No need to acknowledge old zombie debts after two years in Ontario. The statute of limitations is two years in Ontario. The consumers need to be aware of the scourge of indebtedness when taking on more debts and the requirements of their monthly debt payments. Canadians with old debts please beware. A momentary slip or lack of knowledge of your legal rights could results in past debts rising from the dead and coming back to haunt you. Zombie debt — old accounts that may have been written off as “uncollectable” and which have passed the statute of
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Category: Toronto Seller Posts Central Toronto Real Estate TREB Released November, 2019 Resale Market Figures
Central Toronto Real Estate TREB Released November, 2019 Resale Market Figures Toronto Real Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November, 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground-oriented home types, including detached houses, led the way. New listings entered into TREB’s MLS® System in November, 2019 and the active listings count at the end of the month went in the opposite direction compared to November
View Article...Category: Toronto Seller Posts Central Toronto Real Estate TREB Released October, 2019 Resale Market Figures
Central Toronto Real Estate TREB Released October, 2019 Resale Market Figures Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB’s MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, sales were up on a year-over-year basis for all major home types. “A strong regional economy obviously fuels population growth. All of these new households need a place to live and many have the goal of purchasing a home. The problem is that the supply of available listings
View Article...Category: Toronto Seller Posts Six ways the family finances will affect after Liberal election win
Six ways the personalp will affect after Liberal election win Lower taxes for majority earners, but not for high-earner The basic personal amount, which is what you can earn without paying taxes, will rise by close to $2,000 over the next four years to $15,000. The average family will ultimately save $600 from this tax cut, while high-earning families save nothing. You fully benefit from this measure if you make less than $150,605 and it gets eliminated entirely at $214,557. The overall level of tax relief from this measure sounds modest, A break for university and college
View Article...Category: Toronto Seller Posts Central Toronto Real Estate TREB Released September, 2019 Resale Market Figures
Central Toronto Real Estate TREB Released September, 2019 Resale Market Figures Toronto Real Estate Board published that Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22 per cent compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well-below the record September 2016 peak of more than 9,800 sales. On a preliminary seasonally adjusted basis, the September 2019 sales level remained in virtually the same as the August 2019 result. The supply of listings continued
View Article...Category: Toronto Seller Posts Vancouver’s Housing Market is Dismal – Still Out Of Reach For Household Incomes Of $120,000 Yearly
Vancouver’s Housing Market is Dismal – Still Out Of Reach For Household Incomes Of $120,000 Yearly The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month. Sales in April, 2019 were the lowest in 24 years for a month that typically kicks off the busy spring homebuying season. Benchmark prices are down 8.7 per cent from their peak in mid-2018 and the number of homes sitting on the market has ballooned by nearly half, according to the Real Estate Board of Greater Vancouver. Yet
View Article...Category: Toronto Seller Posts Central Toronto Real Estate TREB Released August, 2019 Resale Market Figures
Central Toronto Real Estate TREB Released August, 2019 Resale Market Figures Toronto Real Estate Board (TREB) President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,711 residential sales through TREB’s MLS® System in August, 2019. This result represented a 13.4 per cent increase compared to 6,797 sales reported in August, 2018. On a month-over-month basis, after preliminary seasonal adjustment, sales were up by 0.8 per cent. “GTA-wide sales were up on a year-over-year basis for all major market segments, with annual rates of sales growth strongest for low-rise home types including detached houses. This reflects the
View Article...Category: Toronto Seller Posts A Toronto Home Builds A Great Long Term Investment
A Toronto Home Builds A Great Long Term Investment Did you know 98% of homeowners continue to say that their most recent home purchase was for them to live in rather than as an investment to rent out? A home is the only investment you can live in while it grows in value. Please check out this handy infograph below to discover more key statistics surrounding home ownership. TREB created this infograph as a resource to give you a better understanding of how a home is a sound, long-term investment, not only for buyers, but
View Article...Category: Toronto Seller Posts Central Toronto Real Estate TREB Released July, 2019 Resale Market Figures
Central Toronto Real Estate TREB Released July, 2019 Resale Market Figures Toronto Real Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB’s MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment. New listings entered into TREB’s MLS® System in July 2019 were up by 3.7 per cent compared to July 2018 and by a much lesser annual rate than sales, With annual growth in sales far outstripping annual growth in new listings, market conditions
View Article...Category: Toronto Seller Posts Condo rents soften in downtown Toronto, Apartment vacancy rate is up
The number of newer rental apartments in the GTA that are empty and ready for new tenants is at its highest level since a leading real-estate consulting firm started keeping track in 2015. According to Urbanation’s survey of purpose-built apartments completed since 2005, the average vacancy rate rose from a low of 0.3 per cent in the second quarter of last year to 1.5 per cent in the second quarter of this year. The Toronto firm added that the “availability rate” — which includes vacant units as well as occupied units where the tenant has given
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