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Rebranding


We would like to announce that we changed our brand from Realtorshop to Parkhomenko Team. Website address has also been updated to www.parkhomenko.ca

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Richmond Hill Real Estate


When it comes to describing the Town of Richmond Hill, so much can be said and done. Through the examination of Richmond Hill Ontario, many qualities can be found within its roots and future, such as its diverse population, and consistent cleanliness. Including countless amounts of appreciated facilities such as; Numerous...

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The Beauty of Thornhill Real Estate


Geographical areas such as the Town of Thornhill can prove to be the ideal place to live. The town of Thornhill provides many commodities within its area, alongside sitting in the middle of Vaughn and Yonge Street, not to mention dead south of Richmond Hill. Set aside the fact Thornhill wonderful...

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Single, Semi Detached Homes in Aurora


As the market is on the rise, and only expected to increase substantially, this means Aurora is becoming even more of a hot spot. Through speculations real estate is pushing to expand North, effectively allowing prices to rise parallel to this growth. Giving the sellers even more in their favor. Overall which is why not only the citizens of Aurora...

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Effective Tips for Home-Buyer's and Seller in the Greater Toronto Area(GTA)


This compilation of tips in making your investment process smoother, allows buyers and sellers know what to expect. Moreover, enable you with preparation to take advantage of an up-market such as Real Estate in the GTA. As housing sales are on the rise, economists predict that we should be expecting a 4 - 5 % rise in property...

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Current State of Real Estate in GTA


Recurring warnings of an overheated market proved lack of impact to dissuade property buyers in Canada’s largest shown throughout 2013, with the number of Greater Toronto Areas home sales increased by 2% in comparison to the previous year. Whereas Calgary's market had reflected...

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More of the same for 2014. According to realtor and developer Brad Lamb


Baloney. That’s what Toronto-based broker/developer Brad Lamb says about the nattering out there saying that tapped-out borrowers will result in real estate price Armageddon. Canadians borrowing to invest in real estate are not over-leveraged, he maintains. Especially not the people he sees looking to buy condos in...

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Why 2013 has been a good year for GTA housing


Last December, many pundits were predicting a big housing slowdown in the GTA as an oversupply of condos in particular, rising interest rates and slowing demand put a dent in sales and prices.

My view was different. I expected the market to stay strong and prices to hold up — which is what has happened.

By the end of September,...

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Is this the start of a condo comeback in Toronto?


Toronto’s real estate market continues to confound the people trying to predict what it will do next, but there’s no doubt the market watchers who warned us about a long stretch of volatility have been spot on.

The rebound in sales in the first half of September was even more eye-popping than the jump in August.

The Toronto Real...

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Condo market remains healthy, new report shows


Canada’s condo market is not headed for a bust, although sales are expected to drop for 2013, according to a new report from mortgage insurer Genworth Canada and the Conference Board of Canada.

They suggests that population growth and employment gains will keep the condo market healthy enough to absorb the supply of...

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Condo's Market is unlikely to bust


Canada’s condo market is unlikely to bust — or boom — over the next few years says the Conference Board of Canada in a new report that looks at the hotly-debated market in eight major cities.

Population growth and improving employment are likely to contribute to continued demand for condos and ensure...

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Unsold condos in Toronto steadily rising, but Market strong


 

The percentage of unsold condominiums in Toronto’s housing market continues to rise but the market remains strong by historical standards, according to a new survey. Urbanation Inc., one of the leading research companies in the condo industry, said overall the Toronto census metropolitan area was 79% sold in the...

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China’s Housing Crackdown


China’s housing crackdown may drive cash to Canada’s condo market!

by Garry Marr, Financial Post Foreign buyers are trying to move their money to a safer spot for capital preservation. They are looking for hard assets and the condo sector has a track record of increasing prices. The bad news for China’s real estate...

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Investing vs Flipping


Building your Real Estate Portfolio

In the current market condition, people now more than ever want to take control to ensure that they have a secure future.

I believe that one of the best ways to guarantee your financial independence is by developing a real estate portfolio.

...

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Looking Up


Anyone pondering the current state of Toronto’s condo market may want to take note of the rip-roaring success of Tridel’s recently launched Ten York project.

The 65-storey glass tower — which will rise from a wedge-shaped site at York and Harbour Sts. — has been regarded as a bellwether, a development whose sales...

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Toronto condo boom backfiring on renters


Toronto renters have become unwitting victims of the condo boom. There may be a record number of new condo projects on the books, but rental demand is so high and projects are taking so long to build, the number of new investor-owned rental units ready for occupancy isn’t enough to fill the gap, according to condo market research firm...

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Toronto condo prices to jump


Toronto condo prices to jump in 2013!

A new condo report suggests first-time buyers, retirees and population growth will continue to fuel demand and price growth for the compact living spaces over the next few years.

The study by Genworth Canada found that average condo resale prices are expected to rise next year in seven of the...

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GTA home sales slide in July


Number of Transactions falls, but average selling price keeps on rising.

Home sales in the Toronto region slipped in July, down 1.5 per cent from a year earlier – but the slide seems minimal compared to Vancouver’s steep drop.

The Toronto Real Estate Board says 7,570 homes were sold in July in Greater Toronto, compared with 7,683 in...

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Ten York will link downtown with the waterfront


Ten York, the proposed 75-storey condo unveiled earlier this week by Tridel and Build Toronto, is poised to become one of the city’s most iconic new towers.

But the site on which it’s being built posed a serious challenge for architect Rudy Wallman. The property is wedged (it’s literally shaped like a triangle) ...

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Donald Trump - What bubble?


Donald Trump says he would make further real estate investments in Toronto, despite talk of a bubble in the city.

Official Ribbon Cutting Ceremony for the Trump International Hotel & Tower. Here's a shot of Donald Trump and Ivanka Trump arriving at the tower April 16, 2012.

TORONTO - The Donald brought his...

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Toronto condos propel higher housing starts


With no sign of cooling in Toronto condo market, housing starts rise sharply

Reported by Julian Beltrame, The Canadian Press Posted Apr 11, 2012 4:00pm

OTTAWA - Canada's home-building industry was unexpectedly hot in March — particularly the condo sector in Toronto.

The...

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STEPS to PLATINUM ACCESS


Steps to Receiving Platinum Access to Units at the Lowest Price.

You will need to be fully prepared once the Platinum Condo Release takes place, as units are usually on first come first serve basis and 1 Bed and 1+Den Selections get reserved fairly quickly.

1. Research the site and...

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Toronto Condo Market Today. Why Dragons Aren’t Monkeys.


THE YEAR of the DRAGON...

2012, The Year of the Dragon in Chinese astrology, has been compared to 1992, The Year of the Monkey, and the year when the Toronto condominium market, having famously and disastrously crashed under the combined weight of unrealistic and unreasonable speculative expectation...

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Offshore bids price Canadians out of housing market


Toronto bungalow sells for $421,800 over asking price in market's 'new reality'

Overseas investors are snapping up properties in Canada's largest cities, driving up prices and pushing ordinary Canadians out of the housing market, observers say.

Can it be true? Brad Lamb says condominium vacancy rates below 1 % in central Toronto!


Brad J. Lamb made some pretty bold statements on his blog over the weekend, claiming that the condominium vacancy rate in the central area of Toronto was below 1 per cent.

The celebrity real estate agent and developer explained that on MLS there are 600 properties for rent (condos freehold) in the areas of Toronto...

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New condo's most luxurious amenity? Parking in the sky!


Now, this is living in the lap of luxury.

A new 19-storey apartment building in New York City offers the usual spate of particulars required for upscale city living: floor-to-ceiling windows, thousands of square feet of space and a beautiful panoramic view. Oh, and, it also features a futuristic “sky...

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Rapid Growth in Rent in Toronto


Greater Toronto REALTORS reported the leasing of 4,664 condominium

apartments during the September to December 2011 period - up two per cent

from the 4,563 units leased during the same time-frame in 2010. While the

number of transactions was up, the number of apartments listed for...

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Ontario Real Estate Forms


Ontario Real Estate Forms in Plain English

Click on a form to download. You must have Adobe Acrobat Reader installed to view these forms.

Agreement of Purchase and Sale

Toronto Condo Market Fears


Many say fears of Toronto Condo bust are overblown!

We're accustomed to hearing doomsday warnings about a Canadian housing bubble and reading reports that call the Vancouver housing market way too hot for its own good.

These claims are very contentious, but always inspire a healthy...

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Record Low Interest


Are record-low mortgage rates tempting you to buy?

Canadians who have held off on buying a house might reconsider now that two major banks have dropped their mortgage rates to record lows.

The Bank of Montreal lowered its benchmark five-year fixed mortgage rate to 2.99 per cent late...

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Condo Market is on Fire


According to statistics released recently by the Canadian Real Estate Association (CREA), national resale housing activity picked up this autumn.

“The Canadian housing market remains a bright spot against a backdrop of mixed headline news about the global economy,” said Gary Morse, CREA President. “Low mortgage rates...

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Looking to buy a condo? Get to the back of the line.


October 28, 2011 00:10:00

Susan Pigg

BUSINESS REPORTER

For three years now, Efrem Rone has been keeping a close eye on an Adelaide St. E. parking lot, watching for a condo sales centre to rise from the asphalt.

“I know how things work,” says Rone, 45. “If you don’t get on the...

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Condo Assignment Costs


There are two points of view on costs:

1. The Assignor (seller) and

2. The Assignee (buyer).

1. Assignor (seller) Costs

Builders typically charge the Assignor an assignment approval fee based on a percentage of the original purchase price (before...

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Difference between an Assignment and a Resale


Original Purchasers who are motivated to sell their property before Final Closing may have the option of selling it as an Assignment. Those who sell an Assignment before the building is registered save on Interim Occupancy Fees, Property Taxes, Land Transfer Tax, and Final Closing costs and they don’t need to wait for Final...

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Little Improvements = Big Return


Its always a good idea to spruce up the exterior and interior of your home before listing it for sale. But that doesnt mean you have to undertake major and/or expensive project.

Just a little effort will greatly increase the perceived value of your home. After all, if you wanted to undertake a large-scale project, you probably wouldnt be...

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Pricing Your Property


The single most important decision you will make with your Real Estate Professional is determining the right asking price for your property.

Once you've achieved a realistic sales price, you can count on your property being professionally marketed and promoted to bring more buyers to your door. You can also expect to sell your home for...

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Selling a Home


Choosing a REALTOR

As a seller, your relationship with a REALTOR is vital so meet with several before making a final decision. A good place to start is right in your neighborhood. Check FOR SALE signs to see which REALTORS are doing business in your area. Ask them about their knowledge of your...

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Making an Offer


As a Real Estate Professional, creating an offer and the subsequent negotiation process is perhaps the most important function that is served. Once you have chosen a desired home, I will provide current market information and recently sold homes in the area to help determine the right offer price. The next step is to develop an...

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Elements of an Offer


There are six key components to the elements of an offer. They are:

Price

Depending on the local market conditions and information provided by me, your Real Estate Professional, the price you offer may be different from the seller's price.

Deposit

Your deposit shows good faith and will be applied against...

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Land Transfer Tax


Purchasers in most large Canadian centres can add Land Transfer Taxes to their list of closing costs.

Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, land transfer taxes (or property purchase tax) are a basic fact of life. These taxes, levied on properties that are changing hands, are the responsibility of the...

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Title Insurance Explained


Title insurance is growing in popularity in Canada. But what is it exactly? Should you get it? Do you need it? Whether title insurance is right for you is something you should discuss with your lawyer, as it depends on the circumstances of your transaction. This article will provide you with some background information about title insurance to...

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Local School Information



Find Your Dream Home


If the time has come for you to "Discover Your Dream Home", then I would love to help you. If you would like to have new listings emailed to you when they come on the marketplease fill out the form below.

No obligation... new listings will be sent to you via e-mail. You can cancel at any time simply by replying to my e-mail or giving me...

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Buying A Home


As a first time buyer, it is a common feeling that making your first real estate purchase is a daunting task. You will ask yourself many questions such as: Where do I start?, How much do I need to know before making a purchase, or How do I choose the right REALTORto work with? This site is to provide you with enough information to...

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