Have you considered where in Toronto you could live?
Are you where you want to be now?
Do you have everything you need?
Have you prepared and planned for the future?
Average People have Dreams and Hopes; Confidant people have Goals and Plans.
Let me help you get there.
My number is .
So there's my number Call me Maybe
Saturday, August 18, 2012
Thursday, August 16, 2012
Toronto Condo Owners STOP paying Maintenance Fees
Have they done something to raise your maintenance fees?
How can they impose those kinds of rules?
Can you withhold your maintenance fees as a protest?
Can owners withhold their common expenses if they are engaged in litigation with the Corporation? In a recent case, Carleton Condominium Corporation No. 396 v. Burdet, the Court of Appeal confirmed that common expenses are payable, even if there is on-going litigation relating to the validity of common expenses. A group of owners and the Corporation had been engaged in a protracted dispute since 2000 relating to voting rights and financial matters. In 2009 the Corporation filed liens against the owners' units and subsequently commenced power of sale proceedings.In response, the owners paid $104,185 to the solicitors for the Corporation, to be held in trust pending the resolution of issues in court proceedings. Thereafter the group of owners ceased paying common expenses altogether.The trial judge had ordered that the amount held by the Corporation’s solicitors in trust be paid to the Corporation to be applied to common expense arrears and the group of owners was required to pay condo fees going forward. The owners appealed on the basis that as the Corporation owed money to the owners they had a right of set-off. The Court of Appeal rejected the owners’ position on the basis that section 84(3) of the Condominium Act was clear that common expenses must be paid regardless of any other claims between the parties. The Corporation was also awarded costs in the amount of $30,000.Considering that litigation can be a very slow and long drawn-out process, condominium corporations will be relieved to know that common expenses are payable when due regardless of any set-off claims made by owners.
Thank you to Heenan and Blaikie and on behalf of Condo Reporter [dlash@heenan.ca]
I am always amused to hear how the residents are going to rally together to teach the Condominium Board a lesson. The Condo Board acts at your direction; You elected them. They report to you annually. They probably have a mid term report / Meeting and quite often I assume a printed and emailed newsletter. There is mechanism for you to remove them for a valid reason. Those are called Requisition Meetings.
When you purchased a condominium you agreed to abide by the Rules and Regulations of living in that community.
What do you think? Should you be allowed to with hold money?
\Add your comments....
Wednesday, July 11, 2012
Where else but IN a Phone Booth?
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Tel-talk is an on-going project that brings together artists of varying backgrounds, from across the country, to perform in and or animate a telephone booth in response to themes surrounding public spaces, and the disappearance of traditional phone booths.
Monday, June 25, 2012
Use Equity When Divorcing
How You can Access more equity when divorcing!
Hi, I’m Nathalie Ng. I'm the Money Chick- A mortgage agent who is licensed 2 give unbiased advice on your mortgage.
Can you help clients who are single, separated, single parents & divorced?
Yes I do and it is a special niche as I deal with lenders who are in this market segment.
What can clients do when they are divorcing? I know of many women who are looking to buy their own property now. Can they start all over again & buy another property?
Definitely... With the increasing # of divorces, many of them want 2live separately. However, due to the economic circumstances, some stay together in order to keep the house Others, rent after divorce. Both of
which are not good as in the 1st case, they are unhappy living together and the 2nd, it is financially not
advisable to rent.
In the traditional way, when a couple is divorcing, their lawyer is splitting all their assets. There could
be times when the couple decides to sell the house and live separately. So what happens then?
What happens is each party ends up with a smaller equity thus, resulting from not being able to buy another
property. As you may also know, utilizing a mortgage to Refinance & free up equity can definitely be a great
tool when paying out joint matrimonial liabilities, as well as providing a cash settlement. Recent changes in mortgage financing however have now capped accessing home equity to 85% of the property’s value. But I have good news! There are cases where I have been able to assist divorcing couples & their lawyers in
negotiating separation agreements. Essentially, the clients are allowed to free up to 95% of the equity in a
property specifically for marital splits. That is a huge difference from 85% which is the norm.
So let`s say, for a house valued at $400,000, how much equity they can get?
With traditional lenders, they can only have access to 85%, which = $340,000 in this case. This could be
used to pay off one spouse, debts & settlement. Now compare this vs accessing 95% of the value of the
house.
For the same house of $400,000, now they can access $380,000 of equity. This is an extra $40,000. That
$40,000 can itself contribute towards a bigger down payment towards a new house. All this is at very good
mortgage rates. Divorcees and single parents should really think of owning again rather than renting.
That is the smarter way…Thank you Nathalie. How can we get hold of you?
Nathalie can be reached at 416-629-1818
Monday, June 18, 2012
Paying for the Staging
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| Photo Credit LastDetail.ca |
"See! This is how it could be if you lived here."
So on the average sale of $650,000 in competition you might add on $50 - $75,000.
That is a lot of lipstick and paint that you can buy later.
Rather than mortgaging furniture and pillows that were rented;
- Lets look for a property that has been on the market a little longer.
- Suffers from Divorce or Financial Stress
- Visible deferred Maintenance Issues
- Mom or Dad has been moved out and it needs a facelift.
- Needs a bathroom or Kitchen remodel.
- You will be painting anyways
- You will find neglected and masked repairs.
- You will be making renovations.
Lets put your money to better use. Buying you, your Dream Home within your budget and where you can have the mortgage paid off sooner.
That's what its really about.. Not conspiring to cost your more.
Ready to get started? Call me...
Monday, May 14, 2012
Can you demonstrate your value?
How will you demonstrate your value proposition?
With the competitive nature of the Toronto real estate market, when Buyers or Sellers ask what you can do.... How would you respond?
Add your comments
With the competitive nature of the Toronto real estate market, when Buyers or Sellers ask what you can do.... How would you respond?
Add your comments
Tuesday, April 17, 2012
What do you expect for $299? Toronto MLS
Are you getting the same services when you compare?
Introductory Meeting-1 to 2 hours (minimum $200)
Professional Appraisal Completion- 3 to 5 hours (minimum $400)
Listing Presentation-1 to 2 hours (minimum $200)
Professional Staging and Pre-List Preparation-1 to 3 hours (minimum $200)
Listing Data Verification and Signing-1 hour (minimum $100)
Listing Copy Writing and MLS uploading-2 to 3 hours (minimum $300 includes the mls processing fee)
Professional Listing Photography with Copyrights attached-1 hour(minimum $100)
Professional Photography Editing-1 to 2 hours (minimum $100)
Professional Feature Sheet Composition-1 to 2 hours (minimum $150)
Feature Sheet Production- one set of 25 (minimum $100)
Sign Placement- includes board and frame and disposable corner markers (minimum $50)
Professional Virtual Tour Production- 2 hours (minimum $200)
Website Upload- 2 hours (minimum $200)
Professional Agent Open House- 3 hours (minimum $300)
Professional Public Open House-4 hours (minimum $400)
Professional Offer Negotiations- 4 hours ( minimum $400)
Conditional Follow Ups- 2 hours (minimum $200)
Lawyer and Closing Follow Up-2 hours (minimum $200)
Additional incured upon each Offer Presentation= $800
Brokerage or Brand Open House- 3 hours (minimum $300)
Follow Up and Leads- 2 hours per week (minimum $200 per week)
Additional Public Open House- 4 hours (minimum $400 per Open House)
Advertisments in print- (Canadian average $300 per ad per week)
Magazine Advertising (varies with property value and reach of magazine)
Please note the above billing rate is only $100/hr. This rate is all inclusive covering non-variable hard operating expenses (about $60,000 per year) spread over a 2000 hrs per year allocation and labour.
An interesting conundrum....
Tuesday, April 10, 2012
Wish I could pay off my debt faster
You go to sleep at night and you toss and turn in your bed thinking about all the debt that you are in with no money to pay for it and no one to borrow from.
The next morning you realize you need to get help to manage your debt because it has become way out of hand. Now your health is in jeopardy and you can not afford to take time off.
What do you do?
You look for a credit counselor, such as Veronica Thompson; someone that you feel comfortable with. Someone who cares and shows you the process to get back to where you started; back to having good credit and manageable debt as well as a good night's sleep. Zzzzzzz zzzz.
If you are like some individuals who are making the difficult decision of taking equity out of their home to consolidate their debts, then give me a call and let me help you through the process of selecting the highest rate loans to refinance into a lower interest rate. You can register on my website and receive weekly mortgage rates to your email address.
You don’t have to wait any longer, seek advice from a credit counselor just like you would ask for advice from a lawyer for legal matters or an accountant for tax issues. It can’t hurt you; only help you. Besides two heads work better than one.
So give Veronica Thompson a call at 416-410-1150 or send an email at the address below and let's get started today. Veronica Thompson a licensed Mortgage Agent and ready to help you make an informed decision.
Veronica Thompson, Mortgage Agent Mortgage
Email: vthompson@mortgagealliance.com
Tuesday, March 20, 2012
Seriously? Interest Rate Increase?
We are expecting a significant mortgage rate increase in the next week. It is extremely important that you act on this now!
Spreads on our bond yields which we use to set interest rates for all lenders are under water now.
Today the largest courier company Ups purchased a large courier company in Denmark, to make it the largest company in North America
When we see the logistics companies and courier companies grow as in in this example that is a tell tale sign that the economy is improving.
http://www.businessweek.com/news/2012-03-18/ups-said-to-reach-deal-to-buy-tnt-express
This is contrary to what the economist for CMHC indicated in late 2010 which was a freeze on interest rates over the next 14 months. This prediction was done prior to the fact that Interest rates kept dropping to the levels that exist now, along with many signs of an improving economy.
Mortgage trends is an excellent link as the brokers here many who work for the RBC Alternate Mortgage Lending side tell the true picture. Check out what they say
http://www.canadianmortgagetrends.com/canadian_mortgage_trends/interest_rate_direction/
We saw BMO launch a 5 years rate at 2.99% in January only to find out as a strip down mortgage it lacked many of the features of a mortgage. They pulled it and then tired to re launch it but by then everyone knew what they were selling. I sent you all a marketing piece on the comparison of RBC offering with all the bells and whistles in our Homeline Plan as a comparison to this. One bank is already to pull their rate offering this week.
Many of my clients started thinking shorter term 1-3 years up until this weekend when there was a mass frenzy of information traded between all of the big 5 banks on the tightening of bond yields and already a few have called back today and adjusted from a shorter term to the 4 year rate offering at 2.99% RBC Homeline.
What does this all mean?
You have a window of opportunity to help me rate commit as many clients as we can before the rates go up and save your clients 1000's of dollars .
We can hold this rate for 120 days. On a 250,000 mortgage if the rate is now 2.99% and later goes to 3.29% that is a payment swing of almost $40 a month or 2400 over 5 years and that would be the largest single increase in 4-5 yr rates in over 2 years!
I am attaching application forms for any of you who want to pro active ad have your clients complete these and also authorize a credit check 524 pdf form with RBC.
With out these two items I cannot protect your clients when rates rise before the end of the month.
RBC will continue to deliver advice you and your clients can bank on!
Lets all take advantage of this to book our clients at this excellent offering and grow your pipeline for Spring!!! Once the 2.99% offering is gone its gone!
David Pylyp Great Advice from Lindsay Doke RBC Are you booking the rate? If you are active in the Toronto Real Estate market you should reach out and reserve your interest rate. Call me
Monday, February 27, 2012
Linking Boomers in Toronto
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Saturday, February 18, 2012
RE/MAX agents connect on Pinterest
I invite those outside of Toronto/ Mississauga to reach out and create or join their own Pinterest Group for referrals.
Looking for RE/MAX agents that would like to join a referral working group on Pinterest
http://pinterest.com/davidpylyp/re-max-referral-board/
David Pylyp Toronto and Mississsauga 647 218 2414
Thursday, February 9, 2012
Our Vacancy Rate is 1%
With all the talk about Toronto Condo Bubbles, Housing Bubbles and all the informed conversations online about HOW the Real Estate and condo market in TO will collapse this year; I offer this simple answer.
Toronto has a vacancy factor of less than 1% Yes 1%
This article from Forbes magazine posts in very graphic fashion the vacancy factors in major US cities that have exceeded 14% and actually have broken the figures down separately for homes for sale. This is further impacted by the homes repossessed under foreclosure but not yet released for sale by the bank.
It was during my conversation with Tamara Dorris, a Sacramento Real Estate personality, a guest appearance on her BLOG TALK radio show that some misconceptions came to light.
Power of Sale properties in Toronto are actually far and few between; any new construction crane that you see is prepaid by 15% on each unit and a sales rate of 75 to 80% before they even start digging the foundation. Investors, business and First time buyers are buying because they can rent with a (1% vacancy factor) market rent averaging $1,500 for a one bed $2,000 for a two bedroom.
Toronto is in a Sellers market with a 32 day supply of homes. There is a lack of homes available for sale in the under 750 thousand range where most heeled couples are purchasing their first or second home. Toronto sold 90K homes in one year at an annual increase of about 5% in value.
This increase in value has continued unabated since 1995.
Could it stop Tomorrow - Sure.... Do I think it will... No. Why?
Toronto's average price increases have been 2 - 3% over the rate of inflation.
Toronto has and is becoming a Service Information Technology based business Center. Universities in Toronto are rated world class. Markham is the new home for many companies. Mississauga's growth and success has been the attracting Fortune 500 companies. Kitchener Waterloo is undergoing a revival in the inner city with the addition of Google and RIM Blackberry.
Come join us in Toronto!
You'll like it here!
Feel free to add your comments
Tuesday, January 10, 2012
Shadi Nasseri Toronto Condo Law Specialist
David Pylyp: I'm in Down Town Toronto with Shadi Nasseri. Whats special about your law firm?
Shadi Nasseri: Well, we specialize in real estate law, so I am a real estate lawyer, and I only do real estate transactions. That includes Purchase and Sale Agreements, as well as refinancing of Homes and Condominium units.
My office is located Downtown so its reachable by all the people who live or commute or work in the Toronto City Core; I do private mortgages, asset purchases, commercial transactions, lease agreements, anything related to real estate.
David Pylyp: How have you found the gender balance in your business?
Shadi Nasseri; Actually I have seen quite shift in recent months, in the last year or so, I've seen a lot of single women purchasing condos. and as a woman myself that makes me very proud, Its no longer that couples are buying homes together necessarily or men buying homes by themselves,
A lot of women are saving their money, and putting it into investing in the real estate market.
David Pylyp: How can people reach you Shadi?
Shadi Nasseri: You can reach me on my website MyTorontoRealEstateLawyer dot com
or they can call me at 416 400 6167
Thank you
Shadi Nasseri: Well, we specialize in real estate law, so I am a real estate lawyer, and I only do real estate transactions. That includes Purchase and Sale Agreements, as well as refinancing of Homes and Condominium units.
My office is located Downtown so its reachable by all the people who live or commute or work in the Toronto City Core; I do private mortgages, asset purchases, commercial transactions, lease agreements, anything related to real estate.
David Pylyp: How have you found the gender balance in your business?
Shadi Nasseri; Actually I have seen quite shift in recent months, in the last year or so, I've seen a lot of single women purchasing condos. and as a woman myself that makes me very proud, Its no longer that couples are buying homes together necessarily or men buying homes by themselves,
A lot of women are saving their money, and putting it into investing in the real estate market.
David Pylyp: How can people reach you Shadi?
Shadi Nasseri: You can reach me on my website MyTorontoRealEstateLawyer dot com
or they can call me at 416 400 6167
Thank you
Monday, January 2, 2012
How to ask for real estate referrals
Someone sitting across the table from you, They were recommended by a friend, Lets say that they are selling you life insurance, They are trying to sell you a car, or they are a real estate agent. And they are trying to sell to you but they've been referred.
The minute that they've been referred the door opens and therefore there is a comfort level. I want you to look at this.
Are you doing your best to get referrals?
Number 1: dealing with people and I'm not just talking about your sellers, or your buyers. How about the lawyers that your dealing with? Here's a mistake that real estate agents make today,
You're not going out to visit the people that are important to you.
I'll give you an example.
Faxing In, Sending electronically. All your Agreements of Purchase and Sale.
The minute that they've been referred the door opens and therefore there is a comfort level. I want you to look at this.
Are you doing your best to get referrals?
Number 1: dealing with people and I'm not just talking about your sellers, or your buyers. How about the lawyers that your dealing with? Here's a mistake that real estate agents make today,
You're not going out to visit the people that are important to you.
I'll give you an example.
Faxing In, Sending electronically. All your Agreements of Purchase and Sale.
the girls are doing it....
You are loosing a chance for a contact. Especially in a larger law firm. Hand deliver one, give it to the lawyer and while you are there say "Is there anyone else here that is working in real estate?" In your firm? I'd like to meet them.
Let them take you by the hand and get past the keeper of the gate.
Its a door opening.
Ask for referrals wherever and all the time, because when you're sitting across the table
And someone has... You're there because Mr. Johnson or Mrs Johnson has said " this is my friend " and you're there, you can't beat that.
The door has opened for you.
Never stop asking for referrals and FIRE your courier
Start hand delivering things. Go out and make contacts again.You are loosing a chance for a contact. Especially in a larger law firm. Hand deliver one, give it to the lawyer and while you are there say "Is there anyone else here that is working in real estate?" In your firm? I'd like to meet them.
Let them take you by the hand and get past the keeper of the gate.
Its a door opening.
Ask for referrals wherever and all the time, because when you're sitting across the table
And someone has... You're there because Mr. Johnson or Mrs Johnson has said " this is my friend " and you're there, you can't beat that.
The door has opened for you.
Never stop asking for referrals and FIRE your courier
David Pylyp 647 218 2414
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