Tyler Tim Realtor

  This article is called Thinking about Investing in a Rental Property . It was posted by Dustin Graham and appeared on The Canadian Real Estate Wealth website. It was published on March 12, 2015. There is more to renting a property than meet the eye. There are things to consider when making your and your tenant’s life easier.   Upgraded units go on higher rent and will have more attention from tenants. The keys thing is to always keep the unit up-to-date and clean. Offer your help with the upgrade and the maintenance of the house. Always be available to your tenant with all the property needs. Show your appreciation towards the tenants and keep a healthy relationship. Make sure you know all your rights and legal obligations towards your property and the tenant. By doing these things, you are making your reputation as a property investor and won’t have difficulties finding tenants in the future.   Reference: Graham, D. (2015). Thinking about investing in a rental pr

  This article is called Condo buyers, in ‘enormous shift,’ saying no thanks to parking . It was posted by Alexandra Posadzki and appeared on The Star website. It was published on March 19, 2015. This article discusses about why condo buyers are not looking to buy parking spots that much anymore especially in the downtown Toronto areas. It is due to easy access to transit services, share car services and walkability to areas they have to go to. Therefore, condo owners that have pre-construction condos are planning to apply to the city to have the building’s parking requirement reduced.   Reference:   Posadzki, A. (2015). Condo buyersm in 'enormous shift' saying no thanks to parking . Retrieved from The Star: http://www.thestar.com/business/real_estate/2015/03/16/condo-buyers-in-enormous-shift-saying-no-thanks-to-parking.html  

  This article is called BMO cuts one 5-year mortgage rate amid falling outlook for home sales. It was posted by Madhavi Acharya-Tom Yew and appeared on The Star website. It was published on March 17, 2015. This article discusses about how BMO reduce their five-year mortgage rate from 2.99 per cent to 2.79 per cent due to fear of slow down in real estate and rising household debt. Many other Canadian banks have matched BMO’s reduce mortgage rate also. Five year mortgage rates are one of the most common ways customers can finance the buying of a new home. During spring time, banks are in competition because buyers and sellers tend to be more active.   Reference:   Yew, M.-A.-T. (2015). BMO cuts one 5-year mortgage rate amid falling outlook for home sales . Retrieved from The Star: http://www.thestar.com/business/real_estate/2015/03/17/bank-of-montreal-cuts-one-5-year-mortgage-rate-effective-now.html  

    This article is called Average price of Toronto detached home shoots past $1 million. It was posted by Susan Pigg and appeared on The Star website. It was published on March 4, 2015. This article discusses about how the average price of Toronto homes are up to $1 million and it’s the first time in the city’s history according to the Toronto real estate board. In February, the average sale price in the city was at $1,040,018 which established an 8.9 per cent increase at around the same time last year according to the real estate board. The cause of the average price of a Toronto house to rise up is due to the lack of inventory for single-family homes.   Reference:   Pigg, S. (2015). Average price of Toronto detached home shoots past $1 million . Retrieved from Thestar: http://www.thestar.com/business/real_estate/2015/03/04/average-price-of-toronto-detached-home-shoots-past-1-million.html# 

  This article is called Spring real estate market heats up in Toronto, Vancouver: realtors. It was posted by Alexandra Posadzki and appeared on the CTV News website. It was published on March 10, 2015. This article discusses about an expectation that the spring real estate market will be hot in both cities this year. In Toronto, with the extreme cold temperatures you would think that the sales would be cooling down but instead the demand of homes continues to increase. There was a high competition between buyers due to active home listing that had dropped at the end of February by 8.7 per cent from a year ago. In February, Toronto home sales grew 11 per cent from a year ago. While in Vancouver sales were up 21 per cent in February compared to last year. In both cities the average price of a detached house is over $1 million. Also, the real estate markets will start to cool down once the interest rates begin to rise.   Reference:   Posadzki, A. (2015). Spring real