April Changes for Toronto Real Estate

 Interest Rate Increases... Federal

Vacant Home Tax... Municipal

Increased Foreign Buyer Tax.... Ontario

Speculation and Capital Gain Tax>>> Budget April 7

In Rode the four horsemen of Reccession...

#Toronto #realestate

SellinginToronto.ca

As values drop will buyers jump in?

647 218 2414

1910 Lake Shore Blvd W Park Lake Residences

 

W5524669 March 22, 2022

Unobstructed Views of Lake Ontario

Its waiting for you now...

#Toronto #waterfront #sunnyside

DM or call 647 218 2414

Park Lake Residences 1107 West

 

1910 Lake Shore Blvd West Suite 1107

This has been on the market for one week and remains the best waterfront value that I am aware of just east of the Humber River Bridge.

Incredible PANA views of Downtown Toronto and unobstructed views of Lake Ontario.  Sun drenched Bright 2 bedroom 2 bathroom Suite with One Parking spot.

Call or TXT David Pylyp  647 218 2414 

Your Toronto Matterport Service Provider

 Breaking

Just realised that I needed to update the SECURE site Certificate at 

https://DigitalImagingToronto.com 

Strange to think I have had this Matterport Technology  since  2008. 

This is a Rental Listing that is commencing August 8th 2021, and has already garned 94 views from the social media "Coming Soon" spots.

I do this with all my listings.

If you would like to talk either ping me at https://www.digitalimagingtoronto.com/contact-us.html

Or you can book a conversation time thru http://Calendly.com/davidpylyp

8.7.2021

Finally 2021 Good News for Real Estate Buyers

65% of homes are under contract within 2 weeks.

That’s the fastest pace on record. (source TRREB) 

In our local market, 1 out of every 2 homes is under contract in less than 8 days

When you factor in historically low mortgage rates and increased buyer demand, you end up with an incredibly competitive market for buyers.

So what’s the good news?

Mortgage applications have declined for 6 consecutive weeks. (source Lindsay Doke Mountainview Mortgage Brokers).

It’s hard to say for certain but this could be an indicator that we’ve reached peak demand. If demand decreases because of rising rates and we see a surge in new listings hitting the market like we typically do in the spring, this will create new opportunities to find that perfect home. 

As always, I want to make sure that you’re in the know about all the important trends happening in our local market.

Sincerely, 

David Pylyp

p.s. If you’re serious about buying a home this year, let’s connect. Text me at 647.218.2414 and we can set up a time to develop a winning strategy for you this year. 

Including a Buyer's Letter

SO many want to include a letter about their family and why they love your house so much;  Why would it be perfect for their family to next occupy your house,  Does it matter?

Should you include a Buyers Letter ?

Tony Iacoviello poses a perfect Q and A! 

The "Buyer Letter"

Along with some offers the Buyer's Agent will include a letter from the potential Buyer(s) usually with an 

accompanying photo to plead their case and demonstrate why they should be the one to buy your client's home.

The letter reveals or implies several pieces of information that fall under protected classes as per either the Canadian Charter of Rights and Freedoms or the Ontario Human Rights Act, including age, marital/family status, implied gender and sexual orientation, ethnicity, among others.

Question:

If the Seller(s) use any or all of that information to make their decision about which offer to accept they could be accused of discriminatory practices (so far as I understand). As their Representative what are my obligations, if any, to them once I receive a Buyer Letter?

Am I somewhat justified in counselling them to ignore the Letter and focus solely on the details of the APS submitted?

/R and occasionally /cute

My Response ~  Ignore the Letter;  Enjoy and share the tin of Cookies / Muffins

I market houses....   Call me 

http://Calendly.com/davidpylyp

SellinginToronto.ca

Lets have the kids on as Joint Tenants so we save Probate fees

Real Stories from real people needing real solutions.

The concept is simple;  Someone somewhere over the fence said,  just add the kids to the title on the property, then when you pass the house automatically goes to them.  The Joint Tenancy will by pass all the requirements of Probate.

You probably waited until you were 75 + years old and are now alone in the house.....

THEM: Usually married with a home of their own.  But they could be in the throws of a divorce ( the joint tenancy become a bargaining chip) and OWNING A SECOND property, then selling will trigger CAPITAL GAINS TAX.

The Lawyer who created this was unaware of the TAX implications they would create for this family.  [They] did not recommend (ILA) independent legal advice nor offer waivers. The FAMILY did not seek tax planning advice. 

How much time has passed between the Signing of Joint Tenancy and disposition of Assets?  Does someone must ascertain the Mental Capacity of the SIGNATOR. [MOM]

Now we added the SENIORS HOME; Covid Lockdown and a POWER of Attorney.

MOM was moved to the Home, the house was placed for sale under the POWER of Attorney DOCS and everything then came to light.

I hope this passes thru with the Lawyers Blessings and proper disclosures.

These are real stories that need a MATURE and Experienced Guiding Hand. 

I am pleased that I have invested in additional training with the ASA, Accredited Senior Agent and  AEA Accredited Elite Advocate Programs, that permit me to see the pitfalls that could occur and bring them to light.  There are solutions and people to provide SAGE advice.  http://SellinginToronto.ca 

I hope we can meet and discuss your situation. 

http://Calendly.com/DavidPylyp