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certificate of status

James Metcalfe’s April Real Estate Update

April 29, 2013 by James Metcalfe Leave a Comment

Spring has finally arrived (sort of) and with it some growth in the average price of a resale home in the GTA. In March, we saw the price of homes increase by 4% versus March 2012 which means the average price of a home increased from $500, 875 to $519, 879. We also saw price growth across all market segments including single- detached homes, semi-detached homes, townhomes and condo apartments. Although we saw price growth there was a 17% decrease in sales versus March 2o12.

This month in our update we look at a case of a couple with two dogs and the importance of examining the building’s certificate of status prior to placing an offer on a unit. Make sure to ask your real estate agent about the certificate of status prior to placing a bid on a resale condo. They should know of any restrictions when it comes to pets and so should you!

We also take a look at some of your electrical questions including examining the electrical capacity of your home and what to do if some of your electrical out lets are not grounded. What are the risks and consequences?

Lastly, and as always we have the popular Pearls of Wisdom. Here is a preview: “Here’s something to think about: how come you never see a headline like ‘Psychic Wins Lottery'” – Jay Leno.

James Metcalfe’s April Real Estate Update from James Metcalfe

Filed Under: Consumer Best Interests, Legal, Market Stats & Trends, Our Home Toronto Real Estate Newsletter, Toronto ... Bylaws & Outlaws, Toronto Condos, Your Next Move ... Up-Sizing / Down-Sizing Tagged With: certificate of status, downtown Toronto, electrical questions, James Metcalfe, James Metcalfe Real Estate, Pearls of Wisdom, Real Estate Update, Toronto Condos, Toronto Homes, Toronto Real Estate, Toronto Real Estate Trends

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