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With all the talk about Toronto Condo Bubbles, Housing Bubbles and all the informed conversations online about HOW the Real Estate and condo market in TO will collapse this year; I offer this simple answer.
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We have been doing an Annual Common Charge Survey of the properties we manage. As you would expect, there is quite a variation in fees. The 2011 survey was done on 248 hi-rise condominiums comprising 52,406 units. The average common charge per unit per month was $606.47, the average suite size in the survey was 1,057 square feet and the average cost per square foot per month was 57.4 cents.John Oakes President Brookfield
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The ecoENERGY Retrofits Program has been cancelled by the Canadian Federal Government, so much for assisting homeowners in getting their homes retrofitted. If you were fortunate to have registered your property before January 28th, 2012 your are still in luck to have the work completeted by the deadline of June 3oth, 2012. This deadline has been extended from March 31st. 2012.
This program allowed homeowners to receive grants of up to $5000.00 to make their homes energy efficient.
Prior to have any renovations done homeowners must have completed an energy audit of their home by a licensed service provider. The report will give the homeowner recommendations for renovations to improve the efficiency of their home. Once work has been completed a 2nd audit will be done to determine the improvement in the home's energy efficiency.
I am one of the lucky ones as I registered my home last fall. So in the spring I will be getting a new roof and hopefully a rebate from the federal government. I live in a 108 year old home in Toronto and I have a lot to do to bring our home up to a more energy efficient standard.
For more information on the ecoENERGY Retrofit – Homes program, please visit: http://www.ecoaction.gc.ca/ecoenergy-ecoenergie/retrofithomes-renovationmaisons-eng.cfm
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How are you handling your MLS Data? Are you sharing your listings to Zillow and Trulia?
Do they run ads beside your listings with another agents contact details?
Welcome to the new world of aggregators on the internet.
What will you do?
What will you ask your Broker of Record to do?
Is this what will happen for us in Toronto Real Estate as more people IDX and VOW?
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The Ultimate Slap In The Face
After a closed door meeting council voted to stick Georgina Taxpayers with the bill for a defamation lawsuit by Mayor Grossi against the former Georgina Leisure services Director John McLean. You can read more about this decision and Help stop your tax dollars from paying for the lawsuit. There is also an online petition to stop the funding for Mayor Grossi's lawsuit.
An article in the Georgina Advocate indicated Mayor Grossi would donate any funds he receives as a result of his lawsuit to a charity yet to be named.
The irony is he will likely get a charitable tax receipt that he can then use to reduce his personal taxable income.
The Ultimate Slap In The Face
Should this happen it would be the ultimate slap in the face to taxpayers who would have footed the bill for the resources used to obtain the funds used to fund his tax deductions.
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