Marilyn Munroe Towers In Square One

2 Bd + den for sale at Marilyn Munroe Towers In Square One Area -$389,900
· Lowest Price For Quick Sale
· Approx.1200 Sqft Incl. Balcony
· Very Clean Unit In Famous Marilyn Munroe Towers In Square One Area
· Every Room With Walkout To Balcony
· Bright Large Windows
· Upgraded Kitchen With Granite Countertop With Undermount Sink

CALL MEGAN
Call today for your showing!

GREAT for First time home buyers & new comers!

• Brand new listing! 23 Ryewood Dr, Toronto. $419,900 MLS#: W2433651
• Brand New Kitchen & Brand New Main Washroom
• S/S Appliances, New Lights, New Front Door
• Huge Veranda, 2 Basement Apartments W/ 2 Sep Entrance
• Walkout Basement W/ 2 Kitchens & 2 Washrooms In The Basement
• Basement Was Rented For $1250 Combined-Live 4 Free!
• 3 Fridges, 2 Stoves
• Location Intersection: Laura/Sheppard/Jane

Sold firm - 2 Storey Townhouse in the heart of Mississauga

2Bd+Den Mississauga Condo for sale!

This property is now SOLD!!!!!

• ·        Perfect For 1st Time Home Buyers!
• ·        *One-Of-A-Kind-Unit*
• ·        2Bd+Den. Den Can Be Used As A 3rd Bdrm.
• ·        Open Concept Living & Dining. Modern, Updated Kitchen &Powder Room.
• ·        2 Huge Balconies.
• ·        *Huge Locker-Can Be Used As Utility Room*
• ·        Utilities Included-Hydro,Parking,Central A/C,Heat,Pool,Gym,Party Room,Security System
• .        Visitor Parking. Close To Schools, Library,Parks,Bus Stops And Grocery.
• ·        Listed for $169,900.
• For more information please refer to MLS # W2355392 or simply give me a call 

Martin Grove/ Steeles house for sale! Listed at 444,999

· Hardwood floors

· Renovated kitchen with new cabinets, counters and backsplash

· Stainless steel appliances

·  New vanity and ceramic floors in kitchen

·  Fenced yard with cemented patio

·  Insulated attic

·  New light fixtures and humidifier

· 2 fridges & 2 stoves

· 2 Kitchens

Call today for your showing!

Location: Martin Grove/ Steeles

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CALL MEGAN 

Ching/Sandalwood house priced at $610,000

2011 end of year sales!

Happy New Year! Here are a few year end sales of 2011. I would like to Thank my clients for putting their trust in me and making me successful.

I am happy to announce that I have been given an award for 2011 sales. I am hoping for a better yet more successful 2012!

Thank you for visiting my blog.

Best Wishes,

Megan







SOLD!! Stacked Condo. 8 minutes to centenniel college (scarborough campus). The townhouse features big gorgeous windows and hardwood flooring.



SOLD! Wonderful, Bright And Clean Unit, With 2 Parking Spots at W. Churchill/Battleford



SOLD! Affordable Amazingly Well Laid Out. 4 Spacious Bedroom 2 Storey Townhome at Weston/Lawrence

Sold firm- Brand New Condo

Hello fellow blog readers:

First and foremost, I would like to wish everyone a HAPPY DIWALI!

The last couple of weeks have been extremely busy for me, hence the infrequent blog posts.

However, I have few updates on my end.

The following condo has been now sold firm to my buyers. This one is a brand new Markham condo. This beautiful new development is surrounded by The Rouge River Valley. It boasts Engineered Hardwood Floors, Balcony, Large Windows, A Large Bedroom, and Open Concept Kitchen with Granite Countertops, Ceramics Tiles, and Stainless Steel Appliances.

Also, I have been extremely busy showing condos in Mississauga and North York area. For your list of condos, please don't hesitate to call me.

Regards,

Megan

Pre-construction condos

Pre-construction condos:

There are several costs involved with a pre-construction condo:

Usually when you buy a pre-construction condo you put down an initial deposit of 5% which goes into lawyer’s trust account. You could also pay 5-10% on occupancy date. And a normal of 20-25% in the span of couple of years until occupancy date. Here’s an example: say you buy a condo for $300,000. You must pay out 20% in deposits over the next couple of years. 20% of $300,000 is $60,000. That leaves $240,000 in unaccounted for funds for which you need to get a mortgage pre-approval.

But one must not forget the following costs that crop up on the day of your closing (ie. Possession date)

·         HST

·         Land transfer tax

·         Tarion enrollment fee

·         Property if pre-paid by developers

·         Development charges ( for development that requires the passing of a zoning by-law 

·         Occupancy fee (which is basically like your rent because it is not added to your mortgage)

·         With condos, unlike houses, there are two "closings". The first is called the "Interim Closing" which occurs at Occupancy (when the Municipality authorizes people to actually occupy the premises). The final closing is when you acquire title for the property and you start your mortgage payments.

·         3 months common elements fee

·         Water and gas hook up fees

·         Disbursement, mortgage registration fees

·         Development fees, Tarion enrollment fees, and water/gas hook up fees are all examples of costs that buyers incur when buying pre-construction instead of going resale.

Please call/email me for more questions.

Fixed vs. Variable

I am big proponent of variable rate and here’s why:

Why go variable?

1.)   Statistics, Statistics: BMO says variables have been cheaper 83% of the time

2.)   Lower Penalties: People often break their mortgages early, for various reasons (including refinancing, selling, divorce, moving to a mortgage with a better rate/more flexibility, etc.). Most variables let you escape your contract with a 3-month interest penalty, whereas fixed rates can hit you hard with interest rate differential (IRD)—even if rates stay relatively flat (many people don’t know that).

3.)   Less Rate Risk: Compared to prior economic recoveries, economists believe that it won’t take as many rate hikes to cool Canada’s overleveraged slow-growth economy this time around

4.)   Slower Rate Hikes: The U.S. Fed has pledged to remain on hold till 2013. Moreover, TD says: “The Bank of Canada has repeatedly noted that there are limits to how much Canadian short-term rates can diverge from those in the United States."

5.)   A Free Option: Variables let you lock in anytime for free.(i.e., lock in if rates drop further, or lock in if rates look like they’ll blast off), you can do it for free in VRM…but not in a fixed.

6.)   Fixed Payments: Some lenders let you fix your payments so that they don’t move when prime rate moves.

7.)   Payment Matching: When variable rates are lower than fixed rates, you can increase your variable payments to match a 5-year fixed payment.

8.)   Timing is Futile: The problem is, knowing short-term rates doesn’t help you predict long-term rates, and the majority of mortgages are 3+ years.

Buying a Home? Get the Facts on HST

Consumers buying a resale home do not pay HST on the purchase price of the home.

In addition to not having HST on resale homes, a refund of Land Transfer Tax of up

to $2,000 is available to first-time home buyers of resale homes.

On the other hand, if you are buying a newly constructed home, HST will apply.

Enhanced new housing rebate:The new housing rebate would be enhanced so that new homes purchased as primary residences across all price ranges would receive a rebate of up to $24,000, while continuing to ensure that, on average, new homes priced up to $400,000 would not be subject to additional tax compared to the retail sales tax (RST) currently embedded in the price of new homes. For new housing, additional tax only applies to the portion of the price above $400,000.

Qualifying housing would include substantially renovated housing, co-operative housing, owner-built housing, housing on leased land, mobile homes and modular homes for use as primary places of residence.

Quick fact: 75 per cent of new homes sold in Ontario are under $400,000 and would not be subject to an additional tax amount, on average, compared to the current retail sales tax (RST) embedded in the price of new homes.

Updates!!

Hello blog readers:

It has been a great week so far...

Two deals have been firmed up: 2 bd condo in Toronto and a semi-detached house in Brampton. 


I have attached pictures below.

I am very happy for my first time home buyers.

Anyways, until next week ...

Regards,

Megan

What the latest stock market crash could mean for Real Estate?

The Toronto stock market tumbled again Friday, which is considered to be the worst decline in two years.

This is giving way to fear and stress. No one really knows what the chaos means to them. Ultimately, there is no magic wand that will make things better. However, there are alternative solutions.

We cannot control the world but we can control part of our surroundings. Which brings me to a very valid point: Real estate by far is the most secure long term investment one could make.

Stock markets have a huge gambling component. However, real estate will still be there after dust settles and is not subject to the vagaries we see in the stock market now.

You too can make money if you have a good negotiator by your side that will show you good (if not great) deal(s) that will provide you with a hefty return on investment.

If you are an amateur or seasoned investor in Real Estate, look no further and contact me! I would love to hear from you.

Post long weekend ...

The long weekend has come and gone.....

It all went by so fast with an open house in Mississauga (Queen Elizabeth Way and Port Credit area ) and showing properties to my first time home buyers! Gotta love em..

Speaking of the open house. I have to say I am very much impressed with the work done in the house. The sellers got rid of the clutter and got their house staged (Thanks to my advice!)

And....what a difference it makes. Everyone who came to open house marvelled on how "spacious" and "beautiful"  and "professionaly painted" the house looks. And damn right, it does.

The house looks roomy and bright which translates to welcoming and utters a"buy-me" slogan. Here is a snapshot of what it looks from the inside.

You can practically own this property for $1200/monthly. The selling price is $349,000 which I have to say is quite aggresively priced as the sellers vacated the property and staged it for maximum exposure and move in ready condition.

You can always call me for viewing ! I would love to hear from you.

Until my next post... Have a good day!!