...... Read More

A structure occupies a certain portion or percentage of the land parcel on which it sits. This percentage or ratio of the size of the building to the land on which it resides is called the “land to building ratio.” To arrive at the land to building ratio, just divide the square footage of the...... Read More

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