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Mid Month Resale Housing Figures - December 2011

Sham Pathania: Real Estate Agent in Mississauga, ON

TORONTO, December 16, 2011 --

Greater Toronto REALTORS® reported 2,699 transactions through the TorontoMLS® system during the first 14 days of December. This result was 11 per cent above the number of transactions recorded during the same period in 2010. On a year-to-date basis, sales amounted to 87,407 – up 4.3 per cent compared to 2010.

"We have had the second best year on record for transactions under the current Toronto Real Estate Board boundaries. Households have continued to take advantage of affordable home ownership options across the diverse array of housing types available in the Greater Toronto Area," said TREB President Richard Silver.

The average selling price during the first two weeks of December 2011 was $460,967 – up six per cent in comparison to December 2010.

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Is your computer slow ?

Sham Pathania: Real Estate Agent in Mississauga, ON

Is your computer slow ?

Screen Frozen ?

Do you get the message, Internet explorer not responding !

You click on an icon and nothing happens.

After sometime you have multiple windows opened up !

You go to Tools !!.

Delete all the web history, passwords and bla bla bla..

Or Type msconfig on the start up !!!

and try to stop the programs running behind the screen !

Can you do more than that !

yeah,. shut it down and restart !

Is there a better way to manage our desk top !!

All this does happen.

I was just wondering how to keep our machine tuned perfact to enable all of us to save time.

Investing in Real Estate - Real Estate Leverage

Sham Pathania: Real Estate Agent in Mississauga, ON

Real Estate leverage is the use of borrowed money to increase your profits in an investment. Building wealth via real estate requires the use of leverage.

Let's assume you have $100,000 to invest and you purchase a small income property for $100,000. Consider the properties have been appreciating at an average of 7% per year. At the end of the first year of operation, your property is worth $107,000. At the end of year two, it is worth $114,490. Now let's assume that you put your $100,000 down on a $500,000 income property. At the end of the first year, it is worth $535,000. At the end of the second year, it is worth $572,450. By using leverage or borrowed money to purchase a larger income property, you have increased your profit by $57,960 in just two years. To get the full advantage of leverage, put the minimum down on a good property which has a strong likelihood of appreciating in value. Stay away from questionable properties in run down areas.

Isn't that so simple ? Yes it is, provided you buy a good house in good area.

Someone said listings are the name of game !

Sham Pathania: Real Estate Agent in Mississauga, ON

Incidently, I have been dealing mostly with the Buyers. But right now, I really need some good listings.

Just Sold and the closing is by month end !

MLS#: W1728905

I have three buyers looking for detached homes in Mississauga or Brampton, but do not have the any listing matching thier requirements. Realtors store is low on inventory because of surge in buying. The last two months have been very active and hot.

Thinking of Selling your Home ! Serving Region of peel, its your Realtor Sham Pathania. Visit my website www.greatgtahomes.com for MLS listings and search MLS properties in your desired area.

If you have any questions related to real estate and if you are seeking an assistance in selling or buying a real estate property in Brampton, Mississauga, Milton,Oakville, Caledon, Etobicoke or anywhere in GTA area, you may conact me at 416-562-8417. Ask For a FREE complimentary market evaluaton of your property.

If you are looking for a house and you have a particular School in mind, you must look for these MLS listings with school information

Tips For First Time Hone Buyers

Sham Pathania: Real Estate Agent in Mississauga, ON

Tips for Getting Started

  • Know your credit score
  • Develop a budget
  • Learn key mortgage terminology
  • Determine how much you can afford
  • Get pre-qualified
  • Talk to a mortgage professional

RRSP Homebuyers Plan

Effective January 27, 2009, as a first time home buyer, you are allowed to withdraw up to $25,000 from your RRSP without penalty. This amount can be doubled with your partner to a total of $50,000. Participants of the Homebuyers plan must begin repayment to their RRSP within two years of withdrawing the funds.

Land or Property Transfer Tax Refunds

If you purchase land or an interest in land, you may be entitled to a refund of a Provincial Land Transfer tax.

In Ontario, qualified first time home buyers may be entitled to a refund of a provincial Land Transfer Tax up to a maximum of $2,000 or a home priced up to $227,500. There is also a first time buyers refund for homes purchased in the City of Toronto.

In British Columbia, qualified first-time buyers may receive a refund of Property Transfer Tax on homes valued up to $425,000.

First Time Home Buyers' Tax Credit

First time home buyers may eligible for a 15% income tax credit on a maximum of $5,000 of home purchase costs (e.g. legal fees, land transfer taxes) representing a tax relief of $750.

The tax credit is applicable to first-time home buyers purchasing a home with a closing date after January 27, 2009.