Blog by Carol Lome, Broker

Merry Christmas

December 19th, 2008

I'd like to wish everybody a very Merry Christmas and a Happy Holiday Season.  I look forward to speaking with you in the New Year.



Toronto Market Offers Unique Opportunities for Home Buyers

December 19th, 2008

Here is some information about some current Unique Opportunities for Toronto Home Buyers from Canada Realty News.

The news is filled with headlines about the state of today’s housing market south of the border—"Foreclosure sales are up.” “Real estate prices are down.” “Borrowers are defaulting on sub-prime loans.” It’s easy to be confused and uncertain about whether now is a good time ...

House prices slip 10 per cent across Canada in November; sales fall 42 per cent

December 17th, 2008
VANCOUVER, B.C. - House prices across Canada fell nearly 10 per cent and sales slipped 42 per cent in November compared with the same month last year, a drop the Canadian Real Estate Association says it hasn't seen since the last housing recession nearly two decades ago.

"What struck me, with the exception of a couple of markets, is that there has been a very sharp decline in sales activi ...

10 Tips for First Time Buyers

December 15th, 2008

I have just added a new, and informative page to my website called "First Time Buyers". Please check it out, as I will be updating it as I meet more first time buyers and hear their questions, problems etc. See my tips below!

  • Be definitive about buying
  • Get qualified for a mortgage. It is extremely vital that you know exactly what you can qualify to buy and what you're comfortable ...

Toronto Land Transfer Tax Costs City's Economy $170 million

December 15th, 2008

Supported by a study on the impact of the Toronto Land Transfer Tax, recently authored by the C.D. Howe Institute and two University of Toronto Economics Professors, Greater Toronto REALTORS® are renewing calls for this tax to be rolled back. See complete study "The housing sector is one of the most significant parts of Toronto's economy," said Maureen O'Neill,
President of the Toronto Rea ...

Tax assessments to rise in 2009

December 15th, 2008

To all residents in the Rosedale, Lawrence Park, Summerhill, Moore Park, Lytton Park, Chaplin and Rathnelly areas, here is some interesting information regarding your Toronto Tax Assessments from the Ontario Real Estate Association.

Ontario residential property taxpayers will see an average assessment increase of five per cent in 2009, the first year of a four-year phase-in plan. ...

Over 3,600 Sales In November

December 15th, 2008

Here is the latest Toronto Real Estate news from Market Watch.

TREB Members recorded 3,640 sales in November 2008 from the 7,313 sales recorded during the same period last year in the GTA, TREB President Maureen O'Neill announced today.

The average GTA price in November 2008 was $368,582. During the same period last year, the TorontoMLS system recorded an average of $393,747, and ...

Advantages of Buying and Owning a Condominium

December 15th, 2008

Here is some interesting information about the advantages of buying and owning a Toronto Condo from Canada Realty News.

Condos have become an increasingly attractive home ownership option for many people. Whether you're a young couple looking for affordable housing, or a retired couple wanting to downsize because their kids have moved out, there is likely a condo for sale to fit your ...