Archives for May 2007

The Difference Between a Condo, Co-op & a Co-ownership

In a condo building units are separate properties with their own deed that can be bought and sold. With a co-op the building is owned by a corporation. Units are rented from the corporation and the” owners” are the shareholders in the corporation and elect it’s board of directors. In a co-ownership, title to the […]

April 30th Is a Record Breaking Day For Real Estate Sales In Toronto

May 4, 2007 — With 581 sales reported on April 30, the highest single day total ever documented, April’s total transactions reached an astounding 9,452, the best single-month total ever recorded. The Greater Toronto Area’s resale housing market has showed sustained strength and these phenomenal numbers bode well for the remainder of this year’s spring […]

High Ratio Mortgage Insurance Requirement Reduced

May 4, 2007 — A federal law that lowers the level at which mortgage insurance is required came into effect last month and bankers say the change could save homebuyers $2,000 or more. For the last 40 years, homebuyers have been required to buy mortgage insurance unless their down payment equaled at least 25 per […]

Real Estate Funnies

When a real estate agency had not sold our house, we decided to do it ourselves. I placed ads in the local papers; spray painted a “For Sale” message on a signboard, and posted it outside our house.When my husband came home that evening, he told me, laughing, that my sign was the most truthful […]

Canada’s Most Expensive Margarita

Here’s something to toast your tax refund with. So you don’t have to fly to Vancouver to find it at West Vancouver’s Ocean Club and Whistler Mountain Club where it costs $75.00 we are giving you the recipe here for the Gran Margarita. – 1/2 a lime and fleur de sel for rimmin glass– 1 […]