If You Bought a House That’s Haunted, What Can You Do?

Great article in www.TheStar.com

Not many of us would hire a psychic or medium to accompany a home inspector if we were considering an offer to buy a house. Is that mould behind the wall, or goo from a goblin?

But if those sorts of issues matter to you, whether for matters of religion or superstition, the best way to protect yourself is to put it in writing before you sign any real estate deal.

Here’s why:

Helen Ackley claimed that her home in the town of Nyack, New York, was haunted. For a decade between 1977 and 1987 she was in the news off and on, describing paranormal incidents in her house including such things as the bed being shaken each morning by a poltergeist. Her notoriety was such that Reader’s Digest paid her $3,000 for an article “Our Haunted House on the Hudson” which was published in May, 1977.

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Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

How I Reduced My Property Taxes by $700

Great article in www.TheStar.com

Homeowners who feel the assessed value of their property assessment is too high should appeal. I did and have saved myself $15 a month in a process that took some time, but wasn’t overly complicated.

 In August, I bought my first house, a beautifully renovated three-bedroom bungalow in Scarborough which cost $425,000. I loved everything about it, except the property taxes which came in at more than $3,000 a year. In October when I received my property assessment notice I discovered the assessment and my taxes were going up. The assessed value was $65,000 higher than my purchase price.

 My father’s two-storey century house in the Beach area had only been assessed at $100,000 more. It didn’t seem fair, so I decided to appeal.

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Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

Reasons to Love Toronto 2013

Great article in www.TorontoLife.com

When the news came that Toronto had breezed past Chicago in population count, adding another 38,000 people in a single year and becoming the fourth-largest city in North America, we weren’t surprised—the evidence was all around. The time when Toronto was solely distinguished by its citizens’ polite reserve and, paradoxically, the show-offy height of its telecommunications tower, is ancient history. We still have the CN Tower, but now it’s the pinnacle of a busy metropolis that’s given birth to a Toronto sound, a Toronto look, a Toronto cuisine, a Toronto brand of erotic literature and a Toronto team with a real shot at the World Series. Our fifth annual love letter to Toronto, are ample proof of a city ascendant.

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Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

$1.1 Billion Neighbourhood Planned for Toronto’s Easterly Waterfront

Great article in www.TheStar.com

It may sound crazy — or at least contrarian — in the midst of a softening condo market, but U.S. development giant Hines and Canada’s biggest condo builder, Tridel, are about to launch the first phase of a $1.1 billion new community on Toronto’s easterly waterfront.

“We’re bullish on Toronto,” says Hines’ managing director for Canada, Avi Tesciuba, who will unveil detailed plans for the 13-acre Bayside Toronto site Wednesday.

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Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

Market Conditions Promote Price Growth in April

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Greater Toronto Realtors reported 9,811 sales through the MLS in April 2013. The number of transactions represented a 2.0% decrease compared to April 2012.

The number of new listings reported in April was up by 10.9% compared to the same period in 2012.

“Despite the headwinds we have experienced in the housing market this year, April sales came in quite strong in comparison to last year. As we move through the spring and the second half of 2013, the demand for home ownership should continue to firm-up relative to last year,” said Toronto Real Estate Board President Ann Hannah. “

“It has been almost a year since the federal government enacted stricter mortgage lending guidelines. It is realistic to surmise that some households, who originally put their decision to purchase on hold, are once again looking to buy,” continued Ms. Hannah.

The average selling price continued to grow in April up by 2.0% from the same time last year to $526,335. Note, the average selling price for 2012 as a whole was up by almost 7% to $497,298!!

The condominium apartment segment in the City of Toronto was a key driver of price growth in April, with both the average selling price up on a year-over-year basis. The improved condo sales picture, with Toronto sales down by only 1.0% compared to last year, suggests that interest in condo ownership may be increasing said Jason Mercer, TREB’s Senior Manager of Market Analyses.

“We will undoubtedly experience some volatility in price growth for some market segments in 2013. However, months of inventory in the low-rise market segment will remain low resulting in average price growth above 3% for the TREB market area this year. Our current average price forecast is $515,000 for all homes combined in 2013,”said Jason Mercer, TEEB’s Senior Manager of Market Analyses.

Sales of Toronto (416 area code) condominium apartments decreased by 1.3% from April 2012. The average price of a Toronto condo increased by 5.6% from the same time last year.

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

Consumer Confidence in Toronto’s Condo Market Remains Healthy: BMO Survey

Great article in www.TheStar.com

Consumer confidence in Toronto’s condo market appears to be rebounding, with an increasing number of potential buyers saying they intend to buy a unit in the next five years, according to a BMO survey.

Some 31 per cent of prospective buyers say they hope to buy a condo by 2018, up 11 percentage points from the last survey of buyer intentions done by the public opinion firm Pollara for Bank of Montreal.

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Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca