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Swipe Auctions

Posted by James Osmar | Posted in Random, Real Estate Articles | Posted on 23-09-2010

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Click on the link and what this short Video, you willl not belive the deals that people are getting.


Free Long Distance Anywhere in Canada or the U.S.

Posted by James Osmar | Posted in Random, Real Estate Articles | Posted on 19-09-2010

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Would you like to make free phone calls anywhere in Canada or the US?

Well you can!

All you need is a computer with a speaker and Gmail account. That is it!

Simply go to your Gmail account or  set up a new one at the following link.

Once set up access your account dial and start talking… it’s that easy.

Click here --->>> FREE LONG DISTANCE

Posted by Selling Toolz Ltd

Creator of Real Estate Agent Websites

Woman accused of terrorizing neighbours ordered by judge to sell her condo

Posted by James Osmar | Posted in Real Estate Articles, Real Estate News | Posted on 16-09-2010

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For years, Natalia Korolekh is alleged to have terrorized her neighbours with violence, racial insults and a massive Rottweiler that is “a constant source of fear.”

In her tony, 30-unit townhouse complex in downtown Toronto, Korolekh is considered the neighbour from hell. And on Aug. 17, the Ontario Superior Court agreed — by ordering the 41-year-old stockbroker to sell her home.

In a rare decision, Justice Michael Code ordered Korolekh to sell her unit near Bay and Bloor Sts., ruling she has been physically violent and intimidating to her condo neighbours.

Korolekh must also pay $35,000 to her condo board and get rid of her dog, a 5-year-old Rottweiler named Chinia. According to court documents, the large dog — estimated at about 150 lbs. — is used to “frighten and intimidate,” once lunging at a neighbour while Korolekh urged her to “Get it! Get it!”

Neighbours say Korolekh’s presence has transformed their community from one that was “safe, accepting and close knit” to one where common areas are now “virtually barren” and residents avoid Korolekh at all costs.

“Mrs. Korolekh’s behaviour is extreme in a number of senses,” Justice Code wrote in his judgment. “This broad array of misconduct is carried out in a devious, persistent and vindictive manner.”

He continued: “This case was a ‘perfect storm’ where the misconduct is serious and persistent, where its impact on a small community has been exceptional and where the respondent appears to be incorrigible or unmanageable.”

It is extremely rare for judges to order the sale of a condo unit, a decision considered by some to be excessive and draconian.

But lawyers for Metropolitan Toronto Condominium Corp. No. 747 say Korolekh was a danger to both the property and her neighbours, thus making legal action necessary.

“It was very extreme,” said Denise Lash, solicitor for the condo corporation. “It was probably the most extreme case that I’ve seen in my 21 years.”

Korolekh was given three months to sell her home but on Friday, she insisted she was staying put.

Chinia could also be seen lounging on Korolekh’s couch; the court-ordered deadline for the dog’s removal passed two weeks ago.

“Trust me, I will fight for myself,” said Korolekh from her home on Friday, dressed in a stained white shirt and speaking with a thick Russian accent. “”I feel something is not right here.”

In her four-page affidavit, Korolekh accuses her condo board of spearheading a “campaign of harassment” ever since she asked for some defective windows to be replaced.

Korolekh said her condo board is trying to save money by using the courts to force her out and avoid paying for the windows.

But in the judge’s ruling, Code outlines numerous examples of harassment and intimidation described by nine separate complainants. They include incidents of Korolekh “egging” homes, poisoning a neighbour’s plants, throwing gravel and stones, and even striking a male resident in the throat.

Neighbours further allege Korolekh is often “highly intoxicated” and blasts loud music at night. She is also known to climb walls and “stare inside of units for extended periods of time,” one claimed.

But the most frequent complaint against Korolekh is for offensive language. Multiple complainants describe her making racial slurs and “screaming obscenities, mostly about her disdain for homosexuals.”

In one affidavit, a neighbour described an encounter with Korolekh while in the company of his mother and daughter.

“As we were entering our unit, Korolekh yelled at us collectively, ‘You ugly Romanians,’ ‘f---you’ and other obscenities,” he wrote. “My daughter was 9 years old at the time.”

The condo board applied to have Korolekh removed from the townhouse complex on July 19, 2009, alleging she was in violation of section 117 of the Condominium Act, which prohibits residents from permitting or engaging in dangerous activity. They also said Korolekh failed to comply with an earlier request to stop her inappropriate conduct and remove her dog from the home.

On Friday, a number of residents expressed relief with the judge’s decision but most refused to speak on the record, citing fears of retribution.

“This community couldn’t be happier with the ruling,” said neighbour Robert Jerome in an email. “We were all terrorized by her, her vicious Rottweiler and her equally as nasty partner.”

Korolekh categorically denies any wrongdoing and laughed incredulously when told of the allegations made against her. She says she is the one who has been targeted with violence and racist remarks, not her neighbours.

The condo’s lawyers say they hope Korolekh will comply with the judge’s orders. But Korolekh insists she will fight to stay in her condo.

“At this point, I don’t really care,” she said. “I’ll keep trying.”

Jennifer Yang Staff Reporter

Bill Gates Speech – 11 rules your kids did not and will not learn in school

Posted by James Osmar | Posted in Real Estate Articles | Posted on 13-09-2010

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Rule 1
: Life is not fair - get used to it!

Rule 2: The world doesn't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.

Rule 3: You will NOT make $60,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.

Rule 4: If you think your teacher is tough, wait till you get a boss.

Rule 5: Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.

Rule 6: If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.

Rule 7: Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent's generation, try delousing the closet in your own room.

Rule 8: Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they'll give you as MANY TIMES as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.

Rule 9: Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.

Rule 10: Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.

Rule 11: Be nice to nerds. Chances are you'll end up working for one.

CLICK HERE ---->>> Real Estate Blogs

RE/MAX Upper End Market Trends Report 2010

Posted by James Osmar | Posted in Random, Real Estate Articles | Posted on 26-04-2010

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Luxury home sales soared in the first quarter of 2010 as affluent purchasers moved to take advantage of favourable market conditions across the country, according to a report released today by RE/MAX.


Real-time listing prices in these areas of the U.S. are dropping, and experts expect them to fall further this year

Posted by James Osmar | Posted in Real Estate Articles | Posted on 05-02-2010

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New U.S

Year-over-year home listing prices have dropped precipitously in nine cities, according to Altos Research, a Mountain View, Calif.-based housing real estate research firm, and they're not all cities you might expect. Some had appeared to escape the housing bust but are now showing cracks. Others were hit hard by the Wall Street collapse and still more are facing drained demand in the luxury home market. Since Altos tracks asking prices, housing price trends tend to show up months earlier than they do in other widely respected price indexes. Click to see where trouble might be ahead.

Offer incentives, incentives and more incentives

Posted by James Osmar | Posted in Real Estate Articles | Posted on 02-02-2010



Builders continue to chip away at prices with special deals, some of which have taken $100,000 or more off the price of a home. But individual sellers also should consider price and other incentives that could entice a buyer to take a look.

"You have to attract their attention somehow," Travis says. "You want to create the buzz."

Travis' sellers have offered gas cards when prices skyrocketed or offered to pay for a year's worth of propane for an old house. He's sold condos in which the seller has paid for a year's worth of expensive homeowners' fees.

Travis' most unusual sale happened when he advertised a free lakefront house with the purchase of a $405,000 pontoon boat that he says was "beat to hell." Travis says he was having a hard time selling the home, even though it was lakefront on a 300-acre New Hampshire lake, because it was on a cove lot without any beachfront.

When he advertised the house as free with the purchase of the boat, potential buyers came out just to see what was going on. The house eventually was sold, but the boat was turned down.

These and other incentives — some sellers have offered free vacations and spa trips and boat and car leases for a year — can get traffic through your door, Travis says.

Sometimes people see the concessions and realize the sellers are willing to work with them. "They realize they have a little more negotiating room," he says.

On second thought: Don't include items, such as lawn or recreational equipment, in the ad for the home. But during negotiations, you might want to throw in the pool table or lawn mower to help seal the deal.

Real Estate and the HST – What You Need to Know

Posted by James Osmar | Posted in Real Estate Articles | Posted on 28-01-2010

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The provincial and federal governments will combine the 7% provincial sales tax (PST) and the 5% federal Goods and Services Tax (GST) into a 12% Harmonized Sales Tax (HST) on July 1, 2010. Now is the time to start preparing for this change. As a rule of thumb, the GST rules that now apply to residential property will also apply under the HST.

New Housing Rebate
Homebuyers may be eligible for a provincial New Housing Rebate if they buy, as their primary residence:
- a new home together with land;
- a new home together with leased land;
- a new mobile home or float home;
- a new home purchased through shares in a housing
cooperative; or
- a home constructed or substantially renovated (more than • 90%) by the owner-builder.

Buyers of new homes will be eligible for a rebate of 71.43% of the provincial portion (7% of the HST’s 12%) of the HST paid on the new home up to a maximum rebate of $26,250. Homes prices at more than $525,000 will be eligible for a flat rebate of $26,250.
*The federal GST New Housing Rebate is 36% of the tax paid on the first $350,000 of the home price. The GST rebate is phased out for homes priced between $350,000 and $450,000.
Note: the provincial New Housing Rebate is limited to primary residences. Recreational property not used as a primary residence does not qualify.

Leased land rebate
If the client is a residential builder or developer, a rebate will also be available for leased land used for residential purposes up to a maximum of $8,663 (33% of $26,250). For multiple residential lots or sites in a residential trailer park, the maximum rebate of $8,663 applies to each lot or site.

Agreements signed before November 18, 2009

If your clients buy a presale residential property and they have an agreement dated on or before November 18, 2009 and if they take ownership or possession before July 1, 2010, they will not pay the HST and will not be eligible for a New Housing Rebate. They will pay the GST.
If your clients buy a presale property and the agreement is • dated on or before November 18, 2009 and they take ownership or possession after July 1, 2010, they will not pay the HST and will not be eligible for a New Housing Rebate. They will pay the GST.

Agreements signed after November 18, 2009
If your clients buy a presale property and the agreement is • dated after November 18, 2009 and they take ownership or possession before July 1, 2010, they will not pay the HST and will not be eligible for a New Housing Rebate. They will pay the GST.
If your clients buy a presale property and the agreement of purchase and sale is dated after November 18, 2009 and they take ownership or possession after July 1, 2010, they will pay the HST and may be eligible for a New Housing Rebate.

Vacant land
Whether your clients pay the HST depends on who they buy the land from.
If your clients buy a lot from an individual (not a developer) • who has never used it for business purposes, your client will be exempt from paying the HST.
If your clients buy the lot from an individual who has subdivided it into more than two lots (three or more lots), or from a developer, your clients will pay the 5% GST if the possession date is before July 2010, even if the title transfers after July 1, 2010. If possession is transferred after July 1, 2010, your clients will pay the 12% HST.
If your clients plan to build a home, if the majority (90%) is completed after July 1, 2010, they will pay the HST. They may be able to recover a portion of the HST through the New Housing Rebate.
If your clients are selling personal use vacant land and the sale is now exempt from the GST, the sale will be exempt from the HST after June 30, 2010.

New Rental Housing Rebate
There is an enhanced provincial New Rental Housing rebate. If your clients construct or substantially renovate a residential property to rent to tenants, your clients may be eligible for a rebate up to $26,250 on units priced up to $525,000. There is a flat rebate of $26,250 for units priced above $525,000.
To qualify, the home must be used as a rental unit or as a primary residence by the owner for at least one year. Eligible units include:
- a detached, attached or condominium apartment, with or without a legal secondary suite;
- a mobile or float home;
- units in a multiple unit building including long-term care residential facilities; or
- the land component of a single-unit or multiple-unit building where the land is leased or is a housing cooperative.

Homebuyers will not be eligible for any housing rebate if they buy a new property which is not their principal residence and they don’t rent it.
But, if your clients buy a new rental apartment building and rent all of the units, they will be eligible for a New Rental Housing Rebate for each unit up to a maximum rebate of $26,250 per unit.
If clients build or substantially renovate a rental property, they will be required to self-assess and pay the GST before July 2010 and the HST after June 2010.

Will residential landlords pay the HST?
If your clients now pay the GST, they will pay the HST on maintenance, electricity, cable television and other services provided to tenants.
Your clients will not be able to claim input tax credits and will not be allowed to recover the HST from tenants because owning residential rental property is an exempt activity and landlords can’t register for the GST/HST.

Parking spaces
If you rent a parking space the HST will apply as of July 1, 2010.

Resale homes
The HST applies to new homes. It does not apply to resale homes.

Buying either a new or a resale home
The 12% HST will be charged on a range of goods and services including:
- home renovations;
- energy efficient appliances, insulation, windows and doors;
- heating and electricity bills, telephone, cable;
- closing costs such as appraisals and inspections;
- moving costs; and •
- Real Estate Professional fees or commissions.

Transitional rules for Real Estate Professional Commissions and Fees
The HST will apply to Real Estate Professional services performed on or after July 1, 2010. If 90% or more of the services are performed
before July 1, 2010, the HST will not apply. The GST will still apply before July 1, 2010.
Example: a Real Estate Professional performs services from May 1, 2010 to July 1, 2010, the property sale closes July 31, 2010 and the commission is due then. Two-thirds of the services were performed before June 30, 2010 and one-third from July 1, 2010 to July 31, 2010. The Real Estate Professional will charge GST on two-thirds of the amount charged for their services and the HST on the remaining one-third.


May 1, 2010• – the HST will apply to amounts that are paid or payable on or after this date for goods or services
provided on or after July 1, 2010.
July 1, 2010• – the HST rate will be 12% (5% federal + 7% provincial). The PST will be eliminated.
July 1, 2010 • – the HST will not apply to a service where most (90% or more) is completed before July 2010.

The HST is not the PTT
The Property Transfer Tax (PTT) is a separate provincial tax on all property transfers. The rate is 1% on the first $200,000 and 2% on the remainder of the property price and charged on the price of the property before the GST/HST is applied. Eligible first-time home buyers may qualify for a PTT exemption.
For information about the PTT:
Online Resources
For information about the GST/HST phone the Canada Revenue
Agency at 1.800.959.8287 or visit: www.Real Estate Go to Lobbying and Legislation and then Harmonized Sales Tax Resources. <<<<---- CLICK HERE


Carney: Don’t be seduced by low interest rates

Posted by James Osmar | Posted in Real Estate Articles | Posted on 16-12-2009


Carney Don't be seduced by low interest ratesThe governor of the Bank of Canada warned Wednesday that consumers and banks should not be lulled into a false sense of security because of low interest rates.

In a speech in Toronto, Mark Carney, said both parties have a responsibility not to take risks that could derail the recovery.

Consumers are helping Canada’s economic recovery outpace that of its G7 partners, Carney said, but that the recovery remains vulnerable to over-indulgence.

"When risks are still manageable is precisely the best time to act," Carney told a business audience. "We must be vigilant, and all parties must fulfill their responsibilities."

The Bank of Canada’s extraordinary low-interest rate policies are making it possible for Canadians to take on more debt, he said, but rates will increase and loans affordable today could prove unaffordable in the future.

Banks should be particularly vigilant against risky loans, Carney said, pointing out that even good loans became a problem during the U.S. subprime mortgage fiasco.

Still, while cautioning against unrestrained borrowing, Carney also said Canada's recovery may be more dependent on domestic spending because of lagging U.S. demand for Canadian exports, which could mean the rebound will be slower than usual.

The central bank has said it expects to keep its benchmark rate at a record low of 0.25 per cent at least until June. The rate has been that low since April, leading to a rise in the housing market that some economists have warned could become a bubble.

Last week the bank described growing household debt as now the biggest risk to the country's financial system, even though was still "relatively low" and not likely to become so great that it could undermine the stability of commercial banks.

With files from The Canadian Press

Value of Building Permits Up By 18%

Posted by James Osmar | Posted in Real Estate Articles | Posted on 07-12-2009

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Statistics Canada attributed the spike to construction intentions for single-family dwellings and non-residential permits.

The value of building permits for single-family dwellings increased for an eighth consecutive month, up 10.1 per cent to $2.4 billion in October. Every province except Nova Scotia and Prince Edward Island contributed to the advance in single-family construction intentions.

The value of building permits for multi-family dwellings fell 8.2 per cent to $1 billion after increasing 34.3 per cent in September.

Municipalities issued permits worth $2.7 billion, up 42.4 per cent following a 9.2 per cent decline in September. Municipalities have issued building permits worth $48.3 billion between January and October, 20.8 per cent less than in the same period in 2008.

In the industrial component, the value of building permits doubled to $709 million. This was the third consecutive monthly increase, fueled by higher construction intentions in Alberta, Ontario and Quebec.

After four monthly consecutive declines, the value of institutional building permits increased 50.9 per cent to $904 million. The gain was largely attributable to educational institution projects in Alberta, Saskatchewan, Quebec and British Columbia. Ontario had an increase in the value of permits for medical buildings.

Regional strength

In total, the value of building permits was up in six provinces and 20 of Canada's 34 largest metropolitan areas.

The largest increases were in Alberta, Ontario, Saskatchewan and Quebec. All four provinces saw growth in the value of building permits for single-family dwellings and in the non-residential sector.

After substantial gains in September, New Brunswick and Nova Scotia posted the largest declines in October.